Search

MORE NEWS
MARKETS & INVESTING | Staff Reporter, Singapore
Published: 02 Mar 11
1972 views


Singapore Exchange lists Dyna-Mac Holdings to mainboard

Through the listing of Dyna-Mac Holdings, Singapore Exhchange boosts its maritime and offshore cluster.

According to SGX, Dyna-Mac is a well-recognised offshore oil and gas engineering firm providing engineering, procurement and construction services to the offshore oil and gas, marine construction and other related industries. With principal business activities in the fabrication and assembly of topside modules for FPSOs and FSOs, Dyna-Mac’s global customers span from Asia-Pacific, Europe to USA.

Said Mr Desmond Lim Tze Jong, Executive Chairman and CEO of Dyna-Mac, “Dyna-Mac’s successful listing on the SGX today marks a major milestone in our 20-year corporate history. We are heartened by the strong interest for our IPO from sophisticated investors, including our cornerstone investor, Keppel Shipyard Limited. We believe their support underscores Dyna-Mac’s established reputation as a specialist provider of engineering, procurement and construction (EPC) services to the offshore oil and gas and marine construction industries.

Dyna-Mac’s success today is underpinned by our strong base of customers, who are amongst the world’s largest owners and operators of FPSOs/FSOs and semi-submersibles, our group of established sub-contractors and suppliers, as well as our dedicated staff. To date, our Group has completed over 130 topside modules with the largest single module load out of 1,520 tons and we are proud of our achievements.

Going forward, our status as a SGX-listed company will go a long way in further raising Dyna-Mac’s profile in global offshore oil and gas markets as we pursue our expansion plans overseas, starting with the PRC and Brazil.”

“We warmly welcome Dyna-Mac Holdings to the SGX family. We are pleased that Dyna-Mac has chosen our exchange as the platform to assist them in their global expansion plans. Dyna-Mac’s listing once again demonstrates the attractiveness of SGX as a fund raising venue for offshore companies and the interest of our investors in this sector. We therefore look forward to more of listing of such companies,” said Mr Lawrence Wong, Head of Listings, Singapore Exchange.

With a market capitalisation of $315 million, the listing of Dyna-Mac brings the combined market capitalisation of the maritime and offshore cluster to about $60 billion.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: Singapore Exchange Maritime, Singapore Dyna-Mac Holdings, Singapore Exchange listing

LATEST MARKETS & INVESTING JOBS »
PRINT ISSUE »

Subscribe Now
What factors are keeping expats rooted in Singapore?

1295 views

What factors are keeping expats rooted in Singapore?

633 views

Can Asian private equity outgrow the west?

297 views

MOST READ EXCLUSIVES

The 10 richest Singaporeans

The 10 richest Singaporeans

Altogether, their total amount of wealth dropped by 20% to US$32.5 billion.

by KRISANA GALLEZO
13 Apr 2015 | 111307 views
 

16 items that are a tad cheaper in Singapore than in Hong Kong

16 items that are a tad cheaper in Singapore than in Hong Kong

Coffee lovers need not go farther for a cheaper cup of cappuccino.

by KRISANA GALLEZO
20 Mar 2015 | 106284 views

Check out P&G Singapore’s new office with outdoor working spaces

Check out P&G Singapore’s new office with outdoor working spaces

It occupies 6 contiguous floors within The Metropolis.

by LEE ANNE BABIERRA
30 Apr 2015 | 21514 views
 

Singapore’s 8 hottest 40 and under hotel chefs

Singapore’s 8 hottest 40 and under hotel chefs

Check out and be inspired from their humble beginnings before rising the ranks.

by KRISANA GALLEZO
27 Mar 2015 | 14597 views

This is a woman’s world: CRIB launches Singapore’s first business and lifestyle incubator for women

This is a woman’s world: CRIB launches Singapore’s first business and lifestyle incubator for women

Find out what the three key platforms of CRIB are.

by KRISANA GALLEZO
10 Mar 2015 | 8881 views
 

The New Black hits Singapore with rarest green coffee

The New Black hits Singapore with rarest green coffee

It also boasts of its Impossible Collection curated by the ‘world’s rockstar roasters'.

by KRISANA GALLEZO
5 Mar 2015 | 5556 views

All the single ladies: Here’s Singapore’s first female-centric dating app for you

All the single ladies: Here’s Singapore’s first female-centric dating app for you

Its female-friendly features help women find serious daters.

by LEE ANNE BABIERRA
20 Apr 2015 | 5485 views
 

Get to know the husband-and-wife duo behind the novice 3E Accounting

Get to know the husband-and-wife duo behind the novice 3E Accounting

This local accounting firm expanded from 2 to 35 members in just 4 years.

by KRISANA GALLEZO
24 Apr 2015 | 5303 views

Take a sneak peek at Equinix’s $300m international business exchange data centre in Singapore

Take a sneak peek at Equinix’s $300m international business exchange data centre in Singapore

Which took almost a decade to finish.

by KRISANA GALLEZO
27 Apr 2015 | 3881 views
 

Want to be hands-on with your ideal home setting?

Want to be hands-on with your ideal home setting?

Commune is opening an Experience Centre for meticulous homeowners.

by KRISANA GALLEZO
23 Mar 2015 | 3401 views

Office in the sky: How’s having a meeting in the clouds?

Office in the sky: How’s having a meeting in the clouds?

Check out ACL Asia Pacific’s Cumulonimbus, Altostratus and Cirrus rooms.

by KRISANA GALLEZO
1 Apr 2015 | 3309 views
 

Lazada Singapore CEO Martell Hardenberg talks about his “Happy Customer” philosophy

Lazada Singapore CEO Martell Hardenberg talks about his “Happy Customer” philosophy

Find out what other goals the 27-year-old has for the company.

by KRISANA GALLEZO
27 Mar 2015 | 3299 views

LawCanvas saves the day: Easy legal documents in under a minute

LawCanvas saves the day: Easy legal documents in under a minute

The founders revolutionized the legal industry despite having different backgrounds.

by KRISANA GALLEZO
2 Mar 2015 | 2892 views
 

Take a look inside INSEAD’s $55m leadership development centre in Singapore

Take a look inside INSEAD’s $55m leadership development centre in Singapore

It marks the fulfillment of a vision too ambitious to achieve 15 years ago.

by KRISANA GALLEZO
1 Apr 2015 | 2764 views

Le Petit Paradis recently rebranded as Enoch’s European

Le Petit Paradis recently rebranded as Enoch’s European

It’s a full-fledged contemporary European restaurant blossomed from a motorcycle accident.

by KRISANA GALLEZO
22 Apr 2015 | 1502 views
 

#OnTheContrary campaign reveals the ‘real struggles’ of entrepreneurs

#OnTheContrary campaign reveals the ‘real struggles’ of entrepreneurs

Rags to riches stories are fabulous, but here’s the real deal.

by KRISANA GALLEZO
27 Mar 2015 | 1306 views

Find out what it’s like going into business with your in-law

Find out what it’s like going into business with your in-law

A young entrepreneur teamed up with his father-in-law to redefine home entertainment needs.

by KRISANA GALLEZO
27 Mar 2015 | 1100 views
 

What is the future of the sports business in Singapore?

What is the future of the sports business in Singapore?

Can a new billion-dollar stadium give Singapore the edge it needs to compete for world-class sporting events?

by STAFF REPORTER
20 Mar 2015 | 917 views

Fragrance Du Bois to launch a new scent this year

Fragrance Du Bois to launch a new scent this year

Also, check out its pop-up boutique at TANGS Orchard open until April 26.

by KRISANA GALLEZO
17 Apr 2015 | 882 views
 

HAITE Group launches its first aviation training center in Singapore

HAITE Group launches its first aviation training center in Singapore

It is the first major investment by a Chinese aerospace firm.

by KRISANA GALLEZO
13 May 2015 | 850 views

This bold ad film tells you what happens when maids are not given their due day off

This bold ad film tells you what happens when maids are not given their due day off

‘Mums & Maids’ generated 5 million views in 5 days.

by KRISANA GALLEZO
7 May 2015 | 810 views
 

Singapore retailers turn to technology to boost productivity

Singapore retailers turn to technology to boost productivity

Shopping for the first child is always challenging for the parents.

by STAFF REPORTER
15 May 2015 | 715 views

Megafash sets the stage for local entrepreneurs to introduce indie brands

Megafash sets the stage for local entrepreneurs to introduce indie brands

It plans to expand in Malaysia and Indonesia.

by KRISANA GALLEZO
20 Apr 2015 | 608 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter