Mooreast Holdings to acquire a 98,919 sqm facility from Seatrium subsidiary, quadrupling production capacity in Singapore for the renewable sector.
SGX-listed Mooreast Holdings Ltd plans to acquire a 98,919 sqm (approx. 1.1 million sqft) facility from Seatrium's subsidiary, quadrupling its production capacity in Singapore to cater to the fast-growing floating offshore renewable sector. The acquisition will be funded through internal resources. Mooreast, a specialist in total mooring solutions, has been granted an option to purchase 60 Shipyard Crescent by Seatrium New Energy Limited, a wholly-owned subsidiary of Seatrium.
June 18, 2024
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