VLGC proprietor BW LPG has moved to change its company domicile to Singapore.
The Oslo-listed BW Group firm is looking on shareholders to vote on the transfer from Bermuda on the annual common assembly on Could 15.
Below Singapore legislation, the switch of domicile can be a direct re-domiciliation from Bermuda, and the BW LPG would have the identical property and liabilities as previous to redomiciling, the corporate stated in a submitting, including that no modifications to the board of administrators or administration would happen.
The corporate’s new registered workplace following the re-domiciliation can be the present BW LPG workplace tackle in Singapore. BW LPG would stay listed in Oslo and the transfer wouldn’t have an effect on the voting rights of the shares.
BW LPG is the world’s high proprietor and operator of liquefied petroleum gasoline (LPG)-powered very giant gasoline carriers. Out of 42 ships, 16 are able to working on LPG.
