Oiltek Seeks Transfer to SGX Mainboard

MT Newswires

02/18

Oiltek International (SGX:HQU) has applied to move its listing from the Singapore Exchange's Catalist board to the Mainboard, citing consistent profit growth and global expansion, according to a Monday filing on the Singapore Exchange.

The Malaysian engineering firm, listed since 2022, said net profit rose from 9.71 million ringgit in FY21 to 29.64 million ringgit in FY24. It expects the move to boost market visibility, attract institutional investors, and support future fundraising.

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