Posted by messi > 2013-11-07 11:56 | Report Abuse

q at 50sen...please come get it

Posted by iqie > 2013-11-07 12:30 | Report Abuse

It worth more than 50 sen. Ini company dah melabur dalam sektor o&g melalui mitra angkasa, mitra angkasa pun dah beli kapal dari sealink yg berharga 15.8 juta. Tunggu sahaja Q report keluar dan kita lihat pelaburan sealink dalam mitra angkasa berbaloi atau tidak.

Posted by messi > 2013-11-07 12:40 | Report Abuse

iqie, terima kasih for the info

Posted by qwer1234 > 2013-11-07 12:46 | Report Abuse

Type : Announcement
Subject : OTHERS



Description : PROPOSED INVESTMENT IN NEW SUBSIDIARY




Announcement Details/Table Section :









INTRODUCTION

The Board of Directors of Sealink International Berhad (Company No. 800981-X) ("SEALINK" or "the Company") is pleased to announce that on the 22nd February 2013, Sea Legend Shipping Sdn Bhd (Company No.703278-W) (“Sea Legend”), a wholly owned subsidiary of SEALINK, has entered into a shareholders’ agreement to purchase 50% equity interest in Mitra Angkasa Sdn Bhd (Company No. 974404-T) (“Mitra Angkasa”) (“Proposed Investment”).



DETAILS OF THE PROPOSED INVESTMENT




Mitra Angkasa is a limited company incorporated in Malaysia on 09 January 2012 and the authorized share capital and issued and paid up share capital of Mitra Angkasa is RM100,000. Mitra Angkasa had been awarded a long term contract for the charter of an offshore support vessel for the period from 01 September 2012 to 24 October 2014, with options for renewal for another three years. The total contract value for the charter contract (excluding options for renewal) are approximately RM11 million.




The current shareholder of Mitra Angkasa is Malaysian Engineering and Oilfield Services Sdn Bhd (Company No. 476682-A (“MEOS”).




Mitra Angkasa has also entered into a contract to purchase an offshore supply vessel from SEALINK for a sum of RM15,800,000. This vessel will be used to replace the vessel currently chartered from SEALINK for the contract.




Upon satisfactory completion of the due diligence, Sea Legend shall purchase 50,000 ordinary shares representing 50% equity interest in Mitra Angkasa Sdn Bhd (“Mitra Angkasa”) for a total cash consideration of RM50,000 (“Proposed Initial Investment”).




In addition to the Proposed Initial Investment, Sea Legend and MEOS shall subscribe for 450,001 and 449,999 ordinary shares of RM1 each at par, for a cash consideration of RM450,001 and RM449,999 respectively in Mitra Angkasa. Sea Legend and MEOS are also required to subscribe up to Three Million Five Hundred Thousand (RM3,500,000) redeemable preference shares at par, at an interest rate of 9.1% per annum in Mitra Angkasa in proportion to their respective shareholdings.




RATIONALE FOR THE PROPOSED INVESTMENT




Mitra Angkasa was incorporated to undertake the provision of providing services to the oil and gas industry. The Proposed Investment provides an opportunity for SEALINK to immediately expand its chartering and shipbuilding business.



CONDITIONS FOR THE PROPOSED INVESTMENT




The Proposed Investment is subject to the SEALINK’s satisfactory due diligence review of Mitra Angkasa and the long term contracts secured by Mitra Angkasa.




Upon satisfactory completion of the due diligence, Sea Legend shall purchase and subscribe for the ordinary shares and preference shares respectively in Mitra Angkasa.



EXPECTED TIMEFRAME FOR COMPLETION




Barring unforeseen circumstances, the Proposed Investment shall be completed before the second quarter of 2013.




SOURCE OF FUNDS




SEALINK’s total expected cost of investment of RM2,250,000 shall be funded by internally generated funds.



FINANCIAL EFFECTS




The Proposed Investment secured are expected to contribute positively to the earnings and net assets of SEALINK for the financial year ending 31 December 2013 and beyond. Notwithstanding this, the above are not expected to have any material effects on the share capital and shareholding structure of the Company.














DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS




None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the Proposed Investment.




DIRECTORS' STATEMENT




The Board of Directors of SEALINK, having considered all factors is of the opinion that the Proposed Investment are in the best interest of the Company.




This announcement is dated 22nd February 2013



ABOUT THE COMPANY




SEALINK is an Integrated Service Provider which builds, owns and operates a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. Being one of the largest tug and barge operators in Malaysia for the oil and gas industry, it is now strengthening its position to be the major provider for offshore marine support vessels for other niche areas in the industry.




It has a young fleet of offshore marine support vessels predominantly focused on and used in the offshore oil & gas industry. With its diverse fleet of 40 vessels, it can cater to a wide base of reputable clients in the various segments of the industry.















Presently, SEALINK owns two shipyards located in Miri, Sarawak. The two shipyards have the capacity to construct up to 17 vessels a year.

Posted by messi > 2013-11-07 12:51 | Report Abuse

Business more or less same as TAS offshore....hopefully its share price also follow TAS in near future.

Posted by iqie > 2013-11-07 12:57 | Report Abuse

Cuba google siapa director yang baru dilantik bulan 8 tempoh hari iaitu DATO SEBASTIAN TING CHIEW YEW, siapa dia ? Apa jawatan dia dalam BN ?

Posted by hugosim > 2013-11-07 19:45 | Report Abuse

just a small potato, will not effect the share price

Posted by EVEL > 2013-11-08 09:48 | Report Abuse

fly sealinkkk!!

Posted by Jyen > 2013-11-08 11:07 | Report Abuse

It's moving now....

Posted by yeechachoon > 2013-11-08 11:13 | Report Abuse

sealink going to hit 0.50!!!

Posted by messi > 2013-11-08 11:15 | Report Abuse

fly high to meet up with TAS

Posted by StockLearner > 2013-11-08 17:08 | Report Abuse

Monday is a good show...

Posted by hugosim > 2013-11-08 19:54 | Report Abuse

yoyo, good show is making

Posted by messi > 2013-11-08 22:05 | Report Abuse

no more a 1-nite stand counter.......more to come......please follow the footstep of TAS.

Posted by hugosim > 2013-11-08 22:59 | Report Abuse

barcelona VS arsenal, who won the game

Posted by iqie > 2013-11-09 00:00 | Report Abuse

http://www.arsenal-world.co.uk/head_to_head/arsenal/vs/barcelona/index.shtml

If Arsenal Win,Sealink will limit UP ! ha ha.

Posted by terenceywk > 2013-11-10 12:23 | Report Abuse

Sealink is a big player in oil and gas industry in Malaysia and the trend for oil and gas is expected to be continually booming regionally in east Malaysia, and it has given sealink the advantage to capture the upraising market. The Oil and gas is expectably be great for the next few year ahead. besides, sealink has the shipbuilding and repair facilities and one of the biggest shipyard in Sarawak. The share price can be great ahead.

Posted by hugosim > 2013-11-10 19:20 | Report Abuse

tonite arsenal VS MU......great show

Posted by iqie > 2013-11-11 09:31 | Report Abuse

Arsenal lose, price will drop a bit.

Posted by hugosim > 2013-11-11 19:12 | Report Abuse

haha, u r rite

Posted by iqie > 2013-11-12 09:24 | Report Abuse

Semalam Rsi > 70 , jatuh kejap, nanti naik balik la.

Posted by BroStockTrader > 2013-11-13 10:52 |

Post removed.Why?

Posted by messi > 2013-11-14 10:08 | Report Abuse

sailing...

Posted by iqie > 2013-11-14 13:02 | Report Abuse

cepatlah Q result keluar, minta2 ada div.. ^_^

Posted by kevin > 2013-11-15 16:38 | Report Abuse

low volume possible all waiting for Q result....must be good.

Posted by iqie > 2013-11-19 17:23 | Report Abuse

Q report dah keluar, pendapatan meningkat, untung turun sikit je, NTA naik, skrg 90 sen ! Apa reaksi pelabur agaknya ?

Posted by shlang17 > 2013-11-19 23:31 | Report Abuse

no reaksi

Posted by iqie > 2013-11-20 10:32 | Report Abuse

Dah baca report, good prospect, dua kapal AHT dah start making money... Next year maybe can reach RM 1.

Posted by Ng MC Angie > 2013-11-20 18:22 | Report Abuse

Tapi harga keep turun

Posted by Yunnan > 2013-11-20 22:02 | Report Abuse

Price already drop almost 20% from the peak of 0.49

Posted by Yunnan > 2013-11-20 22:03 | Report Abuse

Can start accumulate if you all believe the prospect

Posted by iqie > 2013-11-21 11:47 | Report Abuse

low volume... probably sideway until CNY...

Posted by iqie > 2013-11-26 04:22 | Report Abuse

dapat jual 3 kapal terpakai melebihi nilai pasaran, untung kasar dalam 2 juta lebih, ok la..

Posted by shlang17 > 2013-11-26 20:43 | Report Abuse

INTRODUCTION

The Board of Directors of Sealink International Berhad ("SEALINK" or "the Company") is
pleased to announce that SEALINK Group had secured contracts for disposal of three
(3) vessels for a total consideration of approximately RM18 million.

DETAILS OF THE CONTRACTS

On 24 October 2013, Midas Choice Sdn Bhd (646673-H) and Sutherfield Resources Sdn
Bhd (467227-T), wholly owned subsidiaries of SEALINK, secured contracts for the
disposal of two (2) existing vessels to an overseas purchaser for a total cash
consideration of USD2.3 million. On 4 November 2013, Euroedge Sdn Bhd (571944-T),
a wholly owned subsidiary of SEALINK secured a contract for the disposal of another
vessel for a total cash consideration of USD3.5million to the same overseas purchaser.
On 22 November 2013, Euroedge Sdn Bhd received the downpayment for the disposal
of the vessel.

Posted by eric345685 > 2013-11-27 18:28 | Report Abuse

rebound rebound

Posted by Hustle > 2013-11-28 14:00 | Report Abuse

Sealink just abandon ship,cash in!!

Posted by smalltimer > 2013-11-29 15:21 | Report Abuse

this tug-boat say I can....this tug-boat say I can

Posted by Yunnan > 2013-12-03 21:39 | Report Abuse

ship is sinking

Posted by Yunnan > 2013-12-05 21:49 | Report Abuse

Today recovery is not strong enough

Posted by alvint > 2013-12-11 11:21 | Report Abuse

no vol..

Posted by hybrid2013 > 2013-12-16 17:48 | Report Abuse

sleeping till next qtr2014

Posted by Ng MC Angie > 2013-12-27 23:56 | Report Abuse

When is d up time

Posted by smalltimer > 2014-01-02 14:04 | Report Abuse

co juz apply to change name to Sea Liow Bhd

Posted by Terry Kok > 2014-01-08 11:42 | Report Abuse

coming

Posted by messi > 2014-01-08 11:46 | Report Abuse

hahaha, wait til the cows come home

Posted by Yunnan > 2014-01-11 20:10 | Report Abuse

Start accumulating

Posted by msmy > 2014-02-07 15:52 | Report Abuse

dont miss a boat....

Posted by Yunnan > 2014-02-07 18:06 | Report Abuse

come already. Hope the uptrend will continue next week

Posted by shashasamin > 2014-02-10 11:32 | Report Abuse

0.430 strong support. yeah, accumulate!! ;D

Posted by hattorihanzo > 2014-02-10 17:50 | Report Abuse

sealink is looking set to burst through the ceiling :)