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  • Offshore equipment handled by Sinwa

11.02.2019

Artikel Nummer: 26369

Swiss enterprise snaps up major stake in Sinwa


Listed on the Singapore Stock Exchange, Sinwa Group is one of Asia Pacific’s major marine supply and logistics companies serving more than 100 ports from twelve offices in Singapore, China, Australia, Malaysia and Thailand.

 

The private Swiss bank, SYZ Capital, has now purchased a majority stake in Sinwa. It is the group's first direct investment in a market leader. With this transaction, Sinwa will once again become privately owned.

 

The shipping industry has been subject to stormy seas in recent years. Despite that, Sinwa's revenue rose by 13.4% year-on-year to SGD 172.6 million (USD 128 million) in fiscal 2017, and its net earnings amounted to SGD 9.5 million (USD 7 million).

United Overseas Bank is acting as financial advisor for the transaction and providing debt financing. (kd)

www.sinwaglobal.com

www.syzgroup.com

 

 

 

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