|Trek 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.
|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.
The 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.