IEC spends 3 Million baht to acquire E-Cotech. 

Post Today -The E-Contech Management Pte. Ltd. is established on July 12th, 2000 in Singapore, providing business consulting service and researching on engineering technology. Presently, E-Contech has become a partner contract of PTT Group to study on reducing heavy Petroleum oil viscosity. According to the financial statement of E-Contech on 31st December 2012, the shareholder’s equity is SGD (-) 131,200 and the number of book value is SGD (-)1.226 per share. 

The IEC share price of this January 17th closed at THB 0.03 as steady as the previous day while the SET fell to 6.07 points or 0.47% to close at 1,295.41 points with a total trade value at THB 32.887 billion because of the political crisis.     

Credit: Post Today (P.B5) 20 January 2014. Thai-language daily, Published in Thailand

Detail about Adaptive Viscosity Reduction System Project