The Board of Directors of Carimin wishes to announce that Carimin Engineering, a wholly-owned subsidiary of the Company, had on 5 April 2017 entered into a collaboration agreement with EMAS (“COA”). Carimin Engineering has experience and expertise on hook-up and commissioning (HUC), topside maintenance of offshore facilities, supply of marine vessels, onshore fabrication and the provision of manpower services in the oil and gas platforms in Malaysia, whereas EMAS is principally involved in provision of engineering and technical innovative solutions for pre-commissioning, commissioning, decommissioning, well plug and abandonment services.

So CARIMIN FORMED A JV WITH EMAS WHOSE PARENT COMPANY IS EZRA WHICH IS GOING INTO LIQUIDATION

EMAS is a 99.99% owned subsidiary of Emas Energy Services Pte. Ltd., a company incorporated in Singapore. The parent company of the group is Ezra Holdings Ltd (“Ezra”). Additional information on EMAS may be obtained from Ezra website at http://www.ezraholdings.com/

This shows that CARIMIN BOSSES are on the look out for opportunities & not afraid of dirty work hands on.

This was what happened to Muda who recycled waste paper & rubbish.

In these bad times many O& G are going kaput & turned belly up! So there is opportunity to make money in cannibalising & salvaging leftover for sale.

This kind of Value Add Management is rare.

Example is TMakmur willing to rear animals for sale in its plantations (TMakmur later taken private!)

Another one is Scientex. Scientex not only build houses. They also do the dirty manual work of making their own cement bricks to save cost. By cutting cost Scientex is able to compete against all other Housing Developers in Johor!

SO KUDOS TO CARIMIN MANAGERS!!!

CALVIN GIVES THUMBS UP!!!

5) MAJOR SHAREHOLDERS WITH MYOPIC VISION SOLD DOWN CARIMIN SHARES ON THIS NEW JV

RIGHT AFTER THIS ANNOUNCEMENT ONE SHAREHOLDERS DUMPED CARIMIN SHARES BELOW 30 SEN

Particulars of substantial Securities Holder

Details of changes

Currency: Malaysian Ringgit (MYR)

This notice was received on 10 April 2017.

SO STUPID INDEED!!

It was the dirty work of Muda in paper recycling that caused Muda to go up from 32 sen to Rm2.40 & split (Up 700%)

And OKA who deals with Longkang also up 600% from 35 sen to over Rm2.00

Don’t look down on Longkang & sampah business! So is Carimin decommisioning job!! If it pays well, so what?

6) CARIMIN HAS MANAGABLE DEBT WITH HIGH NTA & HIGH CASH RESERVE

Being a Man Power Company there is little Mark Down of Assets depreciation unlike others whose Equipments are already aged. In fact we already see the Valuable Examples of Carimin understating Its Real Estate Value.

So going forward CARIMIN has survived while others face insolvency due to horrendous debt

7) JOBS ARE WELL SECURED IN RAPID (Pengerang RAPID), WEST COASTAL HIGHWAY (WCE) & KL WATER WORKS

Fear of payment default is little as Paymasters of Petronas, Malaysia Govt & other Entities of Repute.

8) RM60 MILLIONS JOB AWARD & OTHER SERVICES BY PETRONAS ENSURE GOOD COMING QUARTERS

The Board of Directors of Carimin is pleased to announce that Carimin Bina Sdn. Bhd. (“CBSB”), a subsidiary of Carimin, had on 23 June 2017 received a Letter of Award dated 22 June 2017 (“LOA”) as the exclusive Sub-Contractor from Urban Masterpiece Sdn. Bhd. for the construction of all civil and engineering works in respect of the rainwater storage tank, consisting of 2 numbers of tube wells, 1 basement tank, 1 level of service/maintenance floor and external works (excluding mechanical and electrical works) for a project in relation to the management, control and store water for flood mitigation purposes in the area of Jalan Termeloh, Taman Tasik Titiwangsa, Kuala Lumpur, subject to the terms and conditions as stipulated in the LOA (“Sub-Contract”).

2. THE SUB-CONTRACT SUM

The Sub-Contract is estimated to be approximately RM60,000,000.00 (Ringgit Malaysia: Sixty Million Only).

3. DURATION OF THE SUB-CONTRACT

The anticipated period for the completion of the Sub-Contract shall be twenty-four (24) months from the date of site possession. Tentatively, the dates on which CBSB shall commence and complete the Sub-Contract are as follows:-

a) The Date of Site Possession: 16 October 2017

b) The Date of Completion: 15 October 2019

Estimating Rm30 Millions for One Year with 12% profit CARIMIN already show a future profit of Rm3.6 Millions just from this one job award.

And latest is

The Board of Directors of Carimin is pleased to announce that the Company’s wholly-owned subsidiary, Carimin Engineering Services Sdn Bhd (“CES”), had on 20 September 2017 accepted a Letter of Award dated 20 September 2017 (“LOA”) from PETRONAS Carigali Sdn Bhd (“PETRONAS Carigali”) for Provision of Maintenance, Construction and Modification (MCM) Services (Package C (Offshore) Peninsular Malaysia Oil) (“the Contract”).

2. INFORMATION OF THE CONTRACT

The contract duration will be for a primary period of five (5) years with one (1) year extension option effective from 20 September 2017 and will expires on 19 September 2022, at an agreed fixed schedule of rates.

The details of the scope of works in relation to the Contract will be addressed in a work order which will be issued by PETRONAS Carigali and shall include any or all other work and services which is generally related to Topside Structural Maintenance, Workover Preparation and Facilities Improvement Project.

SO FOR THE NEXT 5 YEARS CARIMIN’S FUTURE IS GUARANTEED BY THE JOB AWARD FROM PETRONAS. A MAMMOTH RM170 BILLIONS TOTAL CAPEX FOR PENGERANG RAPID – THERE WILL BE LOTS MORE JOBS COMING CARIMIN WAY

9) THE ARRIVAL OF SAUDI ARAMCO INTO RAPID FOR DOWNSTREAM O&G PROJECTS

ARAMCO BEING WORLD LARGEST OIL COMPANY IS INVESTING USD7 BILLIONS (RM28 BILLIONS) INTO RAPID.

OTHERS WILL COME LATER.

AND CARIMIN HAS AN EVEN BRIGHTER FUTURE!!

Saudi Aramco’s US$7b investment in Rapid tops Asean’s M&A list

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