Navigator Raises Funds for Newbuilding Programme

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first_imgzoom Owner and operator of the world’s largest fleet of LNG tankers, Navigator Holdings Ltd. (Navigator) has raised $228 million after its initial public offering of 12,000,000 shares of its common stock priced at $19 per share.The offering was announced yesterday and Navigator expected to receive net proceeds of approximately $156.4 million from the offering.The company intends to use such proceeds to fund, with approximately $72.7 million, its purchase obligations for newbuilding vessels to be delivered in 2015. The remainder of the funds will be used for general corporate purposes, including if Navigator decides to exercise its option to purchase an additional newbuilding vessel.This would entail financing $17.6 million of the approximately $44.0 million required to purchase the option vessel.Navigator is offering 9,030,000 shares and certain selling shareholders are offering 2,970,000 shares of common stock. The shares began trading on the New York Stock Exchange today (November 21, 2013) under the ticker symbol “NVGS.”The selling shareholders named in the registration statement have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock.The offering is expected to close on November 26, 2013, subject to customary closing conditions. Print  Close 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 My location Navigator, November 21, 2013last_img read more

Deputy Minister says MRs portraits hang in Chinese companies

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He says this shows the Chinese have a special place in their hearts for Mahinda Rajapaksa as Rajapaksa has “sold” Sri Lanka to China.The Mahinda Rajapaksa led Government had signed several agreements with China including deals on highways, a port, airport, port city and other projects. (Colombo Gazette) A Government Deputy Minister today claimed that portraits of former President Mahinda Rajapaksa can be seen hanging in Chinese companies in China.Deputy Minister Ranjan Ramanayake said that during a visit to China he saw Rajapaksa’s portrait hanging in the office of a leading Chinese company.