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SBI Offshore Ltd (SBIO.SI)

SBIO.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

SBI Offshore Limited expects to report a loss for FY 2016
Monday, 6 Feb 2017 04:37am EST 

: Group expects to report a loss for fy2016 .Expected results due to lower revenue amid challenging economic conditions in fy2016.  Full Article

SBI Offshore announces termination of a JV and proposed acquisition of assets
Monday, 1 Aug 2016 06:59am EDT 

SBI Offshore Ltd : Termination of joint venture and proposed acquisition of assets from the Grass Group) . Termination on joint venture and proposed acquisition of assets from the gräss group . Group intends to continue to pursue solar photovoltaic energy business opportunities .  Full Article

SBI Offshore says Group expects to report a loss for HY 2016
Friday, 29 Jul 2016 05:10am EDT 

SBI Offshore Ltd : Group expects to report a loss for hy2016, primarily due to lower revenue amidst challenging market conditions in hy2016 .  Full Article

SBI Offshore Ltd says Tan Woo Thian resigns as CEO
Thursday, 17 Mar 2016 06:48pm EDT 

SBI Offshore Ltd:Says resignation of tan woo thian as executive director and CEO.Says re-designation of chan lai thong from executive chairman to chief executive officer.Says chan will also relinquish his position as the chairman of the board.  Full Article

SBI Offshore says unit receives letter of award for sale of solar power in the Maldives
Thursday, 1 Oct 2015 05:30am EDT 

SBI Offshore Ltd:Unit Graess Energy Pte Ltd received a letter of award for the sale of solar power in the Maldives.Says total revenue from the sale of power is expected to be about US$550,000 per year.Says a power purchase agreement ("ppa") is expected to be signed in the middle of October 2015.PV system will have an initial generation capacity of 1.5 megawatts and its total cost is expected to be in the region of US$3.5 million.PPA is not expected to have a material impact on group's EPS and NTA per share in current FY ending 31 December 2015.Says pv system is expected to be completed in the first quarter of 2016.  Full Article

SBI Offshore Ltd says proposed acquisition of assets from Gräss Group
Monday, 3 Aug 2015 07:43am EDT 

SBI Offshore Ltd:Says proposed acquisition of assets from the gräss group.Says consideration for the 51% ownership of the assets is S$14 mln.Says entered into an addendum with gssr to the jva to inject the assets of the gräss group to graess energy.Balance of cash of S$2.3 million as part of the consideration will be funded by the company's internal cash resources.Antos Jerzy Glogowski of GSSR, shall be appointed as the Chief Executive Officer of Graess Energy.  Full Article

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