Grand Banks Yachts is a luxury yacht manufacturing company based out of Malaysia, and listed on the Singapore Stock Exchange as Grand Banks Yachts Ltd. ( GBY:SP ) [1]
Grand Banks Yachts began as American Marine [2] , established by Robert J. Newton and his two sons John and Whit Newton. They are regarded as influential in making recreational trawler -style yachts iconic [3] . In 2014 Grand Banks Yachts acquired a 100% ownership stake in Australian luxury yacht builders Palm Beach Motor Yachts, acquiring its CEO Mark Richards , skipper of 8 times line honours Sydney to Hobart winning SuperMaxi Wild Oats XI , to run the enlarged company group [4] .
The original shipyard in 1956 was located on a small section of waterfront [5] in Kowloon, Hong Kong. Hong Kong was at that time a British Colony . Their first boat was launched in 1957 after 6 months of building, and Robert's other son Whit joined his brother and father, and they established American Marine Ltd building heavy sailboats and large motor-yachts for some of the world's top marine architects including Sparkman & Stephens , William Garden , Nat Herreshoff , Ray Hunt and others [6] [7] .
In 1962, American Marine commissioned their own design through naval architect Ken Smith [8] , a 36 foot trawler named Spray that would lead into the future design of the Grand Banks 36 [9] . Within 1 year of launching Spray, American Marine ceased custom building to focus on their new 8-knot wooden cruiser, and over the next few years expanded the Grand Banks fleet to include the GB32, GB42, GB48, GB50, GB57 and GB62. The shipyard moved from Singapore in 1995 [10] and now trades out of a factory in Johor Bahru [11] , Malaysia with corporate offices in Singapore.
Upon its acquisition of Palm Beach and appointment of new CEO Mark Richards , the shipyard in Pasir Gudang, Johor Bahru , underwent substantial refitting and development and Grand Banks moved from its previous dealership sales distribution network to a factory direct sales model [12] . The company ceased production of its line of legacy models to focus on developing more efficient and modern designs using new technology and production methods utilising carbon fiber , resin infusion and multi-axis CNC . Grand Banks is due to unveil its new flagship Grand Banks 60 in 2017 to commemorate the company's 60th anniversary.
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Manufacturing and sale of fiberglass yachts.
Grand Banks Yachts announced today that it had agreed to place out new shares worth $5.238 million to a trust linked to Lim Kok Thay, Chairman of the Genting group of companies, and to theme park operator Koh Cheng Keong.
About half the net proceeds of the placement will be used for new product development, including constructing new yacht moulds; while the balance will be used to enhance existing manufacturing facilities in Pasir Gudang, Malaysia, including acquiring new equipment; to open new retail stores, to expand the distribution network and to increase the group’s inventory of new yachts. Grand Banks said 17.185 million shares of the total 19.223 million share placement will be taken up by Exa Limited, an investment holding company held by the trustee of Golden Hope Unit Trust, whose beneficiaries include Lim and certain members of his family. The remaining 2.038 million placement shares have been taken up by Koh Cheng Keong, the Chairman and Managing Director of Malaysia’s Only World Group, which is engaged in theme park and amusement park related activities and food, beverage and project management businesses. The 19.223 million shares have been placed out at $0.2725 each, representing a discount of 9.98% to the volume-weighted average price of $0.3027 for trades done on Grand Banks shares between 13 September 2012 and up to the time of the trading halt imposed by the company on 14 September 2012. Following the placement, Lim and Gerard Lim Ewe Keng, Director of Golden Hope, trustee of the Golden Hope Unit Trust, are expected to be appointed as non-executive and non-independent directors of the company. {jcomments on}
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All Grand Banks Yachts models and the Eastbay 60 model are built using our proprietary V-WARP® TECHNOLOGY, a design and construction philosophy born out of Mark Richards' experience as an ocean-racing champion and shipwright. This game-changing technology is a combination of hull form, superior construction materials, and a precision build ...
Grand Banks Yachts, Stuart. 10,142 likes · 195 talking about this · 65 were here. For over sixty years, Grand Banks Yachts has defined the experience of luxury long range cruising.
By Kevin Koenig. Updated: April 27, 2017. Malaysia ex Machina Laurie K. Gilbert. Johor Bahru, Malaysia, home of the Grand Banks Yachts factory, is quite literally on the other side of the world from large swaths of America. The time difference between there and the U.S. East Coast is a bracing 13 hours. Undomesticated dogs that resemble coyotes ...
Grand Banks Yachts | 1,932 pengikut di LinkedIn. An Industry Icon Revolutionizing Long Range Cruising | Established in 1957 as American Marine, Grand Banks has over 60 years of history pioneering and designing many of the most recognisable styles in the recreational motor yacht industry. Grand Banks Yachts builds beautiful iconic recreational motor yachts with renowned craftsmanship and detail.
The Grand Banks 60 is the most efficient cruiser in its class, offering performance on the water that surpasses any yacht of similar size today. This stunning vessel pays tribute to classic Grand Banks aesthetics while placing a strong emphasis on both style and fuel efficiency. With spacious entertaining areas, luxurious furnishings, and three ...
The Grand Banks 60 Skylounge delivers epic performance and a temperature-controlled upper helm station. Pen Marine is the authorised distributor of Grand Banks boats and yachts in Malaysia. Grand Banks is constantly moving forward with new ideas and techniques to deliver the best ride of any yacht, of any size, while also bringing all the ...
Grand Banks Yachts Limited contact: Investor/Media Relations contact: Chiam Heng Huat WeR1 Consultants Pte Ltd Chief Financial Officer 1 Raffles Place 21 Bukit Batok Crescent #06-74 #02-01, One Raffles Place Mall Wcega Tower, Singapore 658065 Suite 332, Singapore 048616 Tel: (65) 65452929 Tel: (65) 6721 7161 ...
Grand Banks Yachts offers a wide range of fixtures, fittings, and upholstery for staterooms, heads, galleys, and entertaining areas. Headquarters. Plo 488, Jalan Suasa, Pasir Gudang Industrial Estate. Pasir Gudang; Johor; Postal Code: 81700. Contact Details: Purchase the Grand Banks Yachts Sdn. Bhd. report to view the information.
GRAND BANKS YACHTS SDN. BHD. established in 1990, is a key player in the Manufacture And Sale Of Fibreglass Yachts sector in PASIR GUDANG, Malaysia.This LIMITED BY SHARES, PRIVATE LIMITED entity, with a detailed company profile available, features a robust structure with 4 directors and 1 shareholders.
COMPANY DESCRIPTION. GRAND BANKS YACHTS SDN. BHD. was incorporated on 1990-12-31 in Malaysia with registration number of 0210310M / 199001018641. GRAND BANKS YACHTS SDN. BHD.'s business includes MANUFACTURE AND SALE OF FIBREGLASS YACHTS. Get an accurate picture of a customer's financial status with a credit report for a business.
SINGAPORE (Apr 21): Grand Banks Yachts announced a six-year high order book of $31.6 million lifted by demand for brand new models as well as strong contributions from the newly acquired Palm Beach Yacht brand following the 2015 Miami Boat Show. The ...
Genting Bhd chairman Tan Sri Lim Kok Thay's 28.49%-owned Grand Banks Yachts Ltd said on Thursday (Oct 27) the yacht manufacturer's business momentum is expected to accelerate after achieving an all-time high net order book value. The manufacturer of luxury recreational motor yachts, whose manufacturing yard is located in Pasir Gudang, Johor, reported that its net order book swelled to a record ...
Explore 7 photos and videos of Grand Banks Yachts Ltd office. Get a view of Grand Banks Yachts Ltd's work environment through images and videos shared anonymously by employees.
Grand Banks Yachts is a luxury yacht manufacturing company based out of Malaysia, and listed on the Singapore Stock Exchange as Grand Banks Yachts Ltd. ( GBY:SP) [1] Grand Banks Yachts began as American Marine [2], established by Robert J. Newton and his two sons John and Whit Newton. They are regarded as influential in making recreational ...
Category: Non-MetallicManufactures Address: PLO 488, Jalan Suasa, Kawasan Perindustrian Pasir Gudang, [ P O Box 148 ], Pasir Gudang Johor Malaysia Website: www.grandbanks.com Phone Number: 07-251 7488
The 19.223 million shares have been placed out at $0.2725 each, representing a discount of 9.98% to the volume-weighted average price of $0.3027 for trades done on Grand Banks shares between 13 September 2012 and up to the time of the trading halt imposed by the company on 14 September 2012.
Grand Banks Yachts Sdn Bhd was founded in 1990. The Company's line of business includes building and repairing boats. Company profile page for Grand Banks Yachts Sdn Bhd including stock price ...
GRAND BANKS YACHTS SDN BHD PLO 488, Jalan Suasa 81707 Pasir Gudang Johor, Malaysia Phone: +60 7251 7488 AUSTRALIA PALM BEACH MOTOR YACHT CO PTY LTD ... annual report. GRAND BANKS YACHTS LIMITED ANNUAL REPORT 2023. 21. directors. annual report. AUDIT COMMITTEE. Heine Askaer-Jensen Gary James Weisman
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