Norwegian oil-services investment company Akastor has acquired Mitsui & Co’s interests in AKOFS Offshore, a vessel-based subsea well construction and intervention specialist, for $22.5m. The deal, including equity and shareholder loans, is set to close in the first quarter of 2025, pending regulatory approvals. Akastor will hold a 75% stake in AKOFS Offshore, with the remaining 25% stake owned by Mitsui OSK Lines, as the market dynamics in the subsea well intervention and installation sector are seen as increasingly compelling.
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Former Mediacorp star Phyllis Quek shares that she quit showbiz in 2012 to focus on her health and she has no regrets
Actress Phyllis Quek chose to halt her career to focus on her health due to gastric problems and sensitive skin, leading to her departure from Mediacorp in 2001. Despite wondering about her potential accomplishments if she continued in showbiz, she is now happily married to Australian businessman David Cox and enjoying a stable life. Quek, known for iconic roles in Mediacorp dramas, still receives recognition from fans and can be seen in Uniquely Ours on...
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