KS Energy Limited has fully acquired Oceanic Offshore Engineering [OOE] Pte Limited. KS Energy acquired the remaining 20 per cent in OOE for S$2.3 million ($1.63 million). The 20 per cent stake in OOE had a net asset value of S$1.2 million at end-September 2015. The consideration was based on the audited pre-tax profits of the company over the past three years. The acquisition was funded by internal resources and paid in cash.
