Ekuinas plans to list its OSV unit Icon Offshore in 2014

Imminent flotation: Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop (left) the firm aims to deliver a 20% growth on admiring a replica at the launch of Icon Offshore. Looking on are Ekuinas chairman Raja Tan Sri Arshad Raja Tun Uda (right) and Icon Offshore CEO Jamal Yusof. – STARpic by M. AZHAR ARIF

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has set a 2014 target to list its freshly-merged offshore supply vessel (OSV) unit Icon Offshore Bhd even though the company is “already eligible” to be on the market.

Ekuinas chief executive officer Datuk Abdul Rahman Ahmad said Icon Offshore had the necessary track record to be floated today, but the management feels it can maximise value by growing the company privately.