EATECH

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS E.A. TECHNIQUE (M) BERHAD ("EATECH" OR THE COMPANY") (I) PROPOSED NKT DISPOSAL; (II) PROPOSED NMH DISPOSAL;AND (III) PROPOSED NMR DISPOSAL (COLLECTIVELY, THE "PROPOSED DISPOSALS")

E.A.TECHNIQUE (M) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
E.A. TECHNIQUE (M) BERHAD ("EATECH" OR THE COMPANY")

(I) PROPOSED NKT DISPOSAL;
(II) PROPOSED NMH DISPOSAL;AND
(III) PROPOSED NMR DISPOSAL

(COLLECTIVELY, THE "PROPOSED DISPOSALS")

On behalf of the Board of Directors of EATECH, Thinkat Advisory Sdn Bhd wishes to announce that the Company intends to seek shareholders’ approval for the following at a general meeting to be convened:

 

(i) Proposed disposal of a marine vessel, namely Nautica Kota Tinggi, to Petrolem Gulf Energy Trading LLC for a total cash consideration of USD4.65 million (“Proposed NKT Disposal”);

 

(ii) Proposed disposal of a marine vessel, namely Nautica Maharani, to a non-related third party to be identified later for a total cash consideration of at least USD4.00 million (“Proposed NMH Disposal”); and 

 

(iii) Proposed disposal of a marine vessel, namely Nautica Muar, to a non-related third party to be identified later for a total cash consideration of at least USD4.86 million (“Proposed NMR Disposal”).

 

(Collectively, referred to as the “Proposed Disposals”)

 

Further details on the Proposed Disposals are as attached.

 

This announcement is dated 5 August 2022.




Please refer attachment below.



Announcement Info

Company Name E.A.TECHNIQUE (M) BERHAD
Stock Name EATECH
Date Announced 05 Aug 2022
Category General Announcement for PLC
Reference Number GA1-05082022-00066