The Board of Directors (the “Board”) of Dyna-Mac Holdings Ltd (the “Company”), and together with its subsidiaries, (the “Group”) refers to the Company’s unaudited results for the third quarter ended 30 September 2020, where the Company had announced that the Group has stepped up efforts toexplore business opportunities with a view to extending its service offerings to complementary industries such as the clean/renewable energy sectors.
In connection with above, the Company wishes to further announce that it is currently repositioning its business to pursue opportunities in the global green hydrogen market, which is adjacent to its core capabilities.
In conjunction with this, the Company is currently evaluating the need to expand its yard facilities to fulfill potential demand by increasing its production capacity, maximizing operational synergies and to undertake new green hydrogen projects. The Group is also looking into applying its modular construction capabilities to the fabrication of green hydrogen modules. The Group will be looking into collaborating with design houses and equipment makers to fulfil its growth ambitions in
connection with the above
NextInsight
a hub for serious investors
