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Mooreast Holdings has announced plans to expand its mooring and rigging solutions product portfolio and to enhance partnerships with international players in order to extend its value proposition to the global floating offshore renewable energy sector.
Having completed its Initial Public Offering (IPO) on the Singapore Exchange Catalist Board on 24 November 2021, the Group intends to leverage its listed status and stronger balance sheet to strengthen its foothold within the global floating offshore renewable energy sector. These post-IPO strategies include:
(I) expanding its product portfolio of mooring and rigging solutions to better support renewable energy customers;
(ii) establishing collaborations with international companies involved in the sector; and
(iii) enhancing capabilities within its newly established Yard Division in Singapore.
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