Sea Diamond owner receives compensation

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Louis Public Co. Ltd. (LUI) announced that the owner company of the sunken vessel ‘Sea Diamond’ received the insurance compensation amounting to USD 55 mln.The owner company of the ‘Sea Diamond’ initially made a USD 55 mln loan from DVB Bank and with the above insurance compensation will effectively repay the loan owed to DVB Bank. There will be no effect in the Company’s financial results from this transaction.

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