, Singapore

Oceanus swims out of the SGX watch-list net

The food tech company has been on the watch list since 2015.

Oceanus Group Limited announced that the company has applied for the exiting of Singapore Stock Exchange's (SGX) watch list. 

The company found itself on the watch list almost six years ago, on 14 December 2015. An application was made to exit the watch list, to take effect on 29 September 2021.

To remove itself from the list, the group recorded growth over the past year as a result of realigning the strategy to build its global supply chains. Total financial revenue surged 553% year-on-year to reach $52.5m, from the $8m. Net profit also saw a rise by 597% to $5m, from $700,000 in the first half of 2020.

Peter Koh, CEO, Oceanus, said that this was a result of last year’s efforts to deliver profitability. “Indeed, we have consistently delivered profitability since last year, driven by our four synergistic growth pillars. We are well-placed to continue our growth path to drive further business expansion through our Food Production, Distribution, Services and Innovation divisions by tapping on strategic partnerships, and the creation of new revenue streams."

To further supplement the exit, the company will also provide documents to SGX-ST for their exit application.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
HR & Education
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.