Aztech acquires shipyard in diversification move

ELECTRONICS and LED lighting provider Aztech Group has diversified into the ship-building segment, announcing yesterday the acquisition of a shipyard.

The mainboard-listed company has acquired the leasehold interest of the shipyard by acquiring full control of a company now known as AZ Marine Offshore Services.

Occupying a site area of about 251,500 square feet and water frontage of some 2,475 feet, the shipyard, located on Pandan Road, consists of a part four-storey/part six-storey detached factory with an open yard and jetty.