Rotary engineering

SINGAPORE (Jan 31): Rotary Engineering's controlling Chia family, teaming up with the investment arm of the Omani government, has succeeded in its bid to privatise and delist the company from the Singapore Exchange.

SINGAPORE (Nov 14): Rotary Engineering, which is in the process of being privatised, reported a 29% increase in 3Q17 earnings to $1.58 million compared to $1.23 million in 3Q16.

SINGAPORE (Oct 2): Shares of Rotary Engineering are up 8.5% or 3.5 cents to 44.5 cents at 2.56pm with 7.2 million shares traded.

SINGAPORE (Oct 2): Rotary Engineering has received a 46 cents cash offer to take the company private from its controlling shareholder, the Chia family group, together with an investment arm of the Oman government.

SINGAPORE (Aug 8): Rotary Engineering reported 2Q17 earnings of $1.2 million, or a 43% decline from the $2 million reported in 2Q16 when profits were higher as the group reached completion on major projects.

SINGAPORE (June 19): CIMB likes Rotary Engineering, the integrated engineering design, procurement, construction and maintenance (EPCM) company.

SINGAPORE (May 9): Rotary Engineering saw 1Q17 earnings surge to $3.7 million from $0.5 million a year ago.

SINGAPORE (April 26): Rotary Engineering, the oil & gas engineering, procurement, construction specialist, has secured an EPC contract to build a tank farm for Jurong Port Tank Terminals.

SINGAPORE (April 11): Rotary Engineering, the regional oil and gas engineering, procurement, construction (EPC) and maintenance services value chain provider, has secured two overseas tank storage projects worth more than US$120 million ($170 million).  

SINGAPORE (Feb 22): Rotary Engineering, the oil & gas engineering, procurement, construction and maintenance services provider, reported earnings of $11.4 million for FY16, down 73% from a year ago.