Following its IPO, Mooreast will be looking at expanding its product portfolio of mooring and rigging solutions to better support renewable energy customers; establishing collaborations with international companies involved in the sector; and enhancing capabilities within its newly established Yard Division at its new premises at 51 Shipyard Road in Singapore.
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 had just successfully completed its initial public offering (IPO) on Nov 24, 2021.
