equanimity yacht sold

It comes after Genting Malaysia Bhd made the $126m (£95.9m) successful bid for the yacht. Malaysia’s Attorney General, Tommy Thomas, announced this in a statement on Wednesday morning (April 3). "Although the Winterbothams' market price evaluation of the Equanimity at USD$130mil (RM530.46mil) was not reached, the net returns to the government is as good, if not more than envisaged," Thomas was cited as saying. Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. “The Government of Malaysia is pleased to announce that the Superyacht Equanimity is to be sold to Genting Malaysia Bhd or its special purpose vehicle (SPV) company at the price of US$126 million. Equanimity, the 300-foot (90-metre) luxury yacht worth 250 million USD that belonged to Jho Low, a flamboyant international financier who allegedly played a central role in the 1MDB controversy that has engulfed former prime minister Najib Razak, arrives in Port Klang outside of Kuala Lumpur on August 7, 2018. It was seized by the Malaysian authorities in 2018, judicially sold to the Genting Group in early 2019, and renamed Tranquility. Following months of negotiations and a sealed-bid process handled by the Malaysian government, the 91.5-metre Oceanco motor yacht Equanimity’s sale is finalised as the vessel is now operating under her new name; Tranquility. Notably, since the offer by Genting was negotiated directly with the Government of Malaysia, no agency commission is payable, thus resulting in savings of around $4.4 million.Photo: Burgess, Despite the publicity the vessel has been receiving over recent months, Tranquility remains one of the most private vessels in the Oceanco fleet and since her delivery in 2014 has spent much of her time under the radar. The Equanimity, a 91.5-meter luxury yacht, was sold on Wednesday to Genting Malaysia for $126 million, the Malaysia-based publication cited Attorney General Tommy Thomas as …

No ordinary yacht, the Equanimity may well be considered an object that is at the height of luxury. In October, the High Court of Malaya decreed that the yacht is the possession of 1MDB and the government of Malaysia since it was unclaimed by its registered owner. Read more about the sale of Jho Low's yacht, Equanimity, in The Star's report. All Rights Reserved. "The Mahathir Government has shown that they are prepared to trash the value of the Equanimity in a misguided attack on their political opponents," they said. Jho Low’s super yacht Equanimity sold for US$126 million The yacht has been sold to Genting Malaysia Berhad and the purchase was made directly from … “The Government of Malaysia is pleased to announce that the Superyacht Equanimity is to be sold to Genting Malaysia Bhd or its special purpose …

© 2020 CNBC LLC. Amongst several entertainment and hospitality enterprises across Asia, the Genting Group runs Resorts World Sentosa on the island city-state of Singapore where superyacht Tranquility is currently moored. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report. A superyacht allegedly bought with stolen money from Malaysia's scandal-hit state investment fund 1Malaysia Development Berhad (1MDB) is set to be sold at a discounted price to casino operator Genting, The Star newspaper reported Wednesday. When the Government of Malaysia seized the yacht last year, Mr Low issued a statement on what it called its “illegal seizure.”, “STATEMENT REGARDING THE MALAYSIAN AND INDONESIAN GOVERNMENTS’ ILLEGAL SEIZURE OF THE YACHT EQUANIMITY – 04 AUGUST 2018. Malaysia has been eager to sell the yacht, as the government is spending almost US $500,000 (S$ 677,000) for its monthly maintenance costs. Genting will be paying for the yacht by the end of this month. The offer from Genting was the best offer the Malaysian government had received over the five months since Equanimity was put up on sale, The Star Online said. The event stars the recently lau... We are proud to present our new game-changing virtual yachting world: SuperYacht Times 3D (SYT 3D). A star-studded, scandal: Jho Low's $5 billion heist. The yacht was allegedly purchased by Malaysian financier Jho Low using money stolen from the Malaysian sovereign wealth fund 1MDB. Bidding for the sale of the yacht has begun, with interested parties being required to put down a US$1 million deposit. It can accommodate 22 passengers, as well as the 31 crew members serving those guests. Petaling Jaya—Equanimity, the luxury superyacht that belonged to the fugitive financier at the heart of the 1MDB scandal, Low Taek Jho, has been sold for US$126 million (S$170.6 million, RM514 million) to Genting Malaysia Bhd. The company made the best offer on the yacht in the five months that it has been on the market since October 2018, although it is somewhat lower than the market price evaluation made by Winterbothams at US$130 million.

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