Company Watch

Pulled from near-bankruptcy, Oceanus now aims to be global foodtech firm

CEO of Oceanus Group Peter Koh has until 2024 to transform Oceanus into a global food technology company.PHOTO: OCEANUS

SINGAPORE - The baptism of fire when chief executive Peter Koh first took the helm at Oceanus Group came in the form of a disgruntled shareholder asking if he could guarantee a turnaround of the abalone producer.

It was a timely question given the firm was about to go bankrupt under around $94 million in debt.

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