Independent journal on economy and transport policy
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Boustead Heavy Industries Ltd. Corporation will yield the control of the yard of Topic to the Republic of the Ghana
Negotiations with the government African in order to sell 60% of the capital stock of Shipyard Topic
September 6, 2011
The navalmeccanica society malaysian Boustead Heavy Industries Ltd. Corporation (BHIC) has announced that the government of the Ghana has expressed intention the intention of riacquisire the share quota the ship yard Shipyard Topic stopped from the BHIC.
8 November 1996 the government of the Ghana had undersigned a joint venture agreement of with the Penang Shipbuilding and Construction, society that successively is renamed Boustead Penang Shipyard (BPS) and that it is a branch of the BHIC, based on which the executive African had yielded to the enterprise malaysian 60% of the capital stock of the Topic Shipyard and Drydock Co. Ltd. (TSDC), operation that had lead therefore to the constitution of the PSC Topic Shipyard Ltd. (PSCT).
BHIC has explained that it has been revealed difficult to achieve the objectives previewed from the agreement with the ghanese government and that this last one has started initiatives for riacquisire the control of the ship yard, that is situated in presses of the port of Topic.
18th August, in occasion of an encounter between the president of the Ghana, John
Evans Atta Mills, and the Prime Minister of Malaysia, Dato' Sri Mohd Najib Tun Abdul Razak, is agreed to lay by the property of the yard of Topic in the hands of the Republic of the Ghana being transferred them the entire quota 60% of the capital stock of PSCT stopped from BPS. The parts preview to conclude the transaction within the end of this year.
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