PETALING JAYA: Kulim (M) Bhd has proposed to list its shipping arm E.A. Technique (M) Bhd after undertaking an internal restructuring where its subsidiary Sindora Bhd will buy over a portion of shares from two minorities.
In an announcement to Bursa Malaysia, diversified company Kulim said its fully-owned subsidiary Sindora has proposed to buy 14.4% of E.A. Technique from Datuk Abdul Hak Mohd Amin and Datin Hamidah Omar for RM30.29mil to pave the way for the ship-owner and operator of marine vessels to be listed on the Main Market of Bursa.
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