EA TECHNIQUE (M) BERHAD

EA Technique (M) Berhad ("EATech") is principally a provider of marine transportation, port marine services and is also involved in ship building, repair and minor fabrication at several ports in Malaysia.

Since Kulim's investment in EA Tech (via Sindora Berhad) back in 2006, the company has consolidated its position as a significant player in Malaysia's O&G industry and related services segment. As at the end of FY 2014 EA Tech operated a fleet of 31 marine vessels, of which 22 are self-owned, with the rest charted out to external parties consisting of oil majors and trading houses such as PETCO, and PETRONAS Dagangan. The company also has a FSU used to support offshore production platforms, two (2) Liquefied Petroleum Gas ("LPG") tankers as well as 16 tug boats and five (5) mooring boats.

EA Tech was listed on the Main Market of Bursa Securities on 11 December 2014 with the objective of the listing exercise was to allow the investing community to participate in EA Tech's equity and continuing growth as well as enable the company to gain recognition and corporate stature through its listing.

The company has already secured a firm contract for the FSO. The company has an order book of RM 2.0 billion that will keep it busy until 2025. PETRONAS accounts for 55% of its order book with the rest from local O&G companies and its joint-venture with US O&G company and a local port operator.