Vallianz receives $10M investment from UOC

Vallianz Holdings Ltd., which provides offshore support vessels and integrated marine solutions to the oil and gas industry, says that United Orient Capital Pte Ltd. (UOC) will be investing $10 million in Vallianz to finance the Group’s expanding business operations.

Under a subscription deed that the Group signed with UOC, Vallianz will issue 10 million convertible preference shares (CPS) at an issue price of $1 per CPS to UOC.

Vallianz intends to use the net proceeds of $9.5 million from the proposed subscription for fleet expansion and general working capital.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...