One of the leading manufacturers of pleasure crafts for export to USA and Europe, Grand Banks Yachts Limited. (also "Grand Banks" or "GB") was initially established in 1956 as American Marine Ltd., Hong Kong. In 1975, with a change in management, the name of the company was changed to GB Holdings Limited.

 

In 1987, GB became a public listed company and its shares were traded on the SESDAQ board of the Stock Exchange of Singapore. In 1993, the company was upgraded to the main board of the Stock Exchange of Singapore. In 2004, the listed name was changed to Grand Banks Yachts Limited.

 

Originally located in Jurong for 31 years, Grand Banks relocated its operations to its new factory in Loyang in 1999. Today, the company has a factory located in Loyang Crescent and a factory located in the state of Johor, Malaysia. Supported by a total work force of about 1300 employees in Singapore and Malaysia, Grand Banks has an average production capacity of around 100+ boats per year.

 

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