Technics Oil & Gas Ltd (TECH.SI) Key Developments | Reuters.com
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Technics Oil & Gas Ltd (TECH.SI)

TECH.SI on Stock Exchange of Singapore

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30 May 2016
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Latest Key Developments (Source: Significant Developments)

Technics Oil and Gas says cessation of Nathan Elumalay as Executive Chairman
Wednesday, 22 Jun 2016 06:46am EDT 

Technics Oil & Gas Ltd : Says cessation of Nathan Elumalay as executive chairman and director .  Full Article

Technics Oil & Gas updates on legal proceedings
Tuesday, 31 May 2016 06:46am EDT 

Technics Oil & Gas Ltd : Technics offshore engineering pte ltd, made an application to the high court of Singapore . Application for an order to place the company and the said subsidiary under judicial management .  Full Article

Technics Oil and Gas updates on legal suit by DBS Trustee Ltd
Wednesday, 25 May 2016 05:29am EDT 

Technics Oil & Gas Ltd : Legal suit by dbs trustee limited) . Company's efforts to restrain soilbuild reit's call on the bank guarantee were unsuccessful" . Says sum under the bank guarantee has since been paid by united overseas bank limited to soilbuild reit .  Full Article

Technics Oil and Gas updates on legal proceedings
Thursday, 19 May 2016 05:35am EDT 

Technics Oil & Gas Ltd : Legal suits by (1) ting tiong ching; and (2) Hup Seng Offshore Engineering (Pte) Ltd.) . Engaged its legal counsel to handle the vigorously defend the action . Ting Tiong Ching is claiming for repayment of loans amounting to approximately s$1.9 million together with interest accrued . Unit has received two writs of summons from Ting Tiong Ching and Hup Seng Offshore Engineering (Pte) Ltd. respectively . Hup Seng Offshore Engineering (Pte) is claiming for repayment of loans amounting to approximately S$3 million .  Full Article

Technics Oil and Gas says contract to construct Liftboat has lapsed and become null and void
Thursday, 19 May 2016 05:31am EDT 

Technics Oil & Gas Ltd : Technics Oil & gas' contract to construct a liftboat with an option for another similar unit) . Contract to construct the liftboat has lapsed and become null and void . contract has lapsed due to non-fulfilment by the parties of a clause in the contract specifying the contract's effective date .  Full Article

Technics Oil and Gas says appointment of Lam May Yih as CFO
Friday, 13 May 2016 06:16am EDT 

Technics Oil & Gas Ltd : Appointment of chief financial officer) . Appointment of Lam May Yih as chief financial officer .  Full Article

Eversendai Corporation Bhd acquired additional ordinary shares in Technics Oil & Gas Ltd
Sunday, 3 Apr 2016 08:00pm EDT 

Eversendai Corporation Bhd:Acquired an additional 23.4 million ordinary shares in Technics Oil & Gas Limited representing 10.25%, increasing its shareholdings from 19.62% to 29.87%.  Full Article

Technics Oil & Gas Ltd wins new contract
Tuesday, 15 Sep 2015 05:19am EDT 

Technics Oil & Gas Ltd:Says Group’s subsidiary, Technics Offshore Engineering Pte Ltd , has been awarded a contract on 15 September 2015 worth a total of S$70.5 million for the construction of a Liftboat.The Liftboat is expected to be delivered within two years from the contract date.There is an option as well to construct a similar unit and the option can be exercised within six months from this contract date.  Full Article

Technics Oil & Gas Ltd's Technics Steel Pte proposes acquisition of property
Wednesday, 8 Apr 2015 06:00am EDT 

Technics Oil & Gas Ltd:Says a subsidiary, Technics Steel Pte Ltd (purchaser), has on March 11 been granted an option to purchase, the property for a purchase price of S$4,200,000 by Transicom Singapore (Pte) Ltd (vendor).The option may be exercised within one month from the date of the option, and the purchaser has exercised the Option on April 8.The purchaser intends to use the property for its own operations.The group will finance the purchase price of the acquisition by internal funds and/or bank borrowings.  Full Article

Technics Oil & Gas Ltd updates on proposed disposal of Vina Offshore Engineering Co., Ltd
Monday, 9 Feb 2015 05:01am EST 

Technics Oil & Gas Ltd:Refers to the announcement made on Dec. 05, 2014.Says its subsidiary Technics Offshore Engineering Pte. Ltd. (TOE) has entered into a sale and purchase agreement (SPA) with Y.H.H Marine Engineering Pte. Ltd. (Purchaser).Says TOE entered into a non-binding term sheet in relation to the proposed disposal for an aggregate consideration of S$11,000,000 and the loan assignment for an aggregate consideration of S$1,000,000.Says the completion is scheduled to take place on the third business day falling immediately after the unconditional date of the SPA which shall be the date the last of the conditions precedent.Says the proposed transaction will result in net cash proceeds of about S$10.43 mln.Says proceeds will be used for financing of general corporate funding requirements (including refinancing of existing borrowings), working capital, capital expenditure and other general funding requirements of the Group.  Full Article