Icon Offshore Executives Under Investigation

Dr Jamal Yusof, Chief Executive of Malaysian OSV operator Icon Offshore Bhd, along with his COO Rahman Yusof, have been remanded to facilitate and assist investigations currently being conducted by Malaysia's corruption watchdog, Suruhanjaya Pencegah Rasuah Malaysia (SPRM). In an exchange statement, the company says they have "no details of the nature of the investigations … [Read more...]

Icon Offshore Gains Funding for New OSVs with Malaysian IPO

KUALA LUMPUR, June 10 (Reuters) - Malaysia's Icon Offshore Bhd, whose ships offer support services to oil platforms, has raised 945 million ringgit ($294.81 million) in a share sale priced at the top of expectations, according to two people with direct knowledge of the deal. Icon, part of Malaysian government-linked private-equity fund Ekuiti Nasional (Ekuinas), priced the … [Read more...]

Malaysia’s Icon Offshore Plans Estimated $150 Million IPO

KUALA LUMPUR, March 27 (Reuters) - Malaysia's Icon Offshore Bhd, whose ships offer support services to oil platforms, aims to list on the Kuala Lumpur Stock Exchange by selling shares bankers estimate to be worth $150 million. The offshore support vessel company plans to add to its fleet of 32 ships and repay debt using funds raised through the initial public offering (IPO), … [Read more...]