• With an asset-light and service-oriented business model that is anchored by its two core business divisions, IE and CP, the Group continue to perform resiliently within the marine and offshore energy market.
  • Announced partial land sales and asset disposals with an aggregate consideration of approximately S$22.5 million in cash as part of its monetisation and deleveraging initiatives.
  • Financial turnaround with profitability achieved.


  • Re-focus on new opportunities with our core activities of Infrastructure Engineering and Corrosion Prevention to create more recurring income streams and enhance the Group’s business sustainability.
  • Streamlining the Group’s capex-heavy business activities.


  • Chua Beng Yong appointed as Executive Director on 10 May 2021 and re-designation to Executive Chairman on 03 January 2022.
  • Appointment of new CEO Yong Jiunn Run on 02 June 2021.
  • Turnaround Plan and Strategic Review in progress.
  • Completed share placement of 27 million new ordinary shares at $0.05 per share.
  • Proposed share placement of 37.2 million new ordinary shares at an issue price of S$0.09 per share, raising gross proceeds of approximately S$3.35 million.
  • Issued a notice of redemption to the holders of the bonds (with a coupon rate of 9% per annum) in principal amount of S$4 million due 26 April 2022.


  • TOP – A&A HQ Office & Yard at Shipyard Road.


  • On-site offshore repairs & maintenance services via ASOM.
  • Supply cranes & deck equipment.


  • Expanded our services to include metalizing services.


  • Secured largest single contract worth US$21.0 million and US$31.25 million to construct 2 Semi-submersible barges.


  • Ventured into the Shipping business.


  • Acquired a 30yr leasehold land, approx 32.8 hectare (with 460m waterfront) in Batam, Indonesia.
  • Transferred to Mainboard.


  • Listed on Singapore Stock Exchange.


  • Entered into partnership with Labroy Marine Ltd.


  • Privatisation of the company “Beng Kuang Marine Pte Ltd”.


  • Started as sole proprietorship by Mr Chua Beng Kuang