Corporate digest

EMS Group

THE newly enlarged EMS Group - a result of the merger of Singapore-listed EMS Energy and Koastal Group - has signed a binding letter of intention (LOI) with an Asia-based shipyard worth US$570 million. The LOI is for the supply, testing and commissioning of up to six sets of major equipment package for rigs, said the firm. The group expects to enter into formal contracts with the buyer by end 2015. It said the contract is expected to have a significant positive impact on the group's financial performance for financial years 2016 to 2019.

Sim Lian Group