SCF Partners, through SCF-VIII, L.P., entered into a sale and purchase agreement to acquire 7.43% in Atlantic Navigation Holdings (Singapore) Limited (Catalist:5UL) from Wong Siew Cheong, Executive Chairman and Chief Executive Officer of Atlantic Navigation Holdings, for $6 million on October 28, 2015. Under the terms of agreement, Wong Siew Cheong agreed to sell 19.35 million shares of Atlantic Navigation Holdings. In a related transaction, SCF-VIII, L.P. agreed to subscribe to 67.74 million new shares of Atlantic Navigation on October 28, 2015. The transaction is subject to certain conditions.

SCF Partners, through SCF-VIII, L.P., cancelled the acquisition of 7.43% in Atlantic Navigation Holdings (Singapore) Limited (Catalist:5UL) from Wong Siew Cheong, Executive Chairman and Chief Executive Officer of Atlantic Navigation Holdings, on January 6, 2016.