SGX: MagnusEnergy (41S)       MAGNUS ENERGY GROUP LTD.
Last Price Today's Change   Day's Range   Trading Volume
0.001   0.00 (0.00%)  0.001 - 0.002  15,124,900


Avg Volume (4 weeks):0
52 Weeks Range:0.001 - 0.002
52 Weeks Price Volatility (%):
Average Price Target:-


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Business Background

The Company was incorporated in Singapore on 28 March 1983 under the name Strike Electrical Pte Ltd and was renamed to Strike Engineering Pte Ltd on 3 October 1997. The Company adopted Strike Engineering Ltd on 8 July 1999. Stike began its roots as a sub-contractor undertaking electrical installations. In a span of 20 years, it has built an established track record as a provider of quality and reliable mechanical and electrical engineering (“M&E”) services. With the stiff operating conditions & cyclical nature of the construction business, a strategic decision was made in 2003 to shift its business focus. The acquisition of a 54.35 percent controlling stake in Mid-Continent Equipment Group Pte Ltd has enabled the group to establish new business opportunities in the oil and gas as well as alternative energies industries in new global markets. The group will continue to tender selectively for profi table engineering projects. This will be an ongoing process for the group as it looks to diversify its energy business activities, broaden its earnings base and at the same time re-engineer itself to explore new opportunities globally. In 2004, Strike changed its name to Magnus Energy Group Ltd.

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