Legend Shipping completes acquisition of Tank subsidiary

On 11 December 2018, Legend Shipping completed the final tranche of the acquisition of Legend Tank, a private company and Legend subsidiary co-owned by Mr Reynard Ong Purnata.

Mr Ong is part of the Purnata family which owns PT. Djasa Bahari, an Indonesian shipping company established in 1967 with diversified interests in logistics and supply chain.

Legend Shipping has bought out the remaining shares of Legend Tank from Mr Ong, to become a wholly-owned subsidiary of Legend Shipping Pte Ltd.

Commenting on this important milestone, Legend Group MD Mr CK Than said “This acquisition will enable us to bring forward the strategic plan in a unilateral effort."