+ - The Build Up (2018 - 2020)

Nov-20 Q3 2020 revenue surges to RMB175.3 million, a 364% increase from Q3 2019 revenue, the highest turnover since FY2011
Nov-20 Signs an agreement to set up world’s first Oceanus FoodTech Hub in Hainan, China
Sep-20 Invests in Universal Aquaculture for Deep Tech Indoor Farming
Aug-20 Achieves Profit on Strong 110% Revenue Growth to RMB40.4 M for 1H 2020
Jun-20 First ‘Clean’ Unqualified Audited Report in 9 Years
Mar-20 Full redemption of Barramundi Asia debt investment
Feb-20 Divestment of subsidiary Alps Group Pte Ltd
Jan-20 Incorporation of Season Global Trading Pte Ltd
Oct-19 Equity investment in Pelamis 98
Apr-19 Incorporation of Oceanus Feed Pte Ltd (now Asia Fisheries Pte Ltd)
Mar-19 Acquisition of AP Media Pte Ltd
Mar-19 Upgraded auditor’s opinion to ‘qualified’
Dec-18 Acquisition of Alps Group Pte Ltd
Sep-18 Debt investment in Barramundi Asia
Apr-18 Incorporation of Oceanus Oceanic Institute
Feb-18 Incorporation of Oceanus Investment Holdings Pte Ltd, and 51%-owned Branding and Media arm, Capy Comm Pte Ltd.

+ - The Clean Up (2015 - 2017)

Dec-17 Oceanus establishes 75%-owned trading company, Xiamen Oceanus Import and Export Ltd
Dec-17 Oceanus completes debt restructuring, removing all debt through cash repayments and debt-to-equity conversion.Achieved S$6.0 million in fresh equity injection from new investors to strengthen war chest for turnaround; turns net asset positive by end-FY2017
Nov-17 Oceanus inks MOU with James Cook University to further aquaculture R&D efforts as technology partners in the presence of Dr Koh Poh Koon, Senior Minister of State, Ministry of Trade and Industry & Minister of National Development. Jointly establishes Oceanus Innovation Centre @ Temasek Polytechnic at both Oceanus’ farms in China and Temasek Polytechnic’s campus.
Oct-17 SIAS hosted and moderated a successful dialogue session between Oceanus shareholders and the Group’s senior management and professional advisors.
Oct-17 Oceanus collaborates with Temasek Polytechnic to pursue cutting-edge aquaculture technology
Apr-17 Incorporation of wholly-owned subsidiary, Oceanus Tech Pte Ltd, the Group’s consulting arm.
Mar-17 Oceanus sells 13 of its abalone farm plots in the PRC; part of proceeds utilised to pay down outstanding debt post-restructuring.
Jan-17 Oceanus signs binding term sheet with all three key creditors to advance with debt restructuring, converting 76.4% of outstanding debt into new shares.
Sep-16 Oceanus progresses with debt restructuring, signing term sheet with two of three key creditors.
Jan-16 Oceanus outlines progress of turnaround strategies, including the successful transition of its business model to hatchery from farming; securing of its first OEM sales order, 60% reduction in overheads and expenses, as well as an increased emphasis on R&D and adoption of the science-and-evidence-based farming approach.
Dec-15 In line with cost-cutting measures, Oceanus moves from Robinson Road to new office in Harrison Road.
Sep-15 Completed 2014 Loan and Warrants and Existing Loan and Warrants Restructuring.
Jan-15 Oceanus outlines cost-cutting measures, commenced transition to hatchery business model from farming.
Dec-14 Mr Peter Koh was appointed as Group CEO to spearhead Oceanus’ turnaround.

+ - Turbulent History (2011 - 2014)

Sep-13 Oceanus Group defaulted on its debt totalling SGD94 million and was in negative net asset position of approximately SGD66 million. Creditors had full security over the farming assets of Oceanus Group began taking debt enforcement steps
Sep-13 Oceanus Abalone farms damaged by Typhoon Usagi
Aug-13 Suspended Trading due to abnormal deaths of abalones
Mar-12 1st Audit Disclaimer. Issues include unascertainable biological asset mortality losses, lack of internal controls and corporate governance framework, insufficient evidence on rights of ownership of assets and farms in China and significant doubts in the company’s ability to continue as a going concern.
May-08 Oceanus Group Limited listed in SGX