Azmi & Associates Facilitates RM47.8 Million Acquisition of Tugboats for Bintulu Port Sdn Bhd

Azmi & Associates has recently successfully facilitated the acquisition of four 45-tonne bollard pull tugboats for Bintulu Port Sdn Bhd. This RM47.8 million deal significantly enhances the port’s operational capabilities.

Bintulu Port Sdn Bhd, a subsidiary of Bintulu Port Holdings Berhad, (partially owned by the Sarawak Government) benefits from this acquisition by improving its capacity to handle larger towing tasks and increasing operational efficiency.

The Firm drafted four Memoranda of Agreement and managed the sale and purchase process, including registration with the Marine Department in Kuching, Sarawak. Clear strategic guidance ensured a smooth and efficient completion, adhering to all regulatory requirements.

Senior Partner Dato’ Azmi Mohd Ali, along with Managing Associates Nafis Zain and Sherena Khairul Suman, Associates, Gabrielle Lim Wai Yee and Abdul Karim Ariez and Legal Executive, Jane Lau Bi Yien provided composite legal services to Bintulu Port Sdn Bhd throughout the acquisition.

Azmi & Associates’ meticulous handling of the sale and purchase process has provided clients with exceptional service, value, and satisfaction.

 

Corporate Communications
Azmi & Associates
18 July 2024

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