Pacific Radiance heading for mainboard listing

SINGAPORE-based offshore marine group Pacific Radiance is soon to be listed on the Singapore Exchange (SGX) mainboard to raise capital for expansion.

Loo Choo Leong, its group finance director, told The Business Times: "We are in a capital-intensive business and we have been growing quite aggressively over the past few years. However, the market is still very robust and is still seeing good growth ahead. So we are raising capital to increase our capacity and also to capture our strategic initiatives."

The group was granted a conditional eligibility to list on the SGX mainboard last month.