TEN Ltd Sells Two Suezmax Tankers; Transaction To Release Over $100M To Cash Reserves
TEN Ltd (NYSE: TEN). Following the recent delivery of the shuttle tanker Anfield from Samsung shipyard in South Korea in late July, TEN announced today the sale of two 2006-built Suezmax tankers. This transaction will
TEN Ltd sold two older ships and will get over $100 million in cash from the sale. When a company sells assets and adds cash, it can use that money to pay bills, invest in the business, or share with owners—so watch if they announce what they'll do with it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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