Avance Gas Holding (AVACF) has released an update.
Avance Gas Holding has delivered the dual-fuel vessel Avance Polaris to BW LPG, enhancing its stake in BW LPG to 8.55% by receiving 2.1 million shares. The transaction also included novation of lease obligations and net cash proceeds of $13.5 million. The company plans to deliver four additional vessels by the end of December 2024.
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