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 issue. 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 recognised for its expertise in designing, building, and commercialising 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.
