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nautec.com

Founded Year

2011

Stage

Corporate Minority | Alive

Total Raised

$1.9M

Last Raised

$1.9M | 6 yrs ago

About Nautec

Nautec brings together integrated technical expertise and the appropriate application of enabling technologies to provide energy solutions to the toughest upstream challenges – onshore and offshore. By bringing together extensive upstream consulting capabilities from inception to completion, and coupling that with specialized and robust operational expertise, Nautec provides optimized energy solutions for complex problems.

Nautec Headquarter Location

300 Beach Road #13-02, The Concourse

199555,

Singapore

+65 6298 2671

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Latest Nautec News

General Announcement::Rule 1017 Monthly Update and Milestones in Obtaining New Business

Sep 10, 2021

09/10/2021 | 01:32pm EDT Message : MONTHLY VALUATION OF ASSETS AND UTILISATION OF CASH FOR THE MONTH OF AUGUST 2021 AND MILESTONES IN OBTAINING NEW BUSINESS The board of directors (the "Board" or the "Directors") of NauticAWT Limited (the "Company") wishes to announce the following pursuant to rule 1017(1)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist (the "Catalist Rules"):- Monthly valuation of assets and utilisation of cash (a) The Company's assets and liabilities as at 31 August 2021 were as follows: - US$'000 2,274 Other current assets comprise other receivables and prepayments. Recorded as book value at Company level and yet to perform fair value and impairment assessment. The Group is currently in process to complete the purchase price allocation exercise. Other current liabilities comprise other payables (US$29,000), loan from controlling shareholder (US$307,000) and accrued expenses (US$64,000). 1 (b) The Company's utilisation of cash from 1 August 2021 to 31 August 2021 was as follows: - US$'000 3 (33) 18 (1) Payment of other payables including bank charges and foreign exchange differences. All figures set out in this announcement have not been reviewed or audited by the Company's auditors. QUARTERLY UPDATE OF MILESTONES IN OBTAINING A NEW BUSINESS The Company has identified a potential business and is currently in the midst of appointing various professional parties to assess the feasibility of the identified asset. The Company will provide further updates to shareholders of the Company as and when there are material developments of the same. Cautionary Statement The Board wishes to remind Shareholders that there is no assurance that the SGX-ST will not suspend the trading and listing of the Shares or that the Company will be able to acquire a business that meets the SGX-ST's requirements for a new listing within the timeframe prescribed by the SGX-ST. Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders should consult their stockbrokers, solicitors or other professional advisors if they have any doubts as to the actions they should take. By Order of the Board NAUTICAWT LIMITED 2 This announcement has been prepared by NauticAWT Limited (the "Company") and its contents have been reviewed by the Company's Sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881. 3

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  • When was Nautec founded?

    Nautec was founded in 2011.

  • What is Nautec's latest funding round?

    Nautec's latest funding round is Corporate Minority.

  • How much did Nautec raise?

    Nautec raised a total of $1.9M.

  • Who are the investors of Nautec?

    Investors of Nautec include Harps Holdings.

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