EMAS Offshore lists on Singapore Exchange

Singapore: EMAS Offshore today began trading on the Singapore Exchange (SGX).

Shares in the company closed at S$1.055 on Wednesday, down from a high of S$1.060 when the market opened.

“EMAS Offshore now has 40 multi-functional assets across the globe. The fleet has a combined bollard pull of almost 4,000 tonnes, more than 37,000 DWT in capacity and a total of almost 35,000 bhp with capabilities to operate globally in ultra deepwater depths,” Lee Kian Soo, Chairman of EMAS Offshore, said.

EMAS Offshore released a total of 48,585,000 shares, all of which were all fully subscribed at an order price of S$1.21 per share by the end of the order period on October 2nd. [08/10/14]

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