Limestone Boats Acquires Ebbtide Holdings
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May 19, 2021
Limestone Boats said it completed its acquisition of Ebbtide Holdings, the manufacturer of the Aquasport and Boat Bay brands, the company
The purchase includes $3.75 million in cash and $2.5 million of Limestone common shares on the Toronto Venture Exchange.
Limestone plans to expand the production and the model range of the Boca Bay and Aquasport brands (top).
In addition, the builder brokered a private placement investment of $14 million to fund the cash portion of the acquisition and to provide working capital.
The Ontario-based company assumes control of Ebbtide’s 145,000-square-foot facility in White Bluff, Tenn. Limestone had relocated its manufacturing there
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Malaysia Shipowner’s Association (MASA) chairman Datuk Abdul Hak Md Amin
PETALING JAYA: The benefits of Malaysia’s cabotage policy for submarine cable repairs outweigh the shortcoming, especially in terms of protecting the country’s digital sovereignty, says the Malaysia Shipowners’ Association (Masa).
Its chairman Datuk Abdul Hak Md Amin said relying on foreign vessels to perform submarine cable maintenance every time was more likely to expose the country to possible data security threats.
“We have our own (digital) sovereignty to look into (even if) we have our own maintenance vessels. What more when our cable is out and the foreign vessels that come in (to do the repair) might take possession of our secured data. We don’t know.
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