In October 2005, Scomi Marine Berhad (formerly Habib Corporation Berhad), a public listed company on the Bursa Malaysia, acquired a 29.07% stake in CHO from Chuan Hup Holdings Limited. On 28 April 2010, Scomi Marine Berhad sold its entire 29.07% stake in CHO to Energian Pte Ltd, a wholly-owned subsidiary of Falcon Energy Group Limited ("FEG").
February 2015 marked another significant milestone in CHO's history when with the successful conclusion of Voluntary Unconditional Cash Offer, FEG through its wholly-owned subsidiary Energian Pte Ltd acquired 86.71% stake in CHO and it became a subsidiary of FEG.
On 7 April 2017, FEG and Energian Pte Ltd sold 21.83% stake in CHO to SZ Offshore Investment Pte Ltd. CHO remains a subsidiary of FEG.
More recently on 26 July 2018, Baker Technology Limited ("BT") through its direct wholly-owned subsidiary BT Investment Pte. Ltd. successfully acquired 52.72% stake in CHO and it became a subsidiary of BT. As a result of the said acquisition, BT investment Pte. Ltd. is required to make a mandatory unconditional cash offer for all other shares. The offer will close on 7 September 2018.
Currently, CHO operates fifteen AHTS vessels and one OSV vessel. Eleven of which are wholly owned AHTS vessels with an average age of eleven years old as at 30 June 2018. Seven of the newer AHTS are 12,240 bhp vessels equipped with state-of-the-art facilities for heavier offshore work in deeper waters.
Building on CHO's long history of strength and expertise, the Group will continue to forge excellent relationships with its customer through firm commitment to quality, reliability and high service standard.