Moves by the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) to introduce a minimum trading price for SGX mainboard-listed companies could impact a number of shipping and offshore marine related stocks.
Dry bulk shipowner Golden Ocean is considering a voluntary delisting from the Singapore Exchange (SGX) due to the low trading volume and a plan to simplify operations and reduce cost.
PACC Offshore Services Holdings (POSH) is set to raise SGD388.3m ($310.5m) from an initial public offering (IPO) on the Singapore Exchange.
Offshore marine services company Swiber reported a $90.9m profit for 2013 with revenues surging past the $1bn mark for the first time.
Mermaid Marine Australia is to buy all the businesses of Jaya Holdings for SGD625m ($495.2m) following a strategic review of the Singapore company announced on 9 September last year.
Kim Heng Offshore & Marine enjoyed a good first day’s trading on the Singapore Exchange (SGX) its shares rising 18%.
Kim Heng Offshore & Marine’s initial public offering on the Singapore Exchange (SGX) was 5.8 times subscribed.
Kim Heng Marine & Offshore Holdings is aiming to raise SGD40m ($31.4m) from an initial public offering (IPO) on the Singapore Exchange second board Catalist.
The initial public offering (IPO) of Pacific Radiance on the Singapore Exchange was 2.2 times subscribed.