HAFNIA LIMITED: Result of court hearing regarding the redomiciliation to Singapore
Hafnia (OSE: HAFNI, NYSE: HAFN) has announced the result of a court hearing regarding its proposed redomiciliation from Bermuda to Singapore. The Supreme Court of Bermuda has ordered a Scheme Meeting to be held on September 11, 2024, where shareholders will vote on the scheme of arrangement. Shareholders of record as of August 6, 2024, will be eligible to vote. The move is part of Hafnia's strategic plan to discontinue from Bermuda and continue in Singapore.
Hafnia, a leading tanker owner and operator with a fleet of about 200 vessels, provides integrated shipping services including technical management, commercial and chartering services, pool management, and bunker procurement. The company, part of the BW Group, employs over 4,000 people onshore and at sea, with offices in Singapore, Copenhagen, Houston, and Dubai.
Hafnia (OSE: HAFNI, NYSE: HAFN) ha annunciato il risultato di un'udienza giudiziaria relativa alla sua proposta di riorganizzazione da Bermuda a Singapore. La Corte Suprema delle Bermuda ha ordinato che si tenga una riunione del piano il 11 settembre 2024, durante la quale gli azionisti voteranno sul piano di disposizione. Gli azionisti registrati entro il 6 agosto 2024 saranno idonei a votare. Questo passo fa parte del piano strategico di Hafnia per abbandonare le Bermuda e proseguire a Singapore.
Hafnia, un'importante compagnia di armatori e gestori di petroliere con una flotta di circa 200 navi, fornisce servizi di navigazione integrati tra cui gestione tecnica, servizi commerciali e di noleggio, gestione pool e approvvigionamento di carburante. L'azienda, parte del Gruppo BW, impiega oltre 4.000 persone a terra e in mare, con uffici a Singapore, Copenhagen, Houston e Dubai.
Hafnia (OSE: HAFNI, NYSE: HAFN) ha anunciado el resultado de una audiencia judicial sobre su propuesta de redomiciliación de Bermuda a Singapur. La Corte Suprema de Bermuda ha ordenado que se celebre una reunión del esquema el 11 de septiembre de 2024, donde los accionistas votarán sobre el esquema de disposición. Los accionistas registrados hasta el 6 de agosto de 2024 serán elegibles para votar. Este movimiento es parte del plan estratégico de Hafnia para dejar Bermuda y continuar en Singapur.
Hafnia, un destacado propietario y operador de petroleros con una flota de aproximadamente 200 buques, proporciona servicios de transporte integrados que incluyen gestión técnica, servicios comerciales y de arrendamiento, gestión de pool y adquisición de combustible. La compañía, parte del Grupo BW, emplea a más de 4.000 personas en tierra y en el mar, con oficinas en Singapur, Copenhague, Houston y Dubái.
Hafnia (OSE: HAFNI, NYSE: HAFN)는 버뮤다에서 싱가포르로의 재도약에 관한 법원 심리 결과를 발표했습니다. 버뮤다 대법원은 설계 회의가 2024년 9월 11일에 열릴 것을 명령했으며, 주주들은 이 배치 계획에 대해 투표할 것입니다. 2024년 8월 6일까지 등록된 주주들은 투표할 수 있는 자격이 있습니다. 이번 조치는 Hafnia가 버뮤다에서 철수하고 싱가포르에서 계속하기 위한 전략 계획의 일환입니다.
Hafnia는 약 200척의 선박을 보유한 주요 유조선 소유자이자 운영자로, 기술 관리, 상업 및 차터 서비스, 풀 관리, 연료 조달 등 통합 선박 서비스를 제공합니다. BW 그룹의 일원인 이 회사는 싱가포르, 코펜하겐, 휴스턴, 두바이에 사무소를 두고 있으며, 육상 및 해상에서 4,000명 이상의 직원을 고용하고 있습니다.
Hafnia (OSE: HAFNI, NYSE: HAFN) a annoncé le résultat d'une audience judiciaire concernant sa proposition de redomiciliation des Bermudes à Singapour. La Cour suprême des Bermudes a ordonné qu'une réunion de plan ait lieu le 11 septembre 2024, où les actionnaires voteront sur le plan d'arrangement. Les actionnaires enregistrés au 6 août 2024 pourront voter. Ce mouvement fait partie du plan stratégique d'Hafnia pour cesser ses activités aux Bermudes et continuer à Singapour.
Hafnia, un important propriétaire et opérateur de pétroliers avec une flotte d'environ 200 navires, fournit des services d'expédition intégrés comprenant la gestion technique, des services commerciaux et de charter, la gestion de pool et l'approvisionnement en combustible. L'entreprise, membre du groupe BW, emploie plus de 4 000 personnes à terre et en mer, avec des bureaux à Singapour, Copenhague, Houston et Dubaï.
Hafnia (OSE: HAFNI, NYSE: HAFN) hat das Ergebnis einer Gerichtsverhandlung bezüglich seiner geplanten Umsiedlung von Bermuda nach Singapur bekannt gegeben. Der Oberste Gerichtshof von Bermuda hat eine Schema-Sitzung für den 11. September 2024 angeordnet, bei der die Aktionäre über das Arrangement abstimmen werden. Stimmberechtigt sind Aktionäre, die bis zum 6. August 2024 registriert sind. Dieser Schritt gehört zu Hafnias strategischem Plan, die tätigkeit in Bermuda einzustellen und in Singapur fortzusetzen.
Hafnia, ein führender Eigentümer und Betreiber von Tankern mit einer Flotte von etwa 200 Schiffen, bietet integrierte Versanddienstleistungen an, darunter technische Verwaltung, kommerzielle und Charterdienste, Pool-Management sowie Beschaffung von Bunker. Das Unternehmen, das Teil der BW-Gruppe ist, beschäftigt über 4.000 Mitarbeiter an Land und auf See und unterhält Büros in Singapur, Kopenhagen, Houston und Dubai.
- Court approval for holding the Scheme Meeting, indicating progress in the redomiciliation process
- Large fleet of approximately 200 vessels, suggesting significant market presence
- Diversified operations with integrated shipping services
- Global presence with offices in major shipping hubs
- Potential regulatory and operational changes due to redomiciliation may impact short-term operations
Insights
The court's decision to proceed with the Scheme Meeting for Hafnia 's redomiciliation is a significant corporate governance event. This move from Bermuda to Singapore could have substantial implications for shareholders and the company's regulatory environment. The September 11, 2024 meeting date gives shareholders adequate time to consider the proposal. It's important to note that this redomiciliation may impact taxation, corporate laws and shareholder rights. Singapore's reputation as a major shipping hub could potentially benefit Hafnia, but shareholders should carefully review the explanatory statement to understand the full implications of this change. The court's involvement ensures procedural fairness, but doesn't guarantee the outcome. This move requires shareholder approval, making their participation in the Scheme Meeting critical.
Hafnia's proposed redomiciliation from Bermuda to Singapore is a strategic corporate move that could have mixed financial implications. Singapore's favorable tax regime and strong maritime ecosystem could potentially enhance Hafnia's operational efficiency and reduce costs. However, the transition process might incur short-term expenses. Investors should watch for any changes in financial reporting standards or corporate governance that could affect valuation metrics. The company's large fleet of about 200 vessels and its integrated shipping platform position it well in the tanker market. With offices in key global locations and backing from the BW Group, Hafnia appears to have a solid foundation for growth. Shareholders should carefully evaluate how this move aligns with the company's long-term strategy and potential for value creation.
On 5 August 2024 the Supreme Court of
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.
As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in
Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240805929454/en/
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
Source: Hafnia Limited
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