BASIL CHAN
Non-Independent and Non-Executive Chairman of the Board
Grand Banks G50
SGD 0.815
+6.13% +0.05 Updated 13 Nov 2026, 17:16 SGT
Company profile
The business, the people and the ownership behind Grand Banks.
Investor relations ↗Official company website
Business overview
About the company
Grand Banks Yachts manufactures luxury recreational motor yachts. Its products are marketed under the Grand Banks, Eastbay and Palm Beach brands, combining yacht design and development with manufacturing operations.
Listed security
Company & listing
- Full Company Name
- GRAND BANKS YACHTS LIMITED
- Trading Currency
- SGD
- Website
- grandbanks.listedcompany.com
- Listing
- Listed on 7 September 1987 on SGX Sesdaq 11 August 1993 on SGX Mainboard
- ISIN Code
- SG0504000043
Board & management
Leadership
MARK JONATHON RICHARDS
Chief Executive Officer & Executive Director
GERARD LIM EWE KENG
Non-Independent & Non-Executive Director
KAY PANG KER-WEI
Independent & Non-Executive Director
PHILIP WILLIAM FORREST, AM
Lead Independent & Non-Executive Director
JEFFREY EDWARD FISHER
Independent & Non-Executive Director
BRIAN MARSHALL STORMS
Independent & Non-Executive Director
Roles listed in Annual Report 2026; current appointments are not independently verified.
Holdings
Ownership
Tan Sri Lim Kok Thay
28.20%Total interest
Registered 52,609,994deemed –total 52,609,994
As at 14 September 2026 Willimbury Pty Ltd^1
15.32%Total interest
Registered 28,580,001deemed –total 28,580,001
As at 14 September 2026 Arminella Pty Ltd (as trustee for SJHA Investment Trust)^2
9.99%Total interest
Registered 18,645,612deemed –total 18,645,612
As at 14 September 2026 Mark Jonathon Richards
6.63%Total interest
Registered 12,375,400deemed –total 12,375,400
As at 14 September 2026 Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered & depository holders 21 holders
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-09-14 · PDF p. 146
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| Citibank Nominees Singapore Pte Ltd | 53,265,833 shares; 28.55% | PDF p. 1462026-09-14 | |
| Tan Sri Lim Kok Thay | 52,609,994 shares; 28.20% | PDF p. 1462026-09-14 | |
| Phillip Securities Pte Ltd | 16,474,911 shares; 8.83% | PDF p. 1462026-09-14 | |
| Mark Jonathon Richards | 12,375,400 shares; 6.63% | PDF p. 1462026-09-14 | |
| DBS Nominees Pte Ltd | 7,573,848 shares; 4.06% | PDF p. 1462026-09-14 | |
| Goh Guan Siong (Wu YuanXiang) | 7,438,100 shares; 3.99% | PDF p. 1462026-09-14 | |
| Asdew Acquisitions Pte Ltd | 4,082,500 shares; 2.19% | PDF p. 1462026-09-14 | |
| United Overseas Bank Nominees P L | 1,926,762 shares; 1.03% | PDF p. 1462026-09-14 | |
| Raffles Nominees(Pte) Limited | 1,180,354 shares; 0.63% | PDF p. 1462026-09-14 | |
| Lim Geck Chin Mavis | 1,103,300 shares; 0.59% | PDF p. 1462026-09-14 | |
| Est of Mrs Lim Nancy Nee Tan Nancy, Dec’d | 1,100,000 shares; 0.59% | PDF p. 1462026-09-14 | |
| Moomoo Financial Singapore Pte. Ltd. | 961,750 shares; 0.52% | PDF p. 1462026-09-14 | |
| UOB Kay Hian Pte Ltd | 930,000 shares; 0.50% | PDF p. 1462026-09-14 | |
| OCBC Nominees Singapore Pte Ltd | 917,190 shares; 0.49% | PDF p. 1462026-09-14 | |
| Chua Cheow Chuan | 790,000 shares; 0.42% | PDF p. 1462026-09-14 | |
| Seah Chye Ann (Xie Cai’An) | 760,000 shares; 0.41% | PDF p. 1462026-09-14 | |
| Est of Heine Askaer-Jensen, Dec’d | 701,500 shares; 0.38% | PDF p. 1462026-09-14 | |
| Toh Ong Tiam | 534,500 shares; 0.29% | PDF p. 1462026-09-14 | |
| Samuel Henry Compton III | 507,000 shares; 0.27% | PDF p. 1462026-09-14 | |
| Lim Seng Chiang | 500,000 shares; 0.27% | PDF p. 1462026-09-14 | |
| TOTAL | 165,732,942 shares; 88.84% | PDF p. 1462026-09-14 | |
Group structure
Main operating subsidiaries
| Company | Market | Ownership interest |
|---|---|---|
| GB Yachts Pte. Ltd.Directly held subsidiary; 2026 column (2025 comparative: 100)PDF p. 108 | Singapore; 100% (2026) | |
| Grand Banks Yachts Sdn. Bhd.Directly held subsidiary; 2026 column (2025 comparative: 100)PDF p. 108 | Malaysia; 100% (2026) | |
| Grand Banks Yachts Australia Pty LtdDirectly held subsidiary; 2026 column (2025 comparative: 100)PDF p. 108 | Australia; 100% (2026) | |
| Palm Beach Motor Yacht Co Pty LtdDirectly held subsidiary; 2026 column (2025 comparative: 100)PDF p. 108 | Australia; 100% (2026) | |
| Grand Banks Marine Group, Europe B.V.Directly held subsidiary; 2026 column (2025 comparative: –)PDF p. 109 | Netherlands; 100%* (2026) | |
| Grand Banks Marine Group, Ltd.Significant subsidiary of GBS (held via subsidiary); 2026 column (2025 comparative: 100)PDF p. 109 | United States of America; 100% (2026) | |
| Grand Banks Yachts Sales, LLCSignificant subsidiary of GBMG; 2026 column (2025 comparative: 100)PDF p. 109 | United States of America; 100% (2026) | |
| Grand Banks Yachts Services, LLCSignificant subsidiary of GBMG; 2026 column (2025 comparative: 100)PDF p. 109 | United States of America; 100% (2026) | |
| Grand Banks Yachts Employment Service, LLCSignificant subsidiary of GBMG; 2026 column (2025 comparative: 100)PDF p. 109 | United States of America; 100% (2026) | |
| Stuart Yacht CorporationSignificant subsidiary of GBMG; 2026 column (2025 comparative: 100)PDF p. 109 | United States of America; 100% (2026) | |
| Grand Banks Yachts Sales California, Inc.Subsidiary of GBYS; 2026 column (2025 comparative: 100)PDF p. 110 | United States of America; 100% (2026) | |
| Grand Banks Yachts Sales Florida, LLCSubsidiary of GBYS; 2026 column (2025 comparative: 100)PDF p. 110 | United States of America; 100% (2026) | |
| Grand Banks Yachts Sales Rhode Island, LLCSubsidiary of GBYS; 2026 column (2025 comparative: 100)PDF p. 110 | United States of America; 100% (2026) | |
| Grand Banks Yachts Sales Michigan, LLCSubsidiary of GBYS; 2026 column (2025 comparative: 100)PDF p. 110 | United States of America; 100% (2026) | |
| GB Marine Group Pty LtdSubsidiary of PBMY; 2026 column (2025 comparative: 100)PDF p. 110 | Australia; 100% (2026) | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
Key management
Key management
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Lynn Fischer | CHIEF MARKETING OFFICER | Corporate information roster | PDF p. 2 |
| Ler Ching Chua | COMPANY SECRETARY | Corporate information roster | PDF p. 2 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
Other disclosures
Related party transactions
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interested Person Transactions | There were no interested person transactions of S$100,000 and above during the year. | Group, FY2026 | PDF p. 59 |
| – Amount due from a director | 49 $'000 | Group, 30 June 2026 (2025: –) | PDF p. 115 |
Contingent liabilities
| Item | Value | Period / scope | Source |
|---|---|---|---|
| CONTINGENCIES | In June 2026, the Group has received notice of a claim from a customer’s insurer in relation to damages over the customer’s boat. | Group, 30 June 2026 | PDF p. 144 |
| Intra-group financial guarantees | 12,989 $'000 | Company, 30 June 2026, contractual cash flows (2025: 8,346) | PDF p. 136 |
Director remuneration
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Mark Jonathon Richards | 2,169,765 S$ | CEO and Executive Director, FY2026, band S$2,000,001 to S$2,250,000 | PDF p. 64 |
| Basil Chan | 103,933 S$ | Director, FY2026, band below S$250,000 | PDF p. 64 |
| Gerard Lim Ewe Keng | 64,000 S$ | Director, FY2026, band below S$250,000 | PDF p. 64 |
| Kay Pang Ker-Wei | 70,500 S$ | Director, FY2026, band below S$250,000 | PDF p. 64 |
| Philip William Forrest | 75,000 S$ | Director, FY2026, band below S$250,000 | PDF p. 64 |
| Jeffrey Edward Fisher | 70,500 S$ | Director, FY2026, band below S$250,000 | PDF p. 64 |
| Brian Marshall Storms | 70,500 S$ | Director, FY2026, band below S$250,000 | PDF p. 64 |
Employees
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Total number of employees | 1,063 employees | Group, FY2026 (30 June 2026); FY2025: 989; FY2024: 929 | PDF p. 172 |
Subsequent events
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Amount due from a director | The amount was fully settled subsequent to the financial year end. | Group, FY2026 | PDF p. 115 |
Outlook
| Item | Value | Period / scope | Source |
|---|---|---|---|
| CEO’s Message – outlook | On the outlook, we are seeing resilient demand | CEO, FY2027 outlook | PDF p. 7 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Corporate information
Registration & contacts
- Incorporated In
- SINGAPORE
- [email protected]
- Telephone
- 65 65452929
- Fax
- 65 67331527
- Registered Office
-
21 Bukit Batok Crescent,
#06-74, Wcega Tower,
Singapore 658065 - Secretary
- Ler Ching Chua
- Registrar / Transfer Agent
- BOARDROOM CORPORATE & ADVISORY SERVICES PTE. LTD.
- Registrar Address
- 1 Harbourfront Avenue, Keppel Bay Tower, #14-07, Singapore 098632
- Auditors
- KPMG LLP
- Other Stock Exchange Listings
- *SINGAPORE EXCHANGE LTD.
- Country
- SINGAPORE
- Security Type
- stocks