Pan Ocean Co., Ltd. ("the Company") is pleased to announce the Company will invest new vessels as follows:
1. Specific Object of Investment
Shipbuilding contract of two LNG
Carriers
2. Details of
Amount to be Invested(KRW)
457,055,214,000
Equity Capital (KRW)
2,806,651,738,465
Investment
Ratio to Equity Capital(%)
16.28
3. Purpose of Investment
In order to expand LNG Business
4. Investment
From
2021-07-14
Period
To
2024-12-31
5. Date of Board Resolution (Decision Date)
2021-07-14
- Attendance of
Present(No.)
3
Outside Directors
Absent(No.)
1
- Attendance of Auditors(members of Audit
Present
Committee)
1. The amount in the above item 2 was
converted into Korean won(KRW)
with the initial exchange rate of date of
Board Resolution. The amount might
be changed according to the exchange
6. Other references useful for making investment
rate.
decisions
2. The investment period in the above
item 4 means of shipbuilding contract
date and the date when the latest vessel
is to be delivered and the date would
be changed as per the shipbuilding
schedule.
BY ORDER OF THE COMPANY
Lotus Isabella Lim Mei Hua
Company Secretary
Date: 14 July 2021
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Pan Ocean Co. Ltd. published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 07:18:03 UTC.
Pan Ocean Co Ltd is a Korea-based company principally engaged in the provision of sea transportation services. The Company operates its business through two segments. The Shipping segment is engaged in the provision of sea transportation services using bulk carriers and non-bulk carriers. The bulk carriers include break bulk liners, trampers and large bulkers. The non-bulk carriers include tankers, containers, gas carriers and heavy lifters. This segment is engaged in the sea transportation of cargoes such as iron ores, coals, grains, containers, crude oil, crude oil, automobiles, liquefied natural gas (LNG), as well as special cargoes. In addition, this segment is engaged in the grain business, which purchases and sells grain to importers. The Other segment is involved of ship management business and leasing business.
PAN OCEAN CO., LTD. 
