Singapore, 6 June 2025 — Oiltek International Limited, a leading integrated process technology and renewable energy solutions provider, has officially commenced trading on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST), following its successful transfer from the Catalist Board.
The transfer was approved by shareholders at an Extraordinary General Meeting on 25 April 2025, after receiving SGX-ST’s approval-in-principle on 1 April 20251. This move is set to enhance Oiltek’s visibility, liquidity, and access to capital, supporting the company’s ambitions for accelerated growth in the global agri-tech sector.
Mr. Henry Yong Khai Weng, Executive Director and CEO of Oiltek, remarked: “As innovators at the nexus of agriculture and technology, Oiltek offers stability across economic cycles. Our roots in the resilient agriculture industry, combined with our ability to drive innovation in technology, position us for sustained growth. The Mainboard listing will propel our next phase of exponential expansion and strengthen our leadership in the vegetable oil industry worldwide.”
Oiltek’s journey has been marked by robust financial performance and a strong order book, which have underpinned its share price growth. Since its initial public offering at S$0.23 on the Catalist Board in March 2022, the company’s share price surged almost sixfold to reach an all-time high of S$1.45 in May 2025, prior to a proposed bonus issue1. Following shareholder approval, Oiltek completed a two-for-one bonus share issue, increasing its total number of shares to 429 million as of 19 May 2025. At the close of its first Mainboard trading day, Oiltek’s market capitalisation stood at S$259.55 million, with shares priced at S$0.6051.
With a 44-year track record and operations spanning 37 countries across five continents, Oiltek is recognized for its expertise in designing, building, and commercializing plants for the vegetable oil industry. The company operates three core business segments:
- Edible & Non-Edible Oil Refinery: Providing engineering, procurement, construction, and commissioning (EPCC) services for refining plants and downstream specialty products.
- Renewable Energy: Delivering EPCC for biodiesel, biogas, and other renewable energy solutions, as well as environmental integration and infrastructure engineering.
- Product Sales and Trading: Generating recurring income through engineering component sales, agency and distributorship, and specialty chemical trading.
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About Oiltek International Limited
Oiltek International Limited, an established integrated process technology and renewable energy solutions provider, specialises in the provision of reliable, innovative, diversified, and comprehensive range of refinery processes and engineering solutions for use across all different sectors of the vegetable oils industry value chain globally. The history of the Group can be traced back to its principal operating subsidiary, Oiltek Sdn. Bhd., which was incorporated in Malaysia on 1 December 1980. With over 44 years of track record, Oiltek has successfully designed, built and commercialised plants in more than 37 countries across 5 continents.
Oiltek operates three key businesses – Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading.
For its Edible & Non-Edible Oil Refinery segment, the Group provides engineering, procurement, designing, construction and commissioning (“EPCC”) services for edible and non-edible oil refining plants, downstream specialty products and processing plants; upgrading and retrofitting of existing facilities; and turnkey outside-battery-limits (“OSBL”) infrastructure engineering.
For the Group’s Renewable Energy segment, Oiltek provides services for renewable energy industries including EPCC of multi-feedstock biodiesel, enzymatic biodiesel, winter fuel, and palm oil mill effluent (“POME”) biogas methane recovery plants; upgrading and retrofitting of existing facilities; and turnkey OSBL infrastructure engineering which includes the environmental solutions and integration into steam and power generation.
Oiltek’s Product Sales and Trading segment generates recurring income for the Group, and its services include engineering component sales, agency and distributorship, and specialty chemical product trading.
