CHAIRMAN’S MESSAGE
COMPANY MILESTONES
FINANCIAL HIGHLIGHTS
COMPANY OVERVIEW
BOARD OF DIRECTORS
NAVIGATING CHALLENGES • EMBRACING DIVERSITY | ANNUAL REPORT 2015
09
fabrication and engineering workshop, the construction of a
quayside jetty and wharf improvements. These upgrades will
help us move up the value chain and secure higher-value jobs
in both oil and non-oil relatedmarket segments.
Towards the end of 2015, we have also obtained an offer to
renew the lease for our 9 Pandan Crescent yard for 20 years
starting from January 2016. Our waterfront engineering yards
remain a key competitive asset for our business andwe remain
committed to investing in their productivity for the years to
come.
Words of Appreciation&ProposedDividends
On behalf of the Board, I would like to express my sincerest
appreciation to our dedicated team of management staff
and employees. It is the severity of the storm that tests the
fortitude of the individual and all of you have shown tenacity
and made significant contributions to ensure the smooth
operation of the Group.
Iwouldalsoliketothankourpartners,suppliers,customersand
business associates for their trust in us and support through
the years. I hope to continue to forge strong relationships with
all of you to pull through this volatility and emerge even more
robust.
Also, I wish to thank our key institutional investors, Credence
Partners and Zana Capital, for their vote of confidence and
support during this time.
In order to reward our loyal shareholders for their enduring
support, the Board has recommended a final dividend of 0.3
Singapore cents per share, subject to shareholders’ approval
at the forthcoming annual general meeting.
As the Group begins 2016, we invite shareholders to stand
fervent as we strengthen Kim Heng as a whole and aim to
achieve greater value for all our shareholders.
Yours Sincerely,
Thomas Tan Keng Siong
Executive Chairman and Chief ExecutiveOfficer
