.jpg)
Singapore Exchange (SGX) is pleased to welcome the listing of Triyards Holdings on Mainboard under the stock code, “RC5”.
Triyards offers a broad spectrum of engineering and fabricating services focused on the oil and gas market. A leader in the fabrication of Self-Elevating Units in Southeast Asia, Triyards is seeking to expand into Australia and Brazil in the near future.
The listing of Triyards follows the distribution of 33% of Triyards shares to shareholders of Ezra Holdings on the basis of one Triyards share for every 10 Ezra shares held.
Mr Wong Bheet Huan, CEO of Triyards Holdings Limited, said "We are delighted with the successful listing of Triyards on the SGX Mainboard, which will allow us to chart our own future while remaining a valuable member of the Ezra Group. This listing will enable us to build up our brand further and exploit growth opportunities that will propel us forward in our journey to becoming a world-class provider of engineering and fabrication solutions to the offshore sector. We would like to thank all our stakeholders for their unequivocal support – the confidence they have demonstrated in the company's future has opened up promising horizons that will see Triyards achieve sustainable long-term growth."
“We are delighted that Triyards is following the footsteps of its parent company to leverage on our listing platform to fund its business expansion. Its listing will add to our well established maritime and offshore cluster and we look forward to welcoming more of such companies to SGX,” said Mr Lawrence Wong, Head of Listings at SGX.
With an estimated market capitalization of S$140m, the listing of Triyards Holdings Limited brings to 46 the total number of listed companies in the maritime and offshore oil and gas services-related sector.
