Dyna-Mac Holdings

The group has entered into a five-year memorandum of understanding with Keppel Shipyard Limited to explore "potential business relationships and opportunities" between the two on a non-exclusive basis. The agreement supersedes an earlier one made in July 2010.

Keppel Shipyard is a wholly-owned subsidiary of Keppel Offshore & Marine, which is in turn a holding company of KS Investments. KS Investments is a controlling shareholder of Dyna-Mac with a 24.43 per cent interest.