January 6, 2017 / 11:53 AM / 7 months ago

BRIEF-Great Eastern Shipping's unit approves acquiring full ownership of its Singapore unit

1 Min Read

Jan 6 (Reuters) - Great Eastern Shipping Company Ltd

* Says unit approved acquiring full ownership of its singapore subsidiary, Greatship Global Energy Services Pte. Ltd

* Says proposed acquisition expected to have only a very marginal (if any) impact on cash flow

* Says proposed acquisition does not offer any benefit to promoters, promoter group companies in any way

* Says GIL currently owns a partial stake in GGES, with rest being held by Greatship Global Holdings Ltd., Mauritius ("GGHL")

* Says GIL currently owns a partial stake in GGES, with rest being held by Greatship Global Holdings Ltd., Mauritius ("GGHL") Source text: bit.ly/2iIHpta Further company coverage:

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