Proposed feasibility study for the listing of the shipbuilding division.
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Refer to the details of the announcement below:
Announcement Details :
The Board of Directors of Sealink International Berhad ("SEALINK") is pleased to announce that SEALINK has agreed to engage advisors for the feasibility study to list its shipbuilding division.
We are currently considering several locations for the listing and further details on the findings of the feasibility study will be announced in due course.
This announcement is dated 31 May 2010.
ABOUT SEALINK GROUP
SEALINK Group is an Integrated Service Provider which builds, owns and operates a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. Being one of the largest tug and barge operator in Malaysia for the oil and gas industry, it is now strengthening its position to be the major provider for offshore marine support vessels for other niche areas in the industry.
It has a young fleet of offshore marine support vessels predominantly focused on and used in the offshore oil & gas industry. With its diverse fleet of 33 vessels, it can cater to a wide base of reputable clients in the various segments of the industry.