Sustainability Today for the Security of Tomorrow
When I joined the Oceanus six years ago, I made a promise to all shareholders to clean up our operations, pull the company out of the red and set it on a path to growth. Naysayers and critics were plenty, but I never once lost heart. The motivation to continually push ahead, was deeply driven by your belief in me and my team’s unwavering support.
As we concluded our Build Up phase, we are pleased to announce that we have achieved a significant milestone recording our highest turnover since the Group’s listing in 2008. This underscores the success of our business transformation for our food production segment, and strategic diversification since 2018, through four synergistic growth pillars – Food Production, Distribution, Services and Innovation.
Therefore, it brings me great pride and joy to say that this promise has been fulfilled. Oceanus has truly transformed from a debt-ridden and distressed company into one a multi-product and multi-country company.
I am excited as I look forward to the new future of Oceanus Group. Even as my earlier promise has been fulfilled, we will not simply rest on our laurels. There is still much to do and greater heights for the Group to reach. We will push on.
Oceanus holds firm to the idea that research and development is key to being at the forefront of the industry, and continues to engage educational institutions and agencies to collaborate on cutting-edge projects to surpass the boundaries of aquaculture.
For the “hardware” tech-up plan, we will be setting up the world’s first Oceanus FoodTech Hub in Hainan, a key aquaculture centre for seafood in the region. During the first phase, Oceanus FoodTech Hub will produce approximately 200 tonnes of seafood for the first year of production before gradually increasing to approximately 1,000 tonnes of seafood in the following years.
Oceanus will build on the network and strength of its four business units through digital transformation, thereby harnessing greater synergy across the Group’s Pillars. We will also look to establish a digital exchange platform for our distribution network that will enhance our presence globally. Businesses would be able to access our massive distribution portfolio on the exchange. More importantly, the digital exchange will give businesses the ability to better oversee product delivery and quality and will be instrumental in supporting our distribution network.
The COVID-19 situation has also underscored the importance of food production and food security, and we are committed to continue making headway in the Food Security and Food Tech space. As we embark on our digital transformation, we are confident that we will be able to enhance working synergies across our business pillars through technology.
A Special Thanks
Our shared success today is only possible because of the person reading this – You. You have been there with us throughout this journey, and for that, I will always be grateful. Your trust and support have not been in vain. I also wish to extend my appreciation to the whole Oceanus family for their resilience, commitment, and hard work. As we continue to transform, we will never stop staying true to our promise on building sustainable value for all stakeholders.
Peter H.K. Koh, PBM
Executive Director & Group CEO