PEC secured a contract win worth ~S$132m for a refinery project in the Middle East, which is scheduled to complete by Apr-16.
Technics Oil and Gas Limited’s associate company won contracts worth S$7.2m for works related to SW and Ballast systems for a Singapore customer.
Tee International is expanding into the energy business and makes its first foray into the Philippines by subscribing to a 21.05% stake in PowerSource Philippines for ~S$4.87m.
Showing posts with label PEC Limited (IX2). Show all posts
Showing posts with label PEC Limited (IX2). Show all posts
Feb 9, 2015
Jan 26, 2012
PEC EGM resolution for share buyback.
Background:
PEC Ltd. ("PEC" or the "Group") is a specialist engineering group servicing the oil and gas, petrochemical, oil and chemical terminal, and pharmaceutical industries. Our two core business activities are project works (currently being carried out in Singapore, Malaysia, Thailand, Indonesia, Vietnam, the PRC and the Middle East) and maintenance services (currently being carried out in Singapore and the PRC).
Seek Share BuyBack Mandate.
• EGM resolution for share buyback
• Potential capital optimization
• Undemanding valuation
EGM resolution for share buyback.
PEC Limited recently announced that it will hold an EGM on 10 Feb 2012 for a proposed share purchase mandate where the group will be authorized to purchase up to 10% of total issued shares (excluding treasury shares). The proposed mandate, if passed, will commence immediately and expire on its next AGM date (expected Nov 12). We believe shareholders would generally vote in favour of the resolution as it would provide direct support to PEC’s share price.
PEC Ltd. ("PEC" or the "Group") is a specialist engineering group servicing the oil and gas, petrochemical, oil and chemical terminal, and pharmaceutical industries. Our two core business activities are project works (currently being carried out in Singapore, Malaysia, Thailand, Indonesia, Vietnam, the PRC and the Middle East) and maintenance services (currently being carried out in Singapore and the PRC).
• EGM resolution for share buyback
• Potential capital optimization
• Undemanding valuation
EGM resolution for share buyback.
PEC Limited recently announced that it will hold an EGM on 10 Feb 2012 for a proposed share purchase mandate where the group will be authorized to purchase up to 10% of total issued shares (excluding treasury shares). The proposed mandate, if passed, will commence immediately and expire on its next AGM date (expected Nov 12). We believe shareholders would generally vote in favour of the resolution as it would provide direct support to PEC’s share price.
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