Listed Companies' Announcement
NEWS RELEASE - FEDERAL'S SUBSIDIARY SELLS AN ACCOMMODATION AND WORK BARGE
About Federal International (2000) Ltd
Listed on the Mainboard of the Singapore Exchange, Federal International (2000) Ltd ("Federal" or "the Group") is a value-added distributor and provider of turnkey EPC (engineering, procurement & construction) solutions for the energy & infrastructure industries. Currently the group is principally involved in the distribution of flowline control products (e.g. valves, structural steel, steel flanges/connectors and pipe fittings) to the oil and gas, power, chemical and pharmaceutical industries.
Federal is also involved in upstream activities such as research & development and manufacturing of valves and valve-related equipment through its subsidiary – Houston-based HP & T Products, Inc. and KVC Co., Ltd (Japan) and KVC (UK) Ltd, in which it has acquired strategic stakes. By moving upstream into the design and manufacture of specialized valves and related products, Federal aims to be an integrated service provider and procurement specialist in the energy and infrastructure industries offering a complete one-stop service.
About Bumi Armada Navigation Sdn. Bhd.
Bumi Armada Navigation Sdn. Bhd. (BAN), a premier marine transportation company providing services to the regional offshore oil and gas industry, is currently the biggest offshore fleet operator in Malaysia with more than 33 vessels of various categories. BAN's core activities include provision of services at terminals, anchor handling, offshore and landing services, and the charter of vessels for floating production storage and offtake, SBM mooring, safety standby, accommodation workboat, utility, hose handling and hydrographic.
Issued on behalf of Federal (International) 2000 Ltd
For more information, please contact:
Ms Tham Moon Yee / Ms Geraldine Goh
Stratagem Consultants Pte Ltd
Tel : 65 6227 0502
Fax : 65 6227 5663
Email : email@example.com / firstname.lastname@example.org
Submitted by Koh Kian Kiong, Director on 07/09/2004 to the SGX