Enough with the background story. Now, the task at hand need me to craft a solution requiring shared memory and semaphore API. I was surprised that the said environment doesn't support shm_open() POSIX API. Upon further scrutiny, the system doesn't support all shm_XXX() API. This is where I took a step back and try to look back into the platform history to get the big picture. Then I realize that this system is what was once described as System V compliant. This "standard" predates POSIX to some extent, before Linux and other BSD-derived Unix took to the enterprise. In those times, the enterprise Unix market was mostly served by big Unix vendors, i.e. IBM, HP, Sun, SCO, etc. That was when the System V standard were "ratified" for their customers. Now, back to the problem. If shm_XXX() POSIX APIs are not supported, then what API I'm supposed to use? The answer is the shmXXX() API. Instead of shm_open() and such, you get shmget() and such. Linux and most BSD-derived Unix of today also support the System V API as well. So, these System V APIs could be thought of as portable among most operational Unix system of today.
These are several links explaining how to use the System V shmXXX() family of APIs: