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ES Group (Holdings) Limited (5RC.SI)





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ES Group (Holdings) Limited ("the Company") and together with its subsidiaries ("ES Group" or "the Group") is a Singapore headquartered marine and offshore group that was established in 1975.

Listed on the Catalist board of the SGX-ST on 9 July 2010, ES Group builds, converts and repairs a wide range of ocean-going vessels, such as tugs, barges, rigs, offshore support vessels, oil tankers and cargo ships.

With operating experience of more than 30 years, ES Group has been a prominent sub-contractor of marine and offshore structures and vessels of all types and sizes, whether afloat or dry-docked for prominent Singapore shipyard operators including Sembawang Shipyard Pte Ltd, Keppel FELS Ltd and Singapore Technologies Marine Ltd.

Upon its listing in 2010, ES Group undertook a strategic shift to diversify its revenue streams. The Group ventured into Engineering, Procurement and Construction ("EPC") projects and vessel owning and chartering. The EPC strategy will secure direct contracts to increase the Group's revenue and profitability. The vessel owning and chartering strategy will generate a stable stream of recurring revenue for the Group in the medium to longer term.

Apart from gaining traction on the Group's turnkey engineering, procurement and fabrication capability and uncompromising quality and safety standards, ES Group believes that these new businesses will complement its traditional ship building and repair operations......
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Ong Beng Chye - Non-Executive Chairman and Independent Director

Ong Beng Chye is our Independent Director and was appointed to our Board on 23 November 2018. Mr Ong has more than twenty seven years of experience in areas such as accounting, auditing, public listings, due diligence, mergers and acquisitions, and business advisory. Mr Ong is a director of Appleton Global Pte Ltd, a business management and consultancy services firm. He is also an independent director of four other companies listed on the SGX-ST (namely Hafary Holdings Limited, Geo Energy Resources Limited, IPS Securex Holdings Limited and CWX Global Limited). In addition, from January 2016 to April 2018, Mr Ong was the non-executive chairman and independent director of Heatec Jietong Holdings Ltd. (an offshore marine company listed on the Catalist Board of SGX-ST), and from June 2011 to February 2019, Mr Ong was the lead independent director of Kitchen Culture Holdings Limited (a company listed on the Catalist Board of SGX-ST). Mr Ong is a Fellow of The Institute of Chartered Accountants in England and Wales, a Chartered Financial Analyst conferred by The Institute of Chartered Financial Analysts and a Fellow Chartered Accountant of Singapore. Mr Ong obtained a Bachelor of Science with Honours from City, University of London in 1990.

Low Chee Wee - Chief Executive Officer ("CEO") and Chief Operating Officer ("COO")

Low Chee Wee is our Executive Director and was appointed to our Board on 25 November 2009. He was re-designated as CEO on 18 August 2015 and expanded his scope of duty to assume COO role on 27 April 2016. His primary function is to formulate and oversee the corporate and strategic development of our Group. Prior to this, Mr Low was our CFO from 2001 to 2009 and 2014 to 2015. He started his career in 1995 as an Audit Assistant at Deloitte & Touche (now known as Deloitte & Touche LLP) and left in 1999 as an Audit Supervisor. From 1999 to 2001, he was the Finance Manager for Harringale International Pte Ltd, a project management company, where he was in charge of the finance and accounting matters of the company. Mr Low obtained a Bachelor of Accountancy from the Nanyang Technological University, Singapore in 1994 and is a non-practising member of the Institute of Singapore Chartered Accountants.

Eddy Neo Chiang Swee - Executive Director (Development)

Eddy Neo Chiang Swee is our Executive Director (Development) and was appointed to our Board on 25 November 2009. He is responsible for overseeing and managing our Group’s information technology, business development and receivables departments. Mr Neo joined our Group in 2000 as a Commercial Executive at Wang Fatt Oil and Gas Construction Pte Ltd, where he was in charge of preparation of sales quotation and invoicing matters. In 2001, he became a Commercial Executive of Eng Soon Engineering (1999) Pte Ltd where he was responsible for manpower and recruitment functions until 2004. He was promoted to Business Development Manager in 2005 and assumed responsibility for our Group’s receivables functions. Mr Neo obtained a Diploma in Electrical Engineering from the Ngee Ann Polytechnic, Singapore in 1997.

Tan Swee Ling - Independent Director

Tan Swee Ling is our Independent Director and was appointed to our Board on 8 June 2010. She is also a Director of Want Want Holdings Ltd (a company listed on the Main Board of the SGX-ST from 1996 to 2007) as well as its subsidiary, Want Want Food Pte Ltd. Prior to joining Want Want Holdings Ltd, she was a Treasurer at the investment banking arm of DBS Bank Ltd from 1994 to 1996. In 2000, she was also the Group Financial Controller for JK Yaming International Holdings Ltd (a company listed on the Main Board of the SGX-ST from 2001 to 2011), a position she held until 2002 while remaining as a Non-Executive Director of Want Want Holdings Ltd and Want Want Food Pte Ltd. Ms Tan obtained a Bachelor of Business Administration with Honours from the National University of Singapore in 1991 and is a Fellow of the Association of Chartered Certified Accountants.

Jens Rasmussen - Non- Executive Director

Jens Rasmussen is our Non-Executive Director and was appointed to our Board on 1 January 2010. Since 2008, he has been Project Manager for new building projects of accommodation and drilling vessels at Keppel FELS Ltd yard in Singapore and Yiulian Dockyard in China. Mr Rasmussen has also been the owner of Raza Service, a consultancy firm, since 2006. Mr Rasmussen has 33 years of professional experience in the marine and offshore industry, having been involved in the management, engineering, certification and construction of various types of new building and conversion projects associated with offshore oil and gas exploration and development, as well as shipbuilding. From 1984 to 2006, he was a General Manager with GVA Consultants AB, where he was responsible for sales, concept development of new oil and gas fields, deep-water drilling semisubmersibles, commercial and technical feasibility evaluation for floating offshore platforms. During the period between 2000 and 2004, he also held the position of Engineering Manager and Construction Manager (Korea) and Engineering Coordination Manager (Houston) at BP Exploration Company Inc. In 2006, he was a Project Manager with Frontier Drilling Inc., where he was responsible for overseeing the upgrade and refurbishment of a drillship in Keppel FELS Ltd. Mr Rasmussen obtained a Master of Science in Engineering from the Technical University of Denmark, Copenhagen in 1980.

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Listed Date 09 Jul 2010

Address 298, Moo 6, Soi S, Thaisaree 2
Suksuwad Road
Nai Klongbangplakod,
Samutprakarn 10290, Thailand

Telephone 662 425 0121

Facsimile 662 425 0122

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