Offshore marine services provider Petra Perdana Bhd (PPB) announced today that it has received interest from Nam Cheong Dockyard Sdn Bhd to subscribe for the placement of 10 per cent of its shares.
In a filing to Bursa Malaysia today, PPB said it had decided to place out the placement shares to Nam Cheong as it considered the company as a potential strategic investor that could benefit the group in the long term.
"Nam Cheong has access to shipyard capacity in Malaysia and in China which PPB can utilise for its current fleet requirements and future expansion," the group said.
PPB said it could also leverage on the strength of Nam Cheong to tap into the more lucrative business segment of vessels in the offshore marine industry.
Information on the exercise will be tabled to shareholders at the annual general meeting scheduled on June 28, 2010. -- BERNAMA
How can I make so much money from the stock market? Koon Yew Yin
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Another valuable advise by KYY on investing in share market.
*How can I make so much money from the stock market? Koon Yew Yin*
Author: Koon Yew Yin | Publi...
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