E.A. Technique (M) Berhad is a local marine company that owns and operates marine vessels where its business is focused on marine transportation and offshore storage of oil & gas (“O&G”), and provision of port marine services.
The Company is involved in the charter of various types of tankers for the transportation and offshore storage of oil & gas, charter of marine tug vessels for the provision of port marine services and charter of Offshore Support Vessels (“OSV”) in the form of fast crew boats to transport personnel/light cargoes between shore and platform, platform and platform and other offshore facilities.
As at 31 March 2023, the Company owns a total fleet of twenty-nine (29) marine vessels in our portfolio, which comprises two (2) product tankers, two (2) Floating Storage & Offloading Unit (“FSU/FSO”), nine (9) OSVs and sixteen (16) marine vessels.
Its marine transport and Floating Storage Unit / Floating, Storage and Offloading Vessel (FSU/FSO) business will generate good revenue for the company in the next q
The regularisation plan involves the issuance of up to 795.75 million new shares and the exemption of businessman Datuk Wira Mubarak Hussain Akhtar Husin and Voultier Sdn Bhd (VSB) from the obligation to make a mandatory takeover offer. The offer will raise RM79.6 million, representing approximately 60% of EA Technique’s enlarged share capital.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LicherTS
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Posted by LicherTS > 2024-06-06 17:02 | Report Abuse
@Iamchops548 as long EATECH haven't leave pn17, then you are actually right