KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
09
Despite current industry conditions and a challenging forward
operating environment, the Group remains cautiously
positive on its business outlook for the next 12 months. We
will continue to capitalise on our experience to deliver timely
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FUTURE PLANS & GROWTH STRATEGY
In view of the challenging industry outlook, we plan to remain
prudent and tomanageour resources optimally.Wealsoplan
to expand and diversify our business and service offerings
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especially timely given that there will be businesses and
companies with attractive valuations in the current climate.
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be able to pick the best investment opportunities when such
opportunities arise.
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three tugs, four barges and three offshore support vessels.
Although we do not foresee an immediate recovery in 2015,
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and maintenance services whilst staying vigilant to the
market forces in play.
In addition to this, the Group will invest and develop our
waterfront yard and facilities at 48 Penjuru Road. This
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workspace with the necessary infrastructure to provide the
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operational demand for rig services.
It will involve the setting up of a new fabrication and
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and wharf improvements. These upgrades will help the
Group to move up the value chain, allowing us to secure
higher-value jobs.
WORDS OF APPRECIATION & PROPOSED
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On behalf of the Board, I would like to take this opportunity
to express my sincere appreciation to our dedicated team
of management staff and employees for their commitment,
diligence and zeal, which has contributed to the continued
success of the Group. I would also like to thank our partners,
suppliers, customers and business associates for their trust
in us and support through the years. I look forward to many
more years of strong partnership.
Also, I wish to thank our key institutional investors, Credence
Partners and Zana Capital, who have given us their vote of
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for their support in aiding us to achieve this major milestone.
In order to reward our loyal shareholders for their enduring
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Singapore cents per share, subject to shareholders’ approval
at the forthcoming annual general meeting.
As the Group commences the next phase of our growth, we
aim to scale greater heights and achieve greater value for all
our shareholders in 2015 and beyond!
Yours Sincerely,
Thomas Tan Keng Siong
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