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Sin Heng Heavy Machinery Limited is a heavy lifting service providers servicing the infrastructure and geotechnic, construction, offshore and marine, oil and gas industries.
Equipment Rental Business
The Group serves mainly customers in Singapore in the following industries:
Infrastructure and Geotechnic:
The Group's cranes are used in the launching of heavy precast columns, slabs and beams.
Construction:
The Group's cranes are used in construction of buildings and upgrading works.
Offshore and Marine:
The Group's cranes are used in the fabrication of oil rigs and deep sea-going vessels.
Oil and Gas:
The Group's cranes are deployed for the construction and maintenance of petrochemical plants and refineries.
Trading Business
The Group serves a wide customer base comprising more than 100 customers spanning USA, Europe, the Middle East, Asia, Australia and Africa.
With a focus on the mid-to-high lifting capacity segment, the Group's two core complementary business activities are the Equipment Rental and Trading of rental of cranes and aerial lifts. As part of the equipment rental business, the Group also undertake turnkey project engineering services which are currently being carried out mainly in Singapore. In addition, the Group also undertakes sales and distribution of spare parts for cranes and aerial lifts.
Invitation in respect of 168,000,000 Invitation Shares (comprising New Shares and 80,000,000 Vendor Shares):
(a) 9,600,000 Offer Shares at S$0.26 for each by way of public offer; and
(b) 158,400,000 Placement Shares by way of placement, comprising:
(i) 141,300,000 Placement Shares at S$0.26 each for applications Placement Shares Application Forms (or such other forms of applications Placement Agent deems appropriate);
(ii) 300,000 Internet Placement Shares at S$0.26 each for applications the internet website of DBS Vickers Securities (Singapore) Pte. Ltd.; and
(iii) 16,800,000 Reserved Shares at S$0.26 each reserved for our employees, associates and those who have contributed to the success of our Group,
payable in full on application (subject to the Over-allotment Option).
Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...
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