Investor Relations - News
Increase Of Shareholdings In MTQ Subsea Limited [Formerly Known As OSEA (Aberdeen) Limited]
BackApr 04, 2002
The Board of Directors of Metalock (Singapore) Limited ("Metalock") is pleased to announce that Metalock had increased its shareholdings in MTQ Subsea Limited ("MSL") from ?150,000 to ?350,000 by subscribing for 200,000 ordinary shares of ?1.00 each at par. The investment is held through Metalock's subsidiary, MTQ Subsea Technology Pte Ltd (formerly known as Osea Investments Pte Ltd) ("MST"). MSL is a wholly owned subsidiary of MST.
The acquisition was funded through internal resources.
None of the directors or substantial shareholders of the Company have any interest, direct or indirect in the transaction.