Our History & Milestones

See how we have transformed from an Abalone Hatchery to a FoodTech Company focusing on Food Security & Sustainability

2008

OCEANUS GROUP LIMITED LISTED ON SGX

2012

1ST AUDIT DISCLAIMER

Due to unascertainable biological asset mortality losses, lack of internal controls, corporate governance framework, and insufficient evidence on rights of ownership of assets and farms in China.

2013

OCEANUS ABALONE FARMS WERE DAMAGED BY TYPHOON USAGI

Trading was suspended due to abnormal abalone deaths

2014

DEFAULTED ON TOTALLING DEBTS S$94 MILLION

With a negative net asset position of approximately S$66 million. Creditors assumed full control over Oceanus' farming assets and began debt enforcement proceedings.

2015

MR PETER H. K. KOH, PBM APPOINTED AS GROUP CEO TO SPEARHEAD OCEANUS' TURNAROUND

Outlined cost-cutting measures and commenced our transition to hatchery business model

2016

OUTLINED PROGRESS IN TURNAROUND STRATEGIES

• Successful transition of business model from farming to hatchery Securing of first Original Equipment Manufacturer (OEM) sales order

• 60% reduction in overheads and expenses

Launched Oceanus Abalone for shareholders. Regained control of farms.

2017

COMPLETED DEBT RESTRUCTURING EXERCISE

And eliminated all debt through cash repayments and debt-to-equity conversion. Received $$6 million in fresh equity injection, resulting in a net asset positive position.

2018

REVAMPED OUR STRATEGY WITH 4 PILLARS OF GROWTH

To build sustainability today for the security of tomorrow, we believe in building a synergistic ecosystem through our 4 Pillars of Growth, to empower our partners in collaborative innovation that makes an exponential impact as a group.

2019

INCORPORATED ASIA FISHERIES (FKA OCEANUS FEED)

To expand our seafood range and distribution markets.

AQUIRE AP MEDIA

To support our digital media needs.

2020

Long-term strategic shareholder, Alacrity Investment Group Limited acquired a significant stake in Oceanus. This represented the exit of Oceanus' last major ex- creditor and

HERALDED CONFIDENCE IN ITS LONG-TERM GROWTH STRATEGY.

1ST 'CLEAN' UNQUALIFIED AUDIT STATUS

that marked the successful resolution of all legacy iss that caused disclaimer of opinion from FY2011-FY201

ACHIEVED A NET PROFIT GROWTH OF S$8.6Million

and record-high revenue of $$91.7 million, the highest turnover since our listing in 2008.

INCORPORATED SEASON GLOBAL TRADING

To access new geographical markets

2021

SGX WATCHLIST EXIT

THE CLOSING OF A CHAPTER

The first time in SGX-ST's history, whereby a company achieves a successful turnaround.

Anchoring our 4 Pillars of Growth

Learn how we are performing sustainably with our 4 Pillars of Growth
Learn More