henn364Henn Tan, Chairman Emeritus, Trek 2000. NextInsight file photoTrek 2000: "As the founder and major stakeholder, Mr Tan has brought the Group to where it was prior to his voluntary stepping down in early 2018.

"In the best interests of the Group’s long-term profitability and sustainability, the Board has written to the SGX on the re-appointment of Mr Henn Tan. Today, Trek is undergoing restructuring under a new management team and Mr Tan’s active involvement will help to ensure that this will be carried out successfully."

-- Page 2, Trek 2000 Annual Report FY2018.



Tanamoto4 8.2016Michio Tanamoto, executive chairman, Uni-Asia. NextInsight file photo.Uni-Asia Group: The Board intends to recommend and distribute dividends of not less than 35% and 40% of the Group’s consolidated net profit after tax (excluding non-recurring, one-off and exceptional items) of the financial years ending 31 December 2019 and 2020, respectively.

Such dividends are expected to be paid on a semi-annually basis, with effect from the second quarter of the financial year ending 31 December 2019.



Federal International (2000):  The integrated service provider and procurement specialist in the oil and gas, energy, utilities and infrastructure industries, inked a US$6.0 million procurement service agreement with Xtreme Subsea Solutions Sdn. Bhd. based in Malaysia and its wholly owned subsidiary, Xtreme Solutions (Labuan) Incorporated.

KKKoh6 5.10.2016KK Koh, executive chairman of Federal International. NextInsight file photoThe procurement service agreement will run for a period of 6 months starting from April 2019, with a potential additional variation order value of approximately US$2.0 million.

Federal is supporting Xtreme Subsea as its procurement specialist for plugging and abandonment of three subsea oil wells at the Dai Hung field in Block 05-1A in offshore Vietnam. The field spans 260 kilometres wide with water depths up to 110 metres. The field utilizes a Floating Production Unit which is connected to twelve subsea wells and the crude oil is offloaded to a Floating, Storage and Offloading Vessel.


You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings2.3500.030
Best World2.4600.010
Boustead Singapore0.9600.010
Broadway Ind0.1280.001
China Aviation Oil (S)0.905-0.005
China Sunsine0.410-
ComfortDelGro1.4900.010
Delfi Limited0.9000.005
Food Empire1.250-0.040
Fortress Minerals0.3100.005
Geo Energy Res0.310-
Hong Leong Finance2.5000.010
Hongkong Land (USD)3.0300.110
InnoTek0.525-
ISDN Holdings0.3050.010
ISOTeam0.0430.001
IX Biopharma0.043-
KSH Holdings0.250-
Leader Env0.050-
Ley Choon0.043-
Marco Polo Marine0.065-0.003
Mermaid Maritime0.138-0.001
Nordic Group0.3400.010
Oxley Holdings0.089-
REX International0.136-0.001
Riverstone0.800-0.005
Southern Alliance Mining0.430-0.020
Straco Corp.0.4900.005
Sunpower Group0.200-0.005
The Trendlines0.069-0.001
Totm Technologies0.022-
Uni-Asia Group0.835-
Wilmar Intl3.4500.040
Yangzijiang Shipbldg1.720-0.030
 

We have 1020 guests and no members online

rss_2 NextInsight - Latest News