Introduction
Grand Banks Yachts Limited is a Singapore-based investment holding company. The Company through its subsidiaries, is engaged in the manufacturing and sale of luxury yachts across the world. The Company's segments include Manufacturing & trading and Others. The Manufacturing & trading segment comprising manufacturing and sale of yachts to end customers. It manufactures yachts under the Grand Banks, Eastbay and Palm Beach brands out of its manufacturing yard at Pasir Gudang, Johor, Malaysia, and provides customer support out of its service yard at Stuart, Florida, United States and Newport, New South Wales, Australia. The yachts range between approximately 42 feet and 85 feet. Its various yacht models include GRAND BANKS 54, GRAND BANKS 60, GRAND BANKS 85, EASTBAY 44, and EASTBAY 60. The Company's subsidiaries include GB Yachts Pte. Ltd., Grand Banks Yachts Sdn. Bhd., Grand Banks Yachts Australia Pty Ltd, Palm Beach Motor Yacht Co Pty Ltd, and Grand Banks Yachts Sales, LLC, among others.