Mooreast Holdings Ltd (“Mooreast” or the “Company”) is offering 38.85m shares at $0.22 each for a listing on Catalist where 38.05m shares will be via placement and the balance 800,000 shares for the public. The market capitalisation based on the IPO price and 259m shares will be $57m.
 The IPO will close on 22 Nov 2021 at 12 noon and commence trading on 24 Nov at 9am.
Principal Business
Mooreast is a total mooring solutions specialist, serving mainly the offshore O&G, marine and offshore renewable energy industries. The operations are primarily based in Singapore and they provide rigging equipment, marine supplies and related services to their customers. 
The Company has 4 main business segments – (A) Mooring Division, (B) Renewable Energy Division, (C) Rigging and Heavy Lifting and (D) Marine Supplies and Services Division.

The Company has tried to position itself around servicing the renewable energy but if you look at the revenue breakdown