Both the chairman and CEO of Mooreast Holdings have increased their stake in the company after the specialist in mooring systems reported a y-o-y doubling of earnings for 1HFY2022 ended June.On Aug 15, founder and CEO Sim Koon Lam acquired 150,900 shares on the open market at an average of 13.66 cen...

Mooreast Holdings has reported that earnings for 1HFY2022 more than doubled from $392,000 to $872,000. Revenue in the same period that ended June was up 81% y-o-y to $13 million.The company, which is in the niche business of providing mooring systems for the offshore and energy industries, says that...

In its business update in the period following its financial results for the FY2021 ended Dec 31, 2021, Mooreast says it intends to leverage its listed status and stronger balance sheet to strengthen its foothold within the global floating offshore renewable energy sector.The Catalist-listed group h...

Analysts are maintaining bullish end-2022 targets, even as the Omicron variant is the latest hurdle to the market’s eventful recovery journey. Meanwhile, will the much-heralded Spac framework carry the IPO momentum forward? Singapore may have seen multiple months of lockdowns and fewer IPOs in 202...

The total volume of commodities derivatives jumped by 52% y-o-y in November to 2.3 million contracts, the Singapore Exchange’s (SGX) latest monthly market statistics report reveals. This came on the back of strong growth in the virtual steel mill suite, the regulator adds. Other factors that con...

The pace of new listings, which was largely staid for the better part of the year, has picked up as 2021 draws to a close, and the industry is looking forward to the momentum being carried forward into the new year. “It is hoped that the new framework on Special Purpose Acquisition Companies (Spac...

MOOREAST made its trading debut at S$0.29 on the Singapore Exchange's Catalist board on Wednesday (Nov 24), 31.8 per cent or S$0.07 above its initial public offering (IPO) price of S$0.22.

MOOREAST (1V3) made its trading debut at S$0.29 on the Singapore Exchange's Catalist board on Wednesday (Nov 24), 31.8 per cent or S$0.07 above its initial public offering (IPO) price of S$0.22.

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 24):

MOORING solutions provider Mooreast Holdings' shares for its initial public offering (IPO) were subscribed by 1.3 times, the company said in a bourse filing on Tuesday (Nov 23).

Mooreast Holdings, which specialises in providing mooring systems for the offshore and renewable energy industries, has received strong demand for its IPO which raised $8.5 million in gross proceeds. A total of 38.85 million IPO shares were sold at 22 cents a share. The retail tranche of 800,000 s...

The earthquake which hit Japan in March 2011 did not just set off a tsunami. This unfortunate natural disaster also compelled Japan to take bolder steps to wean off its dependence on nuclear and fossil energy, following images of the rescue workers trying to contain the spill at the Fukushima Daiich...

MOOREAST Holdings, a mooring systems company, on Wednesday (Nov 17) launched its initial public offering (IPO) for a listing on the Catalist board of the Singapore Exchange (SGX).

Homegrown total mooring solutions provider Mooreast Holdings has registered its initial public offering (IPO) on the Catalist Board of SGX. The IPO entails a public offer of 800,000 offer shares at 22 cents each and a placement of 38,050,000 placement shares at 22 cents each, payable in full on appl...

MOOREAST Holdings, a mooring systems company, on Wednesday (Nov 16) launched its initial public offering (IPO) for a listing on the Catalist board of the Singapore Exchange (SGX).