Oceanus Group Limited (Public, SIN:579) is the holding company for two principal businesses: aquaculture production and abalone processing and distribution.
It is a land-based abalone producer with a production capacity of 20,500 abalone tanks and an abalone population of 138.6 million abalones (excluding 14.1 million uncaged one-year-old abalones and an estimated 150 million newly bred abalones) as at December 31, 2008.
This business is operated through its wholly owned subsidiary, Long Ze Aquaculture Co., Ltd. Through its majority owned subsidiary, Oceanus Food Group Pte. Ltd., it is also engaged in vacuum packing, canning, drying and/or curing abalone for distribution worldwide, and also operates in the People's Republic of China, a cafe-style restaurant chain under the brand Ah Yat Tian Xia, serving abalone-based meals through a joint venture with Ah Yat Abalone Group.
On April 29, 2008, the Company acquired Oceanus Aquaculture Group Pte. Ltd