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Increase In Paid-Up Capital Of Foremost Maritime Pte Ltd, A Wholly Owned Subsidiary Of Samudera Shipping Line Ltd
BackDec 31, 2002
The Board of Directors of Samudera Shipping Line Ltd (the "Company") would like to announce that Foremost Maritime Pte Ltd, a wholly owned subsidiary of the Company, had increased its paid-up capital from S$60,588,000 to S$62,762,800 on 26 December 2002. The additional 2,174,800 ordinary shares of S$1/- each was issued at par for cash consideration to the Company for the purchase of the vessel "Sinar Bontang".