EA Technique gets offer for 53% stake

PETALING JAYA: EA Technique (M) Bhd will see Tan Sri Abdul Rashid Abdul Manaf via Eco Offshore Services Sdn Bhd taking a 53% equity stake in the company for RM53mil.

This move is a part of EA Technique’s two phased regularisation plan which starts with the consolidation of 15 EA Technique shares into one followed by a proposed issuance of 53 million new shares, at RM1.13 per share, representing 60% of the enlarged share issuance to new shareholders.