Singapore: Offshore rigging and lifting solutions providers Gaylin Holdings is on track to complete new facilities in Tanjung Langsat, Malaysia during the first half of year 2013.
In a release, the group commented that the new facility is a major part of growth plans for Gaylin following their Singapore IPO.
Desmond Teo, executive director and ceo of Gaylin said, “we have strategically positioned Gaylin closer to customers in terms of geographical proximity, giving us an added advantage in servicing the offshore industry players in Malaysia and the region.”
Gaylin released its first set of results since listing on the Singapore exchange posting a net profit of S$6.5 million for the six-month period to 30 September 2012, up 18% on the previous year. [11/12/12]