EMAS Offshore, formerly known as EOC, has launched public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore (MAS), in conjunction with the proposed listing on the Main Board of the Singapore Exchange Securities Trading Limited.
The Group is offering 48,585,000 shares priced at S$1.21 per share.
“We are pleased to have come to this stage where we will be the first company to dual-list in Norway and Singapore to raise funds. I am excited by the prospect of EMAS Offshore and am looking forward to working with Mr Jon Dunstan and his team to repay our investors’ support and confidence,” said Lee Kian Soo, EMAS Offshore’s Executive Chairman .
“This listing in Singapore is a key milestone for the Company. The integration of EMAS Marine’s strong ship management and operations track record with EOC’s floating and fixed platform services and engineering capabilities has created an enlarged platform which will position EMAS Offshore as one of the world’s leading offshore support services provider, with a fleet among the industry’s youngest and strongest. This will give EMAS Offshore the scale to further its expansion plans into growth markets of West Africa, East Africa and MENA” said Jon Dunstan, EMAS Offshore’s Chief Executive Officer.
Press Release, September 29, 2014