From left: Geohan Corp Bhd independent non-executive director Serene Hiew Mun Yi, non-independent executive director Lee Jie Min, independent non-executive director Datuk Choy Kah Yew, managing director Lee Kim Seng, independent non-executive chairman Datuk Mohd Asbi Othman, non-independent executive director Oh Chin Wah and independent non-executive director Soh Eng Hooi.
KUALA LUMPUR: Geohan Corporation Bhd
is prioritising its expansion into Singapore as it strengthens its regional presence following its Main Market debut.
Geohan’s managing director Lee Kim Seng said the group has laid out a clear and ambitious roadmap for its future growth.
"We are all set to capture the opportunities coming from Malaysia’s expanding infrastructure sector and Singapore’s booming construction activities.
"Our extensive industry experience and expertise as a one-stop foundation and geotechnical specialist provider give us a competitive edge in securing a fair portion of foundation and geotechnical contracts,” he said during the company’s Main Market listing ceremony here today.
Geohan specialises in foundation and geotechnical works such as slope stabilisation and piling, as well as sub-structure services.
At the opening bell, Geohan opened at 54 sen in its Main Market debut on Bursa Malaysia, one sen below its initial public offering price of 55 sen, with 1.56 million shares traded.
Meanwhile, Geohan’s non-independent executive director, Oh Chin Wah, said the group is preparing the necessary registrations and certifications required to qualify as a contractor in Singapore’s highly regulated infrastructure sector.
"Our strategy is that we always want to start with a small team first. We are currently focusing on those important infrastructures in Singapore.
"To be in this Singapore market, we need to be a qualified contractor to work under those infrastructures as well as get the necessary permits,” he said.
Upon entering the market, the company plans to familiarise itself with the sector before expanding into other areas, including commercial projects.
Oh said the company will also hire Singaporean talent to strengthen its understanding of the local market and support its long-term expansion plans.
"Since we are growing our presence in Singapore, we can offer growth opportunities to residents there who are willing to join us.
"That will give them a better opportunity to establish a career in their own country,” he said. - Bernama
