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Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) just unveiled an update.
Mermaid Maritime Public Company Limited has announced the establishment of a joint venture in Taiwan named MERMATE Co., Ltd., with Mermaid Subsea Services holding a 49% stake and ATE Energy International Co., Ltd. holding 51%. This venture is aimed at enhancing their capabilities in energy technical services and offshore construction projects, leveraging ATE’s expertise in the energy engineering sector. The investment is funded internally and is not expected to significantly impact the company’s financials this year.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited operates in the subsea services industry, focusing on providing energy technical services, cable installation, and offshore construction projects. The company is expanding its market focus through strategic partnerships.
Average Trading Volume: 3,320,709
Technical Sentiment Signal: Hold
Current Market Cap: S$217.4M
See more insights into DU4 stock on TipRanks’ Stock Analysis page.