EMAS Offshore launches Singapore listing

EMAS Offshore Ltd.

EMAS Offshore Ltd., formerly known as EOC Ltd., has launched its public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore (MAS), in conjunction with the proposed listing on the Main Board of the Singapore Exchange Securities Trading Ltd. (SGX-ST). The Group is offering 48,585,000 shares priced at S$1.21 per share.

With the Singapore listing, EMAS says it will be the first company to dual-list in Norway and Singapore to raise funds.

Three of the major banks in Singapore, namely DBS Bank Limited (DBS), Oversea-Chinese Banking Corp. Ltd. (OCBC), and United Overseas Bank Limited (UOB) are engaged to assist the company on the proposed dual listing on SGX-ST. It is led and underwritten by DBS. OCBC has been appointed as joint bookrunner and underwriter with DBS, and UOB as co-lead manager for the listing.

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