12-06-2017, 07:01 PM
Kim Heng bought some assets of Swiber at fire sale prices:
http://infopub.sgx.com/FileOpen/Kim%20He...eID=457479
With this transaction Kim Heng's cash position should be reduced to about $10m, and its debt raised to about $25m.
Is Kim Heng smart, or will this accelerate its cash burn rate?
With lower shale production costs, will demand for offshore and marine services recover to previous levels?
http://infopub.sgx.com/FileOpen/Kim%20He...eID=457479
With this transaction Kim Heng's cash position should be reduced to about $10m, and its debt raised to about $25m.
Is Kim Heng smart, or will this accelerate its cash burn rate?
With lower shale production costs, will demand for offshore and marine services recover to previous levels?