Kim Heng signs MoU with subsea cable installer for offshore windfarm cable-laying projects in Taiwan
Kim Heng Offshore & Marine Holdings Limited, an established integrated offshore and marine value chain services provider, has announced that its wholly owned subsidiary Kim Heng Shipbuilding & Engineering Pte Ltd (“KHSE”), has entered into a Memorandum of Understanding (“MOU”) with an established subsea cable installer to collaborate with each other in respect of the offshore windfarm cable-laying projects in Taiwan, the company said in its release. The Parties have agreed to cooperate to pursue submarine cable-laying work for the Taiwan windfarm renewables projects and will work towards signing a formal contractual agreement. The Company will make further announcements when there are material updates to the MOU and related matters contained in this press release. None of the Directors, controlling shareholders or substantial shareholders of the Company has any interest, direct or indirect, in the abovementioned MOU, save for their shareholdings in the Company (if any).
About Kim Heng Offshore & Marine Holdings Limited
With 50 years of experience and listed on the Catalist Board of the Singapore Exchange Securities on the 22nd of January 2014, Kim Heng Offshore & Marine Holdings Limited is an established integrated offshore and marine value chain services provider, engages in different stages of offshore oil and gas projects from oil exploration to field development and oil production. Kim Heng has built its brand over the years and currently caters to world renowned customers from over 25 countries in the regions of Southeast Asia, USA, Latin America, Australasia, Middle East and Europe. The Group’s operations are strategically located in Singapore, with two shipyards at 9 Pandan Crescent and 48 Penjuru Road. The shipyards, consists of a combined waterfront of 205 metres, enable the Group to carry out afloat repairs, fabrication, newbuild, painting and blasting works. Kim Heng’s three main business segments.