EA Technique on track to exit PN17 status by first quarter 2025

Quick Summary:

KUALA LUMPUR: EA Technique (M) Bhd (EATech) is on track for its Practice Note 17 (PN17) status to be uplifted by the first quarter of 2025, following the successful implementation of the company’s regularisation plan in 2024 and consistent improvements in revenue and profitability.

EATech was placed under PN17 after facing a decline in shareholders’ equity due to prolonged negotiations and setbacks caused by the COVID-19 pandemic.

"The marine transportation and offshore storage industry is experiencing an upward trend, and EATech is well-positioned to capitalise on this environment.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBrunei

Topics: PN17 EATech Mubarak Hussain Akhtar Husin /Business/Business News Corporate News EA Technique

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 18:20:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23035957

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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