Oiltek International Limited, a leading provider of integrated process technology and renewable energy solutions, has successfully transitioned from the Catalist Board to the Mainboard of the Singapore Exchange (SGX). This move, approved by shareholders on 25 April 2025, marks a significant milestone for the company, enhancing its visibility and access to capital.
The company’s Executive Director and CEO, Henry Yong Khai Weng, expressed optimism about the transfer, stating, “With the transfer to the SGX Mainboard, we will gain greater visibility, liquidity and access to capital, which will help propel our next phase of exponential growth.” Oiltek’s share price closed at S$0.605, bringing its market capitalisation to S$259.55 million.
Oiltek’s journey began with its initial public offering on the Catalist Board in March 2022 at S$0.23 per share. The company’s share price has since increased nearly sixfold, reaching an all-time high of S$1.45 in May 2025. This growth is attributed to its robust financial performance and strong order book.
In addition to the listing transfer, Oiltek completed a two-for-one bonus share issue, increasing its total shares to 429 million. SAC Capital, Oiltek’s Catalist sponsor, highlighted the significance of the transfer, noting it as a testament to the company’s strong fundamentals and active investor engagement.
Oiltek International, with over 44 years of experience, continues to expand its global footprint, providing innovative solutions across the vegetable oil industry. The company operates in three key areas: Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading.
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