MPF Inks MOU with Keppel to Complete Vessel, Restructuring in Progress

MPF Corp. Ltd. has reported that the announced restructuring/sales process being mandated to Pareto Securities is progressing. The Company is in dialogue with interested parties who want to purchase the MPF 01 project or the major equipment packages.

The short term funding to secure the continuation of the project while progressing the sales process has been secured by existing leaders.

The Company has signed a Memorandum of Understanding with Keppel Shipyard, which will undertake the completion and commissioning of the vessel. The final contract is expected to be signed shortly.