S$2.0 Million Share Placement Underscores Investors` Confidence

PRESS RELEASE
S$2.0 Million Share Placement Underscores Investors’ Confidence in EMS’s
Future Growth
Singapore, 16 May 2015 – EMS Energy Limited (“EMS” and together with its subsidiaries, the “Group”) announced
today that it will raise approximately S$2.0 million from placing new shares to seven investors to fund the Group’s order
book and for working capital.
SGX Catalist-listed EMS, which has recently announced a proposed merger with turnkey Engineering, Procurement and
Construction Management Player, Koastal Pte Ltd (“Koastal”), said that it had entered into subscription agreements to
place a total of 88.0 million new EMS shares at 2.3 Singapore cents each. The proposed merger with Koastal will
transform EMS into a turnkey EPCM service provider with both manufacturing and fabrication capabilities for larger and
higher-value projects.
The placement will enlarge the provider of engineering offshore and marine solutions, customized equipment and
contract manufacturing’s share capital base from 1.48 billion shares to 1.57 billion shares. The new shares represent
approximately 5.94% of the existing share capital and 5.61% of the enlarged share capital of EMS.
Asian Trust Investment Pte Ltd (“Asian Trust”) – EMS’ second-largest shareholder – will subscribe for 6.5 million new
shares and hold 7.43% of the enlarged issued and paid-up share capital of the Group. The other six placees are Mr. Peh
Oon Kee, Mr. Kaedjohare Ismail Chechatwala, Mr. Pei Sim Kwee, Mr. Peck Chuan Yong, Mr. Lee Loi Sing, and Mr. Toh
Kee Sung.
The placement price of 2.3 Singapore cents per share is equivalent to the weighted average price for trade of EMS
shares done on 13 May 2015, being the last full market day prior to the date of the agreements, and up to the trading
halt of shares on 14 May 2015.
Mr. Ting Teck Jin, Executive Chairman and CEO of EMS, said, “This placement underscores investors’ confidence in
EMS’s ability to weather through this challenging period in our industry and coming out stronger than before. As we chart
a new chapter of growth through the proposed acquisition that will accelerate our shift up the value chain, we appreciate
the continued support and confidence by Asian Trust and other investors in EMS. Our board and management team are
heartened by their confidence and support, and are committed to take EMS to greater heights.”
“Despite the retracement in oil prices, we are seeing substantial spending in the oil and gas sector, particularly in the
Middle East. The world’s largest oil exporter, Saudi Aramco, announced plans to spend approximately US$80 billion in
overseas acquisitions and investments over the next five years, focusing on Asia1. This comes at a time as we enter a
new growth phase and will accelerate our transformation.” he added.
Mr. Pai Keng Pheng, Director of Asian Trust, which is currently the second largest shareholder of EMS, and a prominent
figure in the oil and gas (“O&G”) industry, said, “EMS is entering an exciting phase with the upcoming merger that will
transform it into an integrated one-stop solutions provider for the marine and O&G industries. We believe that the O&G
industry continues to show opportunities for growth, especially in the Middle East and have confidence in the
management’s foresight and direction. We are glad to be a part of EMS’ transformation.”
1. http://www.bloomberg.com/news/articles/2015-05-11/saudi-aramco-said-to-plan-spending-80-billion-overseas
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End of Press Release
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Media & Investor Contact Information
Xprexo Networks Pte Ltd
[email protected]
Tel: (65) 6532 7051
EMS Energy Limited
Haze Zhang, [email protected]
Tel: (65) 6861 2722
About EMS Energy Limited
Listed in 2003, EMS Energy Limited is an established provider of engineering solutions for the marine, oil and gas
industries. Established in 1977, EMS Energy designs, manufactures and installs engineering solutions and products
such as drilling and well intervention systems, deck machineries, offshore cranes, and other mechanical load handling
systems. In addition, it also offers its customers’ aftermarket services such as commissioning, inspection, training,
conversion, retrofitting, maintenance, repair and overhaul as well as spare parts procurement. With its track record,
experience and expertise along with certifications from the American Petroleum Institute, EMS Energy serves customers
across China, Europe, India, Indonesia, Malaysia, Russia, Singapore, South Africa, Thailand, United Arab Emirates,
United States, and Vietnam.
More information on EMS Energy is available at www.emsenergy.com.sg
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, UOB Kay
Hian Private Limited (the “Sponsor”) for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently
verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents
of this announcement, including the correctness of any of the statements or opinions made or reports contained in this
announcement.
The contact person for the Sponsor is Mr Alvin Soh, at 8 Anthony Road #01-01 Singapore 229957, telephone (65) 6590 6881.
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