Shareholders of Gaylin Holdings, a specialist provider of products, services and solutions to the global offshore oil & gas and maritime industries, have voted 100% “for” the proposed name change of the Group to AMOS Group Limited.

Stock price 

2.8 c

52-week range

2.8 - 10 c

PE (ttm)

--

Market cap

S$73 m

Shares outstanding

2.6 b

Dividend 
yield 
(ttm)

--

Source: Yahoo!

The stock will trade on SGX under the new trading counter name on 26 Nov 2018.

The name change follows the Group’s recent acquisition of a 100% stake in AMOS International Holdings Pte. Ltd., an established provider of marine transportation supplies, services and logistics solutions. 

perrykennedy
“The merger of Gaylin and AMOS has created a strong combined entity, AMOS Group Limited. The integrated platform will allow us to play out the value of a capable and unified team, our collective capabilities, and a single streamlined network. While we make progress towards our mission to becoming a leading international provider of diversified products, services and solutions, our business partners will benefit from increased efficiencies and valuable economies of scale.”

-- Perry Kennedy,

CEO, Gaylin Holdings
(He joined in April 2018)

The Group’s registered address has been changed to 156 Gul Circle, Singapore 629613.

The Group will be participating in OSEA Singapore from 27-29 Nov and will launch its new company name and corporate logo at the exhibition.

OSEA is one of the most recognized events for the oil and gas industry and consistently attracts a high level of international participation. This year, the organizer expects 18,000 trade attendees.

Recent business updates
1. The Group has entered into a major marine supply and service contract with one of the largest marine procurement pools in the world for the procurement of ship supply and consumables for their pooled fleet.

The Group has secured the service commitment for two of their business locations with a potential annual contract value of approximately S$12 million. The opportunity of extending this collaboration to other areas will also be explored.

2. AMOS and Samson, the world’s leading producer of high performance synthetic ropes, have entered into an agreement to install production machinery in AMOS’ Rigging Solutions Centre in Singapore to manufacture the AGILE™ Lifting System.

AGILE is a patented system that combines the advantages of both round and rope slings into one lightweight, easy-to-handle rigging system for heavy offshore payloads.

AGILE™ Lifting System’s unique and innovative design enables the component ropes to be repurposed to other lift requirements, providing cost savings to customers.

Established 140 years ago with a proven record with LNG and tanker experience, Samson will also be working closely with AMOS providing access to its mooring services and support via AMOS’ global customer network.

3. The Group has entered into an exclusive supply and service agreement for Singapore with “William Hackett UK” to bring their superior range of mechanical hoisting equipment to the Singapore market. This includes type approved subsea hoists as well as an exciting new dual speed hoist designed for shipyard and heavy lift installation applications.

From AMOS certified service centres, the Group will offer these industry leading lifting solutions to clients in the marine, offshore oil and gas, and petrochemical sectors.

4. Following the Group’s long-standing success with “Crosby” lifting products in the UK, Caspian and China, the AMOS Rigging Solutions Centre in Singapore has now been added to its global service network. Customers can access the complete range of world leading Crosby products from AMOS along with technical and product support.

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