Franbo Expands Operations, Orders 3 Singapore-Flagged Multipurpose Vessels

ASEAN Financial Special Report (300 articles in total) Central News Agency: Grasp the New Southbound Policy, focus on ASEAN''s economic pulse. Central News Agency''s ''Southeast Asia Financial Information Network'' daily selects financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries. Whether it''s new government policies, industry trends, or investment opportunities, it allows you to instantly grasp key information, understand the market, and seize business opportunities. (Central News Agency, Taipei, May 6th) Franbo announced today that in order to expand the group''s operational scale, the boards of directors of its three sub-subsidiaries have all resolved to build Singapore-flagged MPP (Multipurpose) vessels, totaling 3 ships, each with a deadweight tonnage of 17,400 tons. Franbo pointed out that it invested 33.6 million US dollars in its subsidiary Franbo Lines (Singapore) PTE.LTD., which then separately invested in three sub-subsidiaries: FRANBO BENEFIT PTE. LTD. (tentative) 9.8 million US dollars, FRANBO BLESSING PTE. LTD. (tentative) 9.8 million US dollars, and FRANBO BOUNTY PTE. LTD. (tentative) 14 million US dollars. The boards of directors of Franbo''s three sub-subsidiaries each resolved to build one 17,400-ton Singapore-flagged MPP multipurpose vessel, with each transaction amounting to 27.5 million US dollars; a total of 3 vessels and 82.5 million US dollars. 1150506 Choose to stand with facts, every sponsorship you make is a force to protect press freedom. Download the Central News Agency ''First-hand News'' APP to instantly grasp the latest news. The text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.