Quek adds Alam Maritim to diverse set of offshore investments

Kuala Lumpur: Malaysian tycoon Quek Leng Chan is making a considerable play into the region’s offshore sector. Alam Maritim Resources is the latest target for the boss of the Hong Leong group.

Alam Maritim plans to raise RM166.05m by issuing a 15.35% stake to parties related to Hong Leong Group. Some of the money will go on the acquisition of a new OSV, Alam Maritim said.

Quek has previously acquired shares in Kencana Petroleum, Petra Perdana (since renamed Perdana Petroleum) and Singapore-listed subsea and drilling services provider Mermaid Marine Public and most recently Ezion Holdings, also in Singapore.

He also has stakes in oil and gas-based special purpose acquisition company Sona Petroleum as well as TH Heavy Engineering.  [24/04/14]

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