Kim Heng

Company in the news

Kim Heng enters joint venture agreement in Malaysia with RM49,000 investment

The investment in the JV company is expected to enhance Kim Heng’s business potential in Malaysia.

Contracts

Kim Heng awarded shipbuilding contract worth TWD249.5 million, scheduled to commence in 4Q2023

Under the contract, KHSE will provide design, engineering and newbuild of a self-propelled split hopper barge.

Company in the news

Kim Heng’s executive chairman & CEO Thomas Tan lends the company $7 mil

The loan constitutes as an interested person transaction (IPT) under SGX's listing rules.
Kim Heng chairman Tan raises stake; Kimly continues share buybacks - THE EDGE SINGAPORE

Insider moves

Kim Heng chairman Tan raises stake; Kimly continues share buybacks

Kim Heng is riding on a recovery in the offshore and marine sector

Results

Kim Heng reports higher revenue but higher costs weigh down on 1HFY2023 earnings

The company is exploring new markets for renewable revenue in Asia besides Taiwan.

Deals, joint ventures & alliances

Kim Heng signs MOU with KOMS to co-operate offshore windfarm, offshore projects

Kim Heng enters into MOU to co-operate offshore windfarms and offshore projects in South Korea.

Oil & Gas

Kim Heng positive about energy market growth; works up appetite for fleet expansion

CEO Tan says Kim Heng’s new focus on renewables will grow in tandem with its traditional oil and gas segment.
Kim Heng awarded additional contract worth US$7.8 million - THE EDGE SINGAPORE

Contracts

Kim Heng awarded additional contract worth US$7.8 mil

Kim Heng will provide modification for a marine-based asset, with the project expected to be completed by 4QFY2024.

Insider moves

CEO Wee of UOB and chairman Tan of Kim Heng raise stakes in respective companies

UOB's total payout for FY2022, at $1.35, is equal to a payout ratio of 49%

Results

Kim Heng back in the black with FY2022 earnings of $7.4 million

The company plans to pay a dividend of 0.2835 cent
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