Oiltek International is looking for mergers and acquisitions. Oiltek International, a subsidiary of Koh Brothers Eco Engineering, has lodged its preliminary offer document for an initial public offering on the Catalist board of the Singapore Exchange. The company wants to raise funds to push further into new and existing geographical markets.

While it foresees that Malaysia and Indonesia will remain its key markets, it would like to explore palm oil markets in South Asia, Africa and Latin America. It will also increase its focus on the renewable energy sector. One way it plans to do so is by supporting sustainable oil palm cultivation with producers who are compliant with standards set by the Roundtable on Sustainable Palm Oil.

The company will also look to further advance its process technology and renewable energy capabilities through research development, joint ventures and strategic alliances. Oiltek International said it will seek to generate recurring income by expanding its business through investments, mergers and acquisitions, joint ventures and strategic alliances in synergistic capabilities, skills, technology and operational processes.