TKS ( Top of Korea Ship building ) , a South Korean mid - sized shipbuilder , successful won an order worth $ 76 million ( roughly 82 billion won ) from Malaysia ’ s second largest shipbuilding company NGV TECH SDN BHD . Not only did TKS secure new funds , but the company managed to earn a stable source of order from NGV to build at least six units of 3 - ton vessel every year . South Korea ’ s mid - sized shipbuilding companies suffering from a lack of orders will be able to learn from the exemplary model recently set by TKS to recover from a restructuring process of securing fund and order simultaneously . TKS representative Ko Gyung - joo and NGV Tech Chairman Zulkifli Shariff inked a contract on the Malaysian shipbuilder acquiring 66 percent of stakes of TKS worth $ 76 million in Lankawi , Malaysia on December 2 . Mahathir Mohamad , former Malaysian Prime Minister , Malaysia ' s Prime Minister Najib Razak , Malaysian Defence Minister Datuk Seri Dr Ahmad Zahid Hamidi and Tan Sri Abdu Aziz and Malaysian politician from the United Malays National Organisation ( UMNO ) joined the signing ceremony . The signing ceremony was a main event in the biennial LANGKAWI INTERNATIONAL MARITIME & AEROSPACE EXHIBITION ( LIMA ) which reflected the heightened interest of the Malaysian government . NGV is to invest additional $ 100 million in South Korea over the next two years to reinforce a vertical relationship in the shipbuilding industry by acquiring an engine - related company . Furthermore , TKS seeks to be listed in the South Korean stock exchange by 2012 . Meanwhile , NGV is slated to be listed in the Malaysian stock exchange in May 12 2010 . [ written by Nam - sik Suk - Yen - mi Hong / edited by Jae - yoon Jung ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]