Established in 1981, Mencast Holdings Ltd. and its subsidiaries (the "Group") is a Singapore-based sterngear equipment manufacturer and supplier, and sterngear services provider for a wide range of commercial vessel applications catering to customers in the marine and offshore oil and gas industries in the Asia Pacific. First set up in a rented workshop located on Choa Chu Kang Road, the Group's main business activities were centered on the repair, refurbishment and manufacture of marine propellers, shaftings and bushings for fishing and bum boats from Singapore and West Malaysia. In 1993, the Group expanded its operations into the manufacture, repair and refurbishment of sterngear equipment for tugboats, ferries and standby vessels.