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Offshore marine logistics & support svcs
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gho485
Senior |
14-May-2007 22:57
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Is tis counter a good buy? Wil it be another labroy marine. Need advice pls. I am hoping it wil raise wif the current oil px. |
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Nostradamus
Supreme |
01-May-2007 18:24
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Rose after being featured in a popular investment newletter over the weekend. Is it "The Edge"? Can somebody comfirm that? |
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Citysky
Member |
18-Apr-2007 21:58
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shaguar Member, you can have good update of company by reading <The Edge Singapore>. Weekly newspaper. Good quality paper for value. Yearly subscription only S$75.00 Last week have a big page covers this counter and men behind the show. |
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shaguar
Member |
12-Apr-2007 16:58
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oops sorry just found the link. Super overvalued counter just a lot of hype... |
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shaguar
Member |
12-Apr-2007 16:46
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Hi max, where did u get this statement from,or rather where can i find fresh announcements like that? Couldn't find it on the sgx website |
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maxliukt
Member |
12-Apr-2007 13:23
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Nylect Technology Limited (Company Registration Number: 199904364E) ______________________________________________________________________ STRATEGIC STAKE BY EZRA HOLDINGS LIMITED ______________________________________________________________________ The Board of Directors of the Company wishes to announce that main board listed Ezra Holdings Limited (Ezra) has today entered into a sale and purchase of shares agreement with Unique Counsel Limited, a controlling shareholder of the Company to acquire a strategic stake of 50,000,000 shares in the Company, (the ?Sale Shares?) representing 21.83% of the issued share capital in the Company (the ?Acquisition?). ACQUISTION TERMS AND RATIONALE The Company understands that the Sale Shares will be purchased at the price of S$0.331 per share, with aggregate consideration of S$16.55 million (the ?Sale Shares Consideration?). The Sale Shares Consideration was arrived on a willing-buyer willing seller basis. The Board of Directors is of the view that this acquisition will be beneficial to the Company and increase shareholders? value and has waived the moratorium under Unique Counsel?s subscription of shares agreement with the Company. SGX-listed EZRA Holdings (?EZRA? or the ?Group?) was listed on SESDAQ on 8 August 2003 and promoted to the Main board on 8 December 2005. The Ezra Group is experienced in the offshore oil & gas industry with its integrated range of support vessels for charter across a broad spectrum of the oil & gas offshore support supply chain. EZRA?s businesses are classified into offshore support and marine services. As at 5th April 2007, Ezra has a market capitalization of S$1.7 billion. Given Ezra?s expertise and experience, the Company believes that there will be complementary services and businesses between the two corporations. In this regard, Ezra?s wholly owned subsidiary, EMAS OFFSHORE PTE LTD (EMAS) has on 9 April 2007, entered into a Technical and Operations Support agreement with the Company, whereby EMAS shall provide technical management services to the Company pertaining to inter alia, personnel for the supervision the maintenance and upkeep of vessels, arrangement of the supply of towing gears, stores and spares and technical consultants. INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS Save as disclosed, none of the directors or the controlling shareholders of the Company has any interest, direct or indirect in the abovementioned Acquisition. BY ORDER OF THE BOARD Sim Hee Chew Executive Chairman 10 April 2007 |
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kovan8
Member |
21-Mar-2007 01:55
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Keep your radar on this stock, Nylect. It is under accumulation by the BB and ready to cheong soon. |
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zhuge_liang
Supreme |
21-Mar-2007 00:25
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It has incorporated a subsidiary ?Northern Offshore Pte Ltd? to diversify into the in-demand offshore marine logistics and support services sector. |
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