KUALA LUMPUR: EA Technique (M) Bhd today signed an underwriting agreement with RHB Investment Bank Bhd for its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia.
In a statement here today, EA managing director Datuk Abdul Hak Md Amin said the signing of the agreement would bring the company a step forward towards listing on Bursa Malaysia.
RHB Investment Bank is the company’s principal adviser, underwriter and placement agent for the exercise.
On Sept 3, the Securities Commission Malaysia approved EA Technique’s proposed IPO which involved 129 million ordinary shares of 25 sen each.
It also comprised an offer for sale of 15 million existing shares and a public issue of 114 million new shares.
The company owns and operates marine vessels, provides offshore storage of oil and gas as well as port marine services. -- BERNAMA