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Business Description
KS Energy Limited (KS Energy) is engaged in trading of hydraulic products, instrumentation and equipment for the shipbuilding, marine and oil and gas industries, trading in hardware products and oilfield equipment, and investment holding. It operates in two segments. Distribution includes sales of hydraulic products and tools and equipment and provision of design engineering, project management and fabrication of systems equipment for industrial applications to the marine and oil and gas industries. Capital equipment and related services includes provision of capital equipment and related services to the oil and gas industry. In January 2014, it announced that KS Rig Invest Pte Ltd, a subsidiary of KS Drilling Pte. Ltd, 80% owned subsidiary of the Company incorporated KS Rig Invest Three Ltd. In April 2014, it incorporated two subsidiaries: KS Rig Invest Five Ltd and KS Rig Invest Six Ltd. In June 2014, its 70%-owned dormant company, KT Lion Oilfield Services Limited had dissolved.