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Increase In Paid-Up Capital Of Foremost Maritime Pte Ltd, A Wholly-Owned Subsidiary Of Samudera Shipping Line Ltd
BackJun 20, 2003
The Board of Directors (the "Board") of Samudera Shipping Line Ltd (the "Company") would like to announce that Foremost Maritime Pte Ltd, a wholly owned subsidiary of the Company, has on 10 June 2003 increased its paid-up capital from S$62,762,800 to S$65,114,650. The additional of 2,351,850 ordinary shares of S$1/- each was issued at par for cash consideration to its holding Company to finance part of the business expansion.