Hong Kong's Titan Petrochemicals is investing in a new shipyard in Singapore as it continues its yard business comeback.
It has entered into a non-legally binding memorandum of understanding with EMS Energy to buy SGD 10m ($7.17m) of convertible notes to be issued by EMS to enable the completion of the facility.
The yard has an area of 23,237 square metres and 106 metres of waterfront on the island.
EMS
