Kuala Lumpur: Eversendai Corporation has spent S$24.69m for an 11.19% stake in Singapore-listed Technics Oil & Gas. Technics is a full service integrator of compression systems and process modules for oil and gas customers. It also operates three yards in Singapore, Indonesia and Vietnam.
"The strategic investment in Technics will enable Eversendai to secure a stronger footing in the oil and gas fabrication sector, which is in line with the company's business plan to venture into inter-related sectors," the Malaysian firm said. [03/12/12]