As we look forward to the New Year in 2020, let us take a few moments to reflect upon the events in 2019.
Given the foundations we have laid over the last few years, it has helped us to navigate through the storms of shock since the oil crash in 2014.
Over the last 2 years, our expansion efforts in buying offshore support vessel at distress prices and renewable windfarm energy are making significant progress in establishing overseas partnership to secure contracts.
We have strengthened our value chain & capabilities to advance in all aspects of our business units.
We are proud of the significant strides that Kim Heng has made in improving our niches in the Offshore Support Vessel, submarine cable laying and Horizontal Directional Drilling business.
Throughout the year, we have continued to make major changes and advancement to our business leveraging on our Oil & Gas technical knowledge using an adaptable approach strategy. We are now well positioned for the eventual upturn.
The year 2019 is full of business improvements and has brought us many moments to celebrate our success as follows:
As we review our 2019, and how far we have come, even though we are stronger, it has not yet reflected in our valuations. We look forward towards building upon that foundation and making 2020 even more spectacular as well.
The Management & Board of Directors would like to thank all our most passionate stakeholders for the trust & continued loyalty support as you are vital to our successful navigation of this challenging times.
We hope that all of you and your loved ones are filled with joy and peace as we extend our warmest greetings and best wishes for the New Year in 2020!
Thomas Tan – CEO