Case Study: Nam Cheong strengthens internal controls and risk management with Tricor Group

Strengthening Post-IPO Internal Controls & Risk Assessment

Nam Cheong Limited, a leading offshore marine and OSV shipbuilder listed on SGX, needed to strengthen its post-IPO internal controls and risk management framework. It engaged Tricor Group’s Tricor Axcelasia internal audit and risk advisory services to conduct a risk-based assessment, identify control gaps, and improve efficiency across its operations in Malaysia, Singapore, and China.

Tricor Group’s Tricor Axcelasia performed an internal control review and helped establish an Enterprise Risk Management framework with board and senior leadership involvement. The engagement improved internal controls, raised risk awareness across the organization, strengthened regulatory compliance, and enabled Nam Cheong to manage strategic and operational risks more proactively; the customer also continued to engage Tricor Axcelasia annually for internal audit and risk management support.

Nam Cheong

Leong Seng Keat

Chief Executive Officer