Ocean Vantage confident on expansion plans

TheStar Thu, Jul 23, 2020 08:40am - 3 years View Original


Bursa debut: (from left) Ocean Vantage director Tham Choi Kuen, chairman Nor Azzam Abdul Jalil, directors Ilham Fadilah Sunhaji and Reza-Rizvy Ahmad Rony Assim, M&A Securities Sdn Bhd corporate finance managing director Datuk Bill Tan, Ocean Vantage Holdings executive directors Yau and Martin Philip King Ik Piau and Ngalin at the company’s listing ceremony on the ACE Market.

KUALA LUMPUR: Despite the flux in oil prices and upheavals in the first half of the year, Ocean Vantage Holdings Bhd managing director Kenny Ronald Ngalin and executive director Stephen Yau Kah Tak are confident that the group’s expansion plans will proceed as planned over the next two years.

Aside from broadening its range of support services and venturing further into its downstream oil and gas (O&G) segment, the group will also be continuously looking into areas of new opportunities, including the possibility of diversifying into renewable energy-related support services.

When asked about the impact of the pandemic on the Sarawak-based O&G integrated support services provider business, Ngalin said that its nine-year history speaks to its resilience.

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