OEL (HOLDINGS) LIMITED

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OEL (Holdings) Limited ("OEL" and together with its subsidiaries, the "Group") is an investment holding company with diversified businesses in Shipyard Operations, Biofuel and Property Management.

Established in Singapore in 1984, OEL was renamed from Oakwell Engineering Limited in November 2013 after the Group divested its Distributorship business and related engineering and assembly services.

The Group currently operates a shipyard in Sattahip, Thailand that focuses on ship repair and other services. It also owns 51% equity interest in a biofuel business in Singapore and generates rental income from the leasing of an industrial property.

The Group is presently seeking new business avenues and exploring various strategies that could enhance shareholder value in the long term. OEL is listed on the Catalist of the Singapore Exchange Securities Trading Limited.