SINGAPORE (April 28): Since succeeding his father as CEO in January 2016, Jeffrey Soon has been trying to steer Heatec Jietong into the chemicals industry, which could offer more opportunity for growth than the offshore and marine (O&M) sector.

But he might need to make acquisitions to pull it off, which could involve tapping investors for money.

Heatec Jietong specialises in producing piping systems, and building and servicing heat exchangers. It also provides chemical cleaning services. While its customers have traditionally been players in the O&M sector, its products and services are also needed by oil refiners, chemical producers and power generators that operate on Jurong Island.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook