Austal LimitedASX: ASB

Sale of Stock Boat and Customisation Contract Award

Feb 10, 2016 at 8:19 PM EST · Issued by Austal Limited

Filed with ASX · Feb 10, 2016 at 8:19 PM EST · 3 pages · English

Summary by 6ix AI

Austal Limited has announced the completion of the sale of a stock vessel, enhancing its capital flexibility. The proceeds from the sale will be used to reduce infrastructure-related debt and support the company's significant order book. The vessel is expected to be delivered for operations in the English Channel in the following year.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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