Beng Kuang Marine Limited (together with its subsidiaries called Beng Kuang Group) was founded in 1994 and has been listed on Singapore Exchange since 15 October 2004.
With a multi-pronged business model, Beng Kuang Group continues to strive to be the “Preferred Partner” in providing total solutions for the offshore and marine industries.
Forging ahead with an innovative and operating mindset, the Beng Kuang Group team aims to create new value propositions for our customers and align our business activities towards new market trends and opportunities.
We aspire to be the Preferred Partner in providing total solutions for the offshore and marine industries.
We will strategically develop and execute our business profitably, bearing safety and innovations in mind, through total integration of solutions, together with the support from our employees to customers and partners.
Started as sole proprietorship by Mr Chua Beng Kuang
Privatisation of the company “Beng Kuang Marine Pte Ltd”.
Entered into partnership with Labroy Marine Ltd.
Listed on Singapore Stock Exchange.
Acquired a 30yr leasehold land, approx 32.8 hectare (with 460m waterfront) in Batam, Indonesia.
Transferred to Mainboard.
Ventured into the Shipping business.
Secured largest single contract worth US$21.0 million and US$31.25 million to construct 2 Semi-submersible barges.
Expanded our services to include metalizing services.
On-site offshore repairs & maintenance services via ASOM.
Supply cranes & deck equipment.
TOP – A&A HQ Office & Yard at Shipyard Road.
Appointment of new CEO Yong Jiunn Run.
Turnaround Plan and Strategic Review in progress.
Completed share placement of 27 million new ordinary shares at $0.05 per share.
Proposed share placement of 37.2 million new ordinary shares at an issue price of S$0.09 per share, raising gross proceeds of approximately S$3.35 million.
Issued a notice of redemption to the holders of the bonds (with a coupon rate of 9% per annum) in principal amount of S$4 million due 26 April 2022.
