Grand Banks

Grand Banks: Has signed an agreement with Ocean Alexander to represent each other’s brands and boats at sales offices in China and Australia. Grand Banks views this as a strategic fit as its vessels are in the range of 40 to 76 ft, while Ocean Alexander’s vessels are larger, up to 120 ft and beyond. Co has also signed an agreement with Pen-Marine Sdn Bhd to sell Grand Banks yachts in Msia. The placement to Tan Sri Lim and Gerard Lim from Genting has been completed. Co currently trades at a P/B of approx 0.8x