Astika Holdings Set to Complete Nantong Dredging Acquisition

Astika Holdings updates its shareholders on the progression of the previously announced Nantong Dredging acquisition.

Astika Holdings, Inc., is near completion in finalizing the terms of the acquisition and estimates the final terms of the acquisition to be announced to the shareholders by the end of this month.

Mark Richards, the director for Astika Holdings said: “We believe to be on track with Astika in agriculture as well by focusing on Nantong’s companies that lower associated costs, increase the yield and benefit Asia, New Zealand and the world markets. We are excited about the potential growth of this initial acquisition for Astika Holdings since China is the largest dredging market in the world with more than 29% of the $15bn total global dredging world market and look forward to accelerating our future acquisition plans.”

The Company has begun the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.

Related:

Astika Holdings to Begin Negotiations with Nantong Dredging

Press Release, March 13, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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