JAKARTA. PT Wintermar Offshore Marine Tbk (WINS) has granted corporate guarantee for a loan facility worth USD 6.5 million received by one of its subsidiaries, Fast Offshore Supply Pte. Ltd.

The management of WINS said that this facility is obtained by Fast Offshore from Chailease International Financial Services (Singapore) Pte. Ltd. (CIFS). Proportional to its portion in Fast Offshore, WINS could only grant guarantee of 27.41% of the total amount of loan.

The remainder is guaranteed by another shareholder of Fast Offshore, Seacoral Maritime Pte. Ltd.

For the record, Seacoral Maritime is the controlling shareholder of Fast Offshore with stock ownership of 64.44%, whereas WINS only owns another 27.41%.

However, it is worth mentioning that Seacoral Maritime and WINS share the same ultimate beneficial owner, Sugianto Layanto. He also takes office as President Director of WINS.

The loan facility will then be used to purchase new vessels. With extra help on the fleet, Fast Offshore is expected to generate higher income in the future. (KR/ZH)