Perhaps companies are trying to quickly check off their yearly resolution to list on SGX before the year ends, as there seems to be a sudden uptake in companies listing.
Hot off the heels of Trans-China Automotive IPO launch just two days ago and reports that of SGX’s few SPAC listing applications by Tikehau Capita, Vertex Holdings, and Novo Tellus Capital Partners, mooring company Mooreast has on Nov 3 just submitted its preliminary offer document to SGX.
Mooreast started off servicing the offshore and marine (O&M) segment, providing mooring services to vessels. But it was in the recent years, following the nuclear incident in Japan, that the world has been transiting towards looking for cleaner, safer and more sustainable energy sources. Mooreast was then brought into testbed mooring windmills in the middle of the seabed.