Rationale for the Proposed Acquisition
The Company is of the view that the Proposed Acquisition will be beneficial to the Group in the
following manner:
2.7.1 The Proposed Acquisition will allow the Group to acquire highly specialized technical
expertise in Engineering, Procurement, Installation and Construction (“EPIC”) and SURF
subsea solutions.
With increasing oil demand and offshore expenditure, there is a clear trend that offshore oil
and gas discoveries are moving into deeper waters prompting high growth in subsea
installation and construction services.
Consideration Shares, the issuance of the Convertible Bond, internal sources of funds and/or
external financing.