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Oceanus exits watchlist, eyes fundraising as it gears up for ventures in food security

The Edge Singapore
The Edge Singapore9/30/2021 9:3 PM GMT+08  • 5 min read
Oceanus exits watchlist, eyes fundraising as it gears up for ventures in food security
"I'm a strong advocate of what (former UK prime minister) Winston Churchill says: 'You never waste a crisis,'" says Koh.
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Oceanus Group, finally released from the Singapore Exchange (SGX) Watchlist after six years, is gearing up to execute growth plans that will see it becoming a key regional player in the critical business of food supply and security.

Oceanus, as an abalone farmer, was brought to its knees after the bulk of its then abalone stock died. Exiting from the watchlist is a clear indication the company has put that part of the chapter behind.

In February, the company managed to report a full-year net profit of $8.6 million for FY2020 ended December 2020, but the exit from the watchlist was nowhere in sight for months.

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