We are an investment holding company with interests mainly in property development, property investment and hotel ownership.
How we are organised
The Group operates in four business segments, namely Property, Hotels Investment, Industrial Services and Other Investments.
This segment focuses on development properties for sale in Singapore and Indonesia as well as investment properties in Singapore, Australia and China. Having achieved steady sales from its development properties in Singapore, the Group is now actively developing Batam Opus Bay, the Group’s upcoming integrated mixed development township project in Indonesia.
In Singapore, the Group’s ongoing development properties are Kandis Residence, Mont Botanik Residence and Peak Residence; and the Group’s main investment properties are 18 Robinson and Link@896. Robinson Point was divested under the pursuant to a sale and purchase agreement signed in November 2020 with its completion in June 2021.
Our investments in this segment include an 80.2% equity stake in SP Corporation Limited (“SP Corp”), a SGX listed company; and a wholly owned subsidiary, Hypak Sdn. Bhd. (“Hypak”). SP Corp is primarily engaged in commodities trading, while Hypak is in the business of manufacturing and marketing polypropylene packaging bags in Malaysia.
This segment comprises two hotels in Australia – Grand Hyatt Melbourne and Hyatt Regency Perth – which are managed by Hyatt International.
This segment comprises a 44.5% equity interest in Gul Technologies Singapore Pte. Ltd. (“GulTech”), which manufactures printed circuit boards; and a 49% equity interest in Pan-West (Private) Limited, a retailer of golf-related products.