SINGAPORE-listed Baker Technology yesterday announced that it will sell its remaining 49 per cent stake in its associated company, York Transport Equipment (Asia) Pte Ltd, to TRF Ltd for $22.18 million.
BAKER Technology's independent auditors have issued a qualified opinion on the group's 2011 financial results, highlighting the $15.8 million dividend that Baker booked from its subsidiary, PPL Shipyard (PPLS), in 2010.
SHAREHOLDERS of Baker Technology have approved a deal to sell an indirect stake in a shipyard to Yangzijiang Shipbuilding despite the firm's ongoing legal dispute with Sembcorp Marine (Semb-Marine), which opposes the deal.
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