Kim Heng Offshore

Kim Heng

"MAY 14, 2016 —Singapore listed Kim Heng Offshore & Marine Holdings Limited reports that a wholly-owned subsidiary has entered into a non-binding memorandum of understanding with the Iran Marine Fund to explore setting up a strategic partnership. Clarifying Iranian press reports, Kim Heng says that, under the MOU, the total value of the projects to be entered into could be up to an estimated EUR 400 million (about $452 million) over a period of 10 years." (May 2016)