EA Technique offering for sale 129m shares under IPO

  • Business
  • Monday, 24 Nov 2014

KUALA  LUMPUR: EA Technique (M) Bhd, which is seeking to list on the Main Market of Bursa Malaysia, is offering for sale a total of 129 million shares at an issue price of 65 sen.

According to the prospectus issued on Monday, the IPO comprises of 114 million new shares and the sale of 15 million existing shares.

The company, which owns and operate vessels and also provides services to the oil and gas industry, said of the 114 million new shares, it would offer 25.20 million shares to the public while 78.8 million shares are to be placed out and 10 million shares offered to eligible directors and employees.

The shareholders of EA Technique are offering for sale 15 million existing shares which would be placed out to institutions.

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