Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.10
Par Value: RM0.50

Dates:
Offer Period Open: 23-10-14
Offer Period Close: 29-10-14
Tentative listing date: 10-11-14

Number of shares:
Public Issue: 14,694,000
Offer for Sale: 5,890,000
Private Placement: 46,006,000

Stock Code: CARIMIN

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

I. PUBLIC ISSUE OF 60,700,000 NEW ORDINARY SHARES OF RM0.50 EACH (“SHARES”) IN THE FOLLOWING MANNER:

• 11,694,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
• 3,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES; AND
• 46,006,000 NEW SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS;

AND

II. OFFER FOR SALE OF 5,890,000 EXISTING SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS

AT AN ISSUE/OFFER PRICE OF RM1.10 PER SHARE, PAYABLE IN FULL UPON APPLICATION

Company Overview

Established in 1989, CARIMIN evolved to become one of the pioneer companies providing technical and engineering support services in the Oil and Gas Industry in Malaysia.

CARIMIN specializes in engineering, scheduled/work pack development, procurement, structural/piping fabrication, electrical/instrumentation installation, pre-commissioning and commissioning activities. This includes the deployment of marine vessels such as work barges, accommodation vessels, crew boats, anchor handling tugs, etc.

The business for the company grew steadily over the past decade from being a manpower service provider to a dynamic and emerging contractor in integrated maintenance, rejuvenation, hook-up and commissioning of onshore/offshore for the Oil and Gas support industries.

The competency lies in offering unique and feasible solutions to achieve the desired results in accordance with the Client's expectations. As of 2014, CARIMIN has amassed and completed projects valued more than RM 1 billion since its inception and among notable portfolio of clients include oil giants PETRONAS Carigali, Shell, Murphy Oil, Talisman, Exxon Mobil, New Field, Petrofac, HESS and Nippon Oil.

Address & Contact:

B-1-6, Megan Avenue 1,
189, Jalan Tun Razak,
50400 Kuala Lumpur

Tel No : +603 2168 7000
Fax No: +603 2171 1792
Website: http://www.carimin.com