Technics O&G

Technics O&G: Intends to spin-off its subsis in the contract engrg marine industry business, namely, Norr Systems and Wecom Engineering and seek a listing of Norr and Wecom Group on the Gretai in Taiwan. Co has obtained the pre-clearance from the SGX on the proposed spin-off. Co has stated that there is no guarantee that the listing will go through. Counter currently trades at current 9.0x P/E