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You are here: Home → Archive → 2009 → July → 16 → Neptune's Asian push sees new Singapore acquisition

Neptune's Asian push sees new Singapore acquisition

by Rob McKay — last modified Jul 16, 2009 12:19 PM

Neptune Marine has signed a letter of intent to buy Singapore inspection, repair and maintenance firm Core IRM for $11.35m, the Perth offshore engineering company said today.

The purchase will be 90% funded by equity raised in its June 5 share placement.

Core IRM was expected to weigh in at 10% of Neptune's annual revenue and bolster its progression towards being...

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