Pulled from near-bankruptcy, Oceanus now aims to be global foodtech firm

Pulled from near-bankruptcy, Oceanus now aims to be global foodtech firm

SINGAPORE – The baptism of fire when chief executive Peter Koh first took the helm at Oceanus Group came in the form of a disgruntled shareholder asking if he could guarantee a turnaround of the abalone producer.

It was a timely question given the firm was about to go bankrupt under around $94 million in debt.