Announcement • Jul 16
AMOS Group Limited, Annual General Meeting, Jul 31, 2025 AMOS Group Limited, Annual General Meeting, Jul 31, 2025, at 14:30 Singapore Standard Time. Location: 156 gul circle, singapore 629613, Singapore Announcement • Mar 01
AMOS Group Limited Announces Resignation of Lim Shook Kong as Independent Non-Executive Director AMOS Group Limited announced the resignation of Lim Shook Kong as Independent Non-Executive Director. Role And Responsibilities: Independent Non-Executive. Job Title: Independent Non-Executive Director; Chairman of Audit Committee; Member of Nominating Committee; Member of Remuneration Committee. Other DirectorShips Present: AMOS Group Limited; Immediate Media Company Singapore Private Limited; AMOS Malaysia Sdn. Bhd; AMOS Energy Malaysia Sdn. Bhd. Reason For Cessation: To pursue other personal interests. New Risk • Dec 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Market cap is less than US$100m (S$14.2m market cap, or US$10.5m). Announcement • Dec 14
PeakBayou Ltd. completed the acquisition of 11.45% stake in AMOS Group Limited (SGX:49B) for SGD 1.66 million. PeakBayou Ltd. proposed to acquire remaining 16.83% stake in AMOS Group Limited (SGX:49B) for SGD 2.45 million on September 25, 2024. The offer per share is SGD 0.07 per share. As at the Announcement Date, the aggregate shareholding of the Offeror and its concert parties, including Lighthouse, is 173,267,967 Shares, representing approximately 83.17% of the Shares in issue. Upon completion, PeakBayou Ltd. will own 100% stake in AMOS Group Limited. PrimePartners confirms that sufficient financial resources are available to the Offeror to satisfy full acceptance of the Offer. As at the Announcement Date, based on the latest publicly available information, AGL has an aggregate of 1,650,000 outstanding options granted under the Amos Scheme. The 1,650,000 outstanding options will convert into 1,650,000 Shares upon valid exercise of all the options. Under the rules of the Amos Scheme, the outstanding options are personal to the holders of he outstanding options and are not transferable. In view of this restriction, the Offeror will not be extending the Offer to the options granted under the Amos Scheme but will extend the Offer to all new Shares unconditionally issued pursuant to the valid exercise of any options granted under the Amos Scheme prior to the close of the Offer. The Offer will remain open for acceptances by Shareholders for a period of at least 28 days from the date of posting of the Offer Document. As of September 26, 2024, The Board will be appointing an independent financial adviser to advise the Directors who are considered independent for the purpose of making a recommendation to Shareholders in respect of the Offer under the Code ("Independent Directors") and such appointment will be announced in due course. The transaction is expected to close on November 7, 2024. As of November 6, 2024, the completion is extended to 21 November 2024. As of November 21, 2024, the Board wishes to inform Shareholders that the closing date of the Offer is extended from November 21, 2024 to December 12, 2024. The Offeror does not intend to extend the Offer beyond the Final Closing Date. The total number of Shares owned, controlled, acquired, or agreed to be acquired by the Offeror and parties acting in concert with the Offeror (including valid acceptances of the Offer) amounts to an aggregate of 195,774,417 Shares representing approximately 93.97% of the total number of Shares.
PrimePartners acted as the financial adviser to the Offeror. SAC Capital Private Limited acted as financial advisor to AMOS Group. Baker Tilly TFW LLP acted as auditor for AMOS Group Limited.
PeakBayou Ltd. completed the acquisition of 11.45% stake in AMOS Group Limited (SGX:49B) for SGD 1.66 million on December 12, 2024. Announcement • Oct 14
Amos Group Limited Appoints Marcel Eugene Beraud as Executive Director On October 14, 2024 AMOS Group Limited appointed Marcel Eugene Beraud as Executive Director. Mr. Beraud's experience and knowledge in leading global companies would strengthen the Board s capability and add to its breadth of industry expertise, knowledge and experience. The Board of Directors having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Mr. Beraud, is of the view that Mr. Beraud has requisite experience and capability to assume the responsibility of an Executive Director of the Company. Accordingly, the Board approved the appointment of Mr. Beraud as an Executive Director of the Company. Role And Responsibilities: Executive. Leadership of the Group's business operations. Working Experience: 1. Resources Global Professionals: Sr. Consultant Operational Transformation (November 2011 - June 2015) 2. Wipro North America: Sr. Consultant, Operations & Transformation (September 2015 - March 2017) 3. Association for Manufacturing Technology: Global Services Director (March 2017 - September 2019) 4. IDEMIA: VP of Operations (September 2019 - January 2023). Director Experience Details: Mr. Beraud will attend mandatory training as prescribed under the Listing Rules of the Listing Manual of the SGX-ST. Professional Qualifications: Certified Manufacturing Engineer - UCLA, BS in Operations Research & Industrial Engineering from the Catholic University of Buenos Aires, Argentina. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Edwina Lee Cheung was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
PeakBayou Ltd. proposed to acquire remaining 16.83% stake in AMOS Group Limited (SGX:49B) for SGD 2.45 million. PeakBayou Ltd. proposed to acquire remaining 16.83% stake in AMOS Group Limited (SGX:49B) for SGD 2.45 million on September 25, 2024. The offer per share is SGD 0.07 per share. As at the Announcement Date, the aggregate shareholding of the Offeror and its concert parties, including Lighthouse, is 173,267,967 Shares, representing approximately 83.17% of the Shares in issue. Upon completion, PeakBayou Ltd. will own 100% stake in AMOS Group Limited. PrimePartners confirms that sufficient financial resources are available to the Offeror to satisfy full acceptance of the Offer. As at the Announcement Date, based on the latest publicly available information, AGL has an aggregate of 1,650,000 outstanding options granted under the Amos Scheme. The 1,650,000 outstanding options will convert into 1,650,000 Shares upon valid exercise of all the options. Under the rules of the Amos Scheme, the outstanding options are personal to the holders of he outstanding options and are not transferable. In view of this restriction, the Offeror will not be extending the Offer to the options granted under the Amos Scheme but will extend the Offer to all new Shares unconditionally issued pursuant to the valid exercise of any options granted under the Amos Scheme prior to the close of the Offer. The Offer will remain open for acceptances by Shareholders for a period of at least 28 days from the date of posting of the Offer Document. As of September 26, 2024, The Board will be appointing an independent financial adviser to advise the Directors who are considered independent for the purpose of making a recommendation to Shareholders in respect of the Offer under the Code ("Independent Directors") and such appointment will be announced in due course.
PrimePartners acted as the financial adviser to the Offeror. Reported Earnings • Jul 12
Full year 2024 earnings released: S$0.12 loss per share (vs S$0.065 loss in FY 2023) Full year 2024 results: S$0.12 loss per share (further deteriorated from S$0.065 loss in FY 2023). Revenue: S$74.5m (down 25% from FY 2023). Net loss: S$24.6m (loss widened 109% from FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Jul 11
AMOS Group Limited, Annual General Meeting, Jul 26, 2024 AMOS Group Limited, Annual General Meeting, Jul 26, 2024, at 10:00 Singapore Standard Time. Location: 156 gul circle, singapore 629613, Singapore Reported Earnings • Jun 05
Full year 2024 earnings released: S$0.12 loss per share (vs S$0.065 loss in FY 2023) Full year 2024 results: S$0.12 loss per share (further deteriorated from S$0.065 loss in FY 2023). Revenue: S$74.5m (down 25% from FY 2023). Net loss: S$24.4m (loss widened 107% from FY 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$11.5m market cap, or US$8.50m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • Nov 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.5m (US$9.18m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$12.5m market cap, or US$9.18m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Sep 05
AMOS Group Limited Announces the Promotion of Ronald Broer as Acting Chief Executive Office AMOS Group Limited announced the promotion of Mr. Ronald Broer (Mr. Broer) as Acting Chief Executive Officer of AMOS from his current position as Senior Vice President Marine. Mr. Broer will be based in Singapore and report to the Executive Chairman of AMOS. AMOS supplies products, services and solutions to marine and energy customers across Asia, the Middle East, and Europe. Mr. Broer has 30 years experience in the marine and offshore industries in both Asia and Europe, and more recently has worked in Singapore the past ten years. Mr. Broer is currently employed by AMOS as Senior Vice President of the marine industry services. His prior experience includes senior executive roles with Survitec Group and Wilhelmsen Ship Service. Working Experience: 1. AMOS Group Limited: Senior Vice President (August 2022 to present) 2. Survitec Group Ltd.: Regional Sales Director (January 2017 to August 2022) 3. Survitec Group Ltd.: Sales Director (August 2015 to December 2016) 4. Survitec Group Ltd.: Sales & Marketing Director (September 2013 to August 2015) 5. The Cylinder Company B.V.: Managing Director (October 2010 to September 2013). Other DirectorShips Present: Van Dam Asia Pte. Ltd.; AMOS International Lanka (Private) Limited; AMOS Solutions Center Inc. Announcement • Jul 25
AMOS Group Limited Announces Resignation of G Krishnamurthi as Chief Financial Officer AMOS Group Limited announced that Mr. G Krishnamurthi has resigned as the Company's Chief Financial Officer due to personal reasons. Role And Responsibilities: Mr. G Krishnamurthi reports directly to the Chairman and is responsible for the financial accounting and reporting function of the Company, including treasury and corporate regulatory compliance. Reported Earnings • Jul 15
Full year 2023 earnings released: S$0.065 loss per share (vs S$0.077 loss in FY 2022) Full year 2023 results: S$0.065 loss per share (improved from S$0.077 loss in FY 2022). Revenue: S$99.4m (flat on FY 2022). Net loss: S$11.8m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Jul 13
AMOS Group Limited, Annual General Meeting, Jul 28, 2023 AMOS Group Limited, Annual General Meeting, Jul 28, 2023, at 10:00 Singapore Standard Time. Location: 156 Gul Circle, Singapore 629613 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2023 and the Auditors' Report thereon; to re-elect Mr Lim Shook Kong, the Director retiring pursuant to Regulation 110 of the Company's Constitution; to re-elect Mr Kyle Arnold Shaw Jr, the Director retiring pursuant to Regulation 110 of the Company's Constitution; to approve the sum of SGD 370,000/- as Directors' fees for the financial year ending 31 March 2024 to be paid quarterly in arrears. (FY2023: SGD 370,000); to re-appoint Messrs Baker Tilly TFW LLP as Auditors of the Company and to authorize the Directors to fix their remuneration; and to transact any other business that may be transacted at an Annual General Meeting. Announcement • May 26
AMOS Group Limited to Report Fiscal Year 2023 Results on May 24, 2023 AMOS Group Limited announced that they will report fiscal year 2023 results on May 24, 2023 Reported Earnings • May 26
Full year 2023 earnings released Full year 2023 results: Revenue: S$99.4m (flat on FY 2022). Net loss: S$12.0m (loss narrowed 14% from FY 2022). Announcement • Jan 26
Amos Group Limited Appoints G Krishnamurthi as Chief Financial Officer AMOS Group Limited announced the Appointment of G Krishnamurthi as Chief Financial Officer. The Management has proposed G Krishnamurthi to be appointed as the Chief Financial Officer. G Krishnamurthi meets the selection criteria and is nominated by the Nominating Committee to the Board for consideration. The Board having considered G Krishnamurthi's background, working experience and qualification, gave its approval for the appointment of G Krishnamurthi as Chief Financial Officer. Working Experience is 1. Hoerbiger Vienna GmbH - Senior Vice President, Global Head of Finance & Controlling (Service Div.), (Sept 2018 to June 2022) 2. Keller SE Asia Pte Ltd. - CFO Asia & Strategic Change Manager (May 2013 to Apr. 2018). Professional Qualifications are Fellow Chartered Accountant, Singapore, FCCA, MBA. Announcement • Oct 14
AMOS Group Limited Announces the Cessation of Jason Michael Nicholas Mclaren as Chief Financial Officer AMOS Group Limited announced the cessation of Jason Michael Nicholas McLaren as Chief Financial Officer. Mr. Jason Michael Nicholas McLaren reports directly to the Chief Executive Officer and to the Board of Directors and responsible for the financial accounting and reporting function of the Company, including treasury and corporate regulatory compliance. Other DirectorShips Past: DKSH Holdings (Malaysia) Berhad; DKSH Central Services Malaysia Sdn Bhd; DKSH Corporate Shared Services Center Sdn Bhd; DKSH Holdings (Asia) Sdn Bhd; DKSH Luxury & Lifestyle (Malaysia) Sdn Bhd; DKSH Malaysia Sdn Bhd; DKSH Management Malaysia Sdn Bhd; DKSH Resources (Malaysia) Sdn Bhd; DKSH Smollan Field Marketing (Malaysia) Sdn Bhd; The Famous Amos Chocolate Chip Cookie Corporation Sdn Bhd; DKSH Food Services (M) Sdn Bhd; DKSH Market Expansion Services Sdn Bhd; DKSH Manufacturing Sdn Bhd; DKSH (B) Sdn Bhd; FACC (B) Sdn Bhd; Bio-Life Marketing Sdn Bhd. Other DirectorShips Present: AMOS International (Shanghai) Co. Ltd. AMOS International Lanka (Private) Limited. Reported Earnings • Jul 14
Full year 2022 earnings released: S$0.078 loss per share (vs S$0.16 loss in FY 2021) Full year 2022 results: S$0.078 loss per share (up from S$0.16 loss in FY 2021). Revenue: S$99.3m (down 8.5% from FY 2021). Net loss: S$13.9m (loss narrowed 33% from FY 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Jul 13
AMOS Group Limited, Annual General Meeting, Jul 28, 2022 AMOS Group Limited, Annual General Meeting, Jul 28, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2022 and the Auditors' Report thereon; to re-elect Mr. David Wood Hudson, the Director retiring pursuant to Regulation 110 of the Company's Constitution; to re-elect Ms. Edwina Cheung Pui Yin, the Director retiring pursuant to Regulation 114 of the Company's Constitution; to approve Directors' fees for the financial year ending 31 March 2023 to be paid quarterly in arrears; to note Messrs Baker Tilly TFW LLP as Auditors of the Company and to authorize the Directors to fix their remuneration; and to transact any other business that may be transacted at an Annual General Meeting. Reported Earnings • May 29
Full year 2022 earnings released Full year 2022 results: Revenue: S$99.3m (down 8.5% from FY 2021). Net loss: S$13.9m (loss narrowed 33% from FY 2021). Announcement • May 20
AMOS Group Limited Announces Resignation of Keith Ian Mullin as Chief Executive Officer, Effective 19 May 2022 AMOS Group Limited announced that Mr. Keith Ian Mullin has resigned as the Chief Executive Officer ("CEO") of the Company to pursue other personal interests. Mr. Keith Ian Mullin will cease to be CEO effective 19 May 2022 and will act in an advisory capacity until 18 August 2022. Reported Earnings • Nov 13
Second quarter 2022 earnings released The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: S$50.9m (up 77% from 2Q 2021). Net loss: S$12.1m (loss widened 184% from 2Q 2021). Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Lead Independent Director David Wood Hudson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 16
Full year 2021 earnings released: S$0.008 loss per share (vs S$0.004 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: S$108.5m (down 16% from FY 2020). Net loss: S$20.6m (loss widened 86% from FY 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 16
Insider recently sold S$1.4m worth of stock On the 14th of June, Chong Tuan Lien sold around 61m shares on-market at roughly S$0.023 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$1.9m more than they bought in the last 12 months. Executive Departure • Jun 05
Company Secretary Kar Choo Yeoh has left the company On the 28th of May, Kar Choo Yeoh's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Kar Choo's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • May 29
Full year 2021 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: S$108.5m (down 16% from FY 2020). Net loss: S$20.2m (loss widened 82% from FY 2020). Executive Departure • Mar 24
Independent Non-Executive Director has left the company On the 12th of March, Paul Jay De Mand's tenure as Independent Non-Executive Director ended after 1.7 years in the role. We don't have any record of a personal shareholding under Paul Jay's name. A total of 4 executives have left over the last 12 months. Executive Departure • Mar 24
Non-Executive Director has left the company On the 12th of March, Jae Ko Pil's tenure as Non-Executive Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Jae Ko's name. A total of 4 executives have left over the last 12 months.