Expanding our geographical coverage
Currently, our market is predominantly in Singapore. Our Directors believe that there is significant potential for our products and services globally and will tap opportunities into other regions, such as Australia, the Middle East, the PRC and North America. Subject to market conditions, we plan to embark on expanding our geographical coverage through acquisitions of existing business in these regions with parties who can create synergistic values with our existing business. With this expansion, we will be in close proximity to major O&G resources and maritime sectors as many of the major shipbuilders in Singapore have expanded their activities into other regions. We believe our established track record as well as our existing presence in USA will enable us to develop and expand our business in these regions so that we could be closer to our customers and thereby reducing delivery time. Our Singapore operations will continue to be the central procurement hub in order to maintain our quality and price competitiveness.

Expanding our product range and offerings
We supply rigging and mooring equipment mainly to the marine and offshore O&G industries. In order to provide better services and greater product availability to our customers, we intend to expand our product range as part of our strategy. In particular, we have started to supply high performance steel wire ropes manufactured by Kiswire Ltd. which are developed with optimal efficiency (i.e. higher loading capacity and longer durability) and catered mainly for high quality lifting systems such as cranes used by ship owners and offshore support vessels.

In addition, other than the existing product range that we are now supplying, we intend to explore opportunities to commence offering or to offer in greater quantity other types of rigging and mooring equipment, for instance, winches and deck equipment. This will serve to increase our product offerings to complement our existing product range, which will enable us to secure more business from existing customers, as well as new customers.

Expanding our storage and fabrication capacity
We intend to increase our storage and fabrication capacity to cater to our existing and potential customers’ demands as well as our expansion plans into Australia, the Middle East, the PRC and North America. We are currently operating at two facilities in Singapore with an aggregate land area of approximately 18,000 sqm and a built-in area of approximately 10,200 sqm. Subject to our customers’ demands for our products and services, we may acquire a new facility in Singapore. We are also exploring opportunities to acquire existing businesses complementary to our business in Singapore and/or other regions.