News

INTRODUCTION

We refer to the Company announcements dated 26th May 2016 and 30th June 2016 relating to the Change of Group Structure : Purchase of Shares in Mitra Angkasa Sdn. Bhd.(Company No.974404-T) by Sea Legend Shipping Sdn. Bhd. (Company No. 703278-W) (an indirect wholly owned subsidiary of the Company) from Malaysian Engineering and Oilfield Services Sdn. Bhd. (Company No. 476682-A) (“MEOS”) the remaining 499,999 Ordinary Shares and 2,500,000 Redeemable Preference Shares (“RPS”) in Mitra Angkasa Sdn. Bhd. for a total cash consideration of RM585,604 (Referred to as “the Acquisition”).

The Board of Directors wishes to announce that the proposed purchase had been concluded today.

This announcement is dated 30 August 2016

ABOUT THE COMPANY

SEALINK 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 operators 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 38 vessels, it can cater to a wide base of reputable clients in the various segments of the industry.