Press Releases

2023

Tuan Sing makes headway with Phase 1 of Opus Bay in Batam

4 May 2023
Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”) is making good progress with its integrated mixed-use township project, Opus Bay, in Batam, Indonesia, while simultaneously developing a luxury outlet mall in East Jakarta.

PT Mitra Adiperkasa Tbk To Establish Brand Presence At The Grand Outlet – East Jakarta

11 January 2023
PT Karawang Outlet Mall, the owner of The Grand Outlet – East Jakarta, today signed a memorandum of understanding with PT Mitra Adiperkasa Tbk for a commitment to lease retail
space at the world-class international luxury shopping destination outlet, located in Karawang

2022

Tuan Sing proposes to privatise SP Corporation by way of a Scheme of Arrangement

20 August 2022
Tuan Sing Holdings Limited (“Tuan Sing”), a regional investment holding company focused on real estate development, real estate investment and hospitality, and SP Corporation Limited (“SP”) today jointly announced (the “Joint Announcement”) the proposed acquisition by Tuan Sing of all the shares in the issued capital of SP (“SP Shares”) held by the SP shareholders other than Tuan Sing (the “Scheme Shareholders”), by way of a scheme of arrangement (the “Scheme”), in accordance with the Singapore Companies Act and The Singapore Code on Takeovers and Mergers. Both parties have entered into an implementation agreement (the “Implementation Agreement”) for this purpose.

Tuan Sing posts net profit of $9.7 million in 1H2022

12 August 2022
Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a regional real estate company focused on real estate development, real estate investment, and hospitality, has reported net profit attributable to shareholders of $9.7 million for the six months ended 30 June 2022 “1H2022”

Tuan Sing And Mitsubishi Estate To Jointly Develop First Phase Of Luxury Outlet Mall ‘The Grand Outlet – East Jakarta’

22 March 2022
Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), and Mitsubishi Estate Co., Ltd. (“MEC”) are teaming up to develop an international luxury outlet mall in Karawang – a fast-growing economic hub connecting Indonesia’s capital city Jakarta and third-largest city Bandung.

Tuan Sing records a 42% increase in FY2021 net profit to $83.7 million

25 February 2022
Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a regional real estate company focused on real estate development, real estate investment, and hospitality, today reported net profit attributable to shareholders of $83.7 million for the financial year ended 31 December 2021 (“FY2021”), a 42% increase from $59.0 million in the same period the year before (“FY2020”).

2021

Tuan Sing receives overwhelming support for its latest bond issue

12 October 2021
Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a regional real estate company focused on real estate investment, real estate development and hospitality, has received strong support for its latest notes issue despite uncertain market conditions and the ongoing Covid-19 pandemic.

2020

Tuan Sing ends FY2019 on diversified portfolio with a growing regional business footprint

23 January 2020
SGX Mainboard-listed Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a fast-growing, diversified regional real estate company focused on property development and investment, hotel investment and industrial services, today reported its unaudited financial results for the quarter (“4Q2019”) and financial year (“FY2019”) ended 31 December 2019.

2019

Tuan Sing reports financial performance for3Q and 9M2019

13 November 2019
SGX Mainboard-listed Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a fast-growing, diversified regional real estate company focused on property development and investment, hotel investment and industrial services, today reported its financial results for the quarter ended 30 September 2019 (“3Q2019”).

Tuan Sing Reports 1H2019 Performance

24 July 2019
SGX Mainboard-listed Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a fast-growing, diversified regional real estate company focused on property development and investment, hotel investment and industrial services, today reported net profit attributable to shareholders of $1.5 million for the second quarter ended 30 June 2019 (“2Q2019”), as compared with $3.0 million in the same quarter last year.

Tuan Sing posts Net Profit Attributable to Shareholders of $0.2 million for 1Q2019

26 April 2019
SGX Mainboard-listed Tuan Sing Holdings Limited (“Tuan Sing”or the “Group”), a fast-growing, diversified regional real estate company focused on propertydevelopment and investment, hotel investment and industrial services, today reported net profit attributable to shareholders of $0.2 million for the first quarter ended 31 March 2019 (“1Q2019”), as compared with $8.2 million in the same quarter last year.

Tuan Sing posts 115% increase in Net Profit Attributable to Shareholders to $134.4 million for FY2018

30 January 2019
SGX Mainboard-listed Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a fast-growing, diversified regional real estate company focused on property development and investment, hotel investment and industrial services, today reported net profit attributable to shareholders of $119.5 million for the fourth quarter ended 31 December 2018 (“4Q2018”), increased by $69.7 million or 140% as compared with $49.8 million in the same quarter last year.

传慎可归属股东净利增加 115%至 1,344 万元

30 January 2019
在新加坡股票交易所主板上市的传慎控股（“传慎”或“集团”），是一家发展迅速、多区域的房地产公司。传慎的主要业务范围在房地产开发、房地产投资、酒店投资和工业服务。集团第四季度可归属股东净利为 1,195 万元，增长了 140%。

2018

Tuan Sing posts 16% increase in Net Profit Attributable to Shareholders to $14.9 million for 9M2018

24 October 2018
SGX Mainboard-listed Tuan Sing Holdings Limited (“Tuan Sing” or the “Group”), a fast-growing, diversified regional real estate company focused on property development and investment, hotel investment and industrial services, today reported net profit attributable to shareholders of $14.9 million for the nine months ended 30 September 2018 (“9M2018”), up 16% from a year ago, mainly on the back of a $3.9 million gain from the divestment of a subsidiary in China and higher profits from GulTech, but partially offset by the absence of a liquidated damage received in FY2017. 。

传慎首九个月可归属股东净利增加 16%至 1,490 万元

24 October 2018
在新加坡股票交易所主板上市的传慎控股（“传慎”或“集团”），是一家发展迅速、多区域的房地产公司。传慎的主要业务范围在房地产开发、房地产投资、酒店投资和工业服务。集团首九个月可归属股东净利为 1,490 万元，增长了 16%。虽然少了去年获得的违金，净利增长主要受益于出售旗下一家中国子公司而获得的 390 万元收益和高科技取得较高的利润。

Tuan Sing’s 1H2018 Reported Net Profit of $11.3 million

25 July 2018
Tuan Sing reported revenue of $81.7 million in 2Q2018, a drop of 3% as compared to $84.1 million in 2Q2017. For 1H2018, Group revenue declined marginally from $158.9 million in 1H2017 to $158.1 million, mainly due to lower sales of residential development projects and a slight decrease of revenue from the hotels business. The slight decrease was partially offset by higher revenue in the Industrial Services. However, the net profit attributable to shareholders increased 70% for 2Q2018 and 58% for 1H2018 over their corresponding periods last year on account of the one-off $3.9 million gain arising from the sale of a plot of land in Qingdao, China.

传慎呈报上半年净利润 1,130 万元

24 July 2018
传慎控股第二季度取得营业额 8,170 万元，比去年第二季的 8,410 万元微跌 3%。上半年营业额为 1.58 亿，同比为 1.59 亿元，主因为住宅开发项目的销售及酒店营业额减少超过工业服务营业额的上涨。第二季度可归属股东净利上涨 70%, 整个上半年则上涨 58%，主要受益于出售在中国青岛的一块地皮的一次性 390 万元收益。

传慎呈报第一季归属股东净利润 820 万元

27 April 2018
传慎控股取得营业额 7,650 万元，同比增长 2%，主要归功于工业服务营业额的上涨。可归属股东净利上涨 53%，达 820 万元，主要受益于子公司出售的一次性 390 万元收益。

Tuan Sing’s 1Q2018 Net Profit Attributable to Shareholders of $8.2 million

27 April 2018
Tuan Sing reported revenue of $76.5 million in 1Q2018, an increase of 2% as compared to 1Q2017 mainly attributable to higher revenue recorded in Industrial Services segment. An increase of net profit attributable to shareholders for 1Q2018 by 53% to $8.2 million mainly because of a oneoff $3.9 million gain on divestment of a subsidiary in China.

Tuan Sing Reported 87% increase in Net Profit Attributable to Shareholders to $62.7 million

26 January 2018
Tuan Sing reported revenue of $98.0 million in 4Q2017, a decrease of 4% as compared to 4Q2016 as there were lower activities from Industrial Services segment. For the full year, Group revenue was $357.9 million, a reduction of 11% as compared to $404.0 million last year duemainly to lower sales of the residential development projects. Net profit attributable to shareholders for4Q2017 increased by 298% to $49.7 million. However, for the full year, the increase was 87% to $62.7million. Higher profits reported were attributable to the fair value gain on investment properties of $44.5 million as compared to $2.2 million last year.

传慎归属股东净利润增长 87％至 6,270 万元

26 January 2018
传慎控股第四季度营业额因受工业服务下滑影响，同比跌 4%，报 9,800 万元。全年营业额为 3.58 亿元，同比为 4.04 亿元。第四季可归属股东净利上涨 298%至 4,970 万元；全年上涨 87%，报 6,270 万元，去年则为 3,360 万元。较高的利润源于今年投资物业公允价值上涨 4,450 万元；去年为 220 万元。

2017

Tuan Sing’s 9M2017 Net Profit of $13.1 million

26 October 2017
Tuan Sing reported revenue of $101.0 million in 3Q2017, an increase of 12% as compared to 3Q2016, due mainly to higher contribution from Property and Industrial Services segments. However, net profit attributable to shareholders fell 9% to $5.9 million. For 9M2017, Group revenue was $259.9 million as compared to $302.3 million in 9M2016. Net profit attributable to shareholders dropped 38% to $13.1 million from $21.1 million last year due to overall decrease in salesof residential development projects.

传慎首九个月取得净利润 1,308 万元

26 October 2017
传慎控股第三季度取得营业额 1.01 亿元，比去年第三季的 9,030 万元上升了 12%。可归属股东净利为 590 万元跌 9%。今年首九个月取得营业额 2.60 亿元，同比为 3.02 亿元。可归属股东净利为 1,310 万元，比去年同期的 2,110 万元，跌 38%。住宅开发项目销售的减少，导致较低的收入和利润。

传慎呈报上半年净利润 720 万元

27 July 2017
传慎控股第二季度取得营业额 8,410 万元，比去年第二季的 1.07 亿元下跌 21%。可归属股东净利为 180 万元跌 64%。今年上半年取得营业额 1.59 亿元，同比为 2.12 亿元。可归属股东净利为 720 万元，比去年同期的 1,470 万元，跌 51%。住宅开发项目的销售少，导致较低的收入和利润。

Tuan Sing 1H2017 Reported Net Profit of $7.2 million

27 July 2017
Tuan Sing reported revenue of $84.1 million in 2Q2017, a drop of 21% as compared to $106.6 million in 2Q2016. Net profit attributable to shareholders fell 64% to $1.8 million. For 1H2017, Group revenue was $158.9 million, a decline of 25% as compared to $212.0 million last year. Net profit attributable to shareholders dropped 51% to $7.2 million from $14.7 million a year earlier. Lower revenue and profit were due to the decrease in sales of the residential development projects.

传慎呈报净利润 540 万元

27 April 2017
传慎控股第一季取得营业额 7,480 万元下跌 29%，去年同期为 1.05 亿元。可归属股东净利同比下跌 44%，为 540 万元。较低的收入和利润反映了集团大部分新加坡住宅单位已售罄。

Tuan Sing Reported Net Profit of $5.4 million

27 April 2017
Tuan Sing reported first quarter revenue of $74.8 million, a drop of 29% as compared to same quarter last year of $105.5 million. Net profit attributable to shareholders fell 44% to $5.4 million as compared to the same quarter last year. Lower revenue and profit were a reflection that the Group had sold most of the units of residential development projects which were completed last year。

Tuan Sing Reported Lower Revenue & Profit

26 January 2017
Tuan Sing reported lower revenue and profit for both the current quarter and the year ended December 2016 as it has completed all three of its residential developments in Singapore. For the full year 2016, Group revenue was $404.0 million, a drop of 40% as compared to $677.1 million last year. Net profit attributable to shareholders dropped 51% to $33.6 million; from $68.8 million of last year.

传慎营业额与利润下降

26 January 2017
传慎控股公布，因在新加坡的三个开发项目已于今年完成，其在第四季和截至2016年12月止的年度因此呈报较低的营业额和利润。集团全年营业额为4.04亿，较去年之6.77亿元下降40%。全年可归属股东净利同比去年跌51%，为3,360万元。

2016

Tuan Sing Posted 9M2016 Net Attributable Profit of $21.1 million

27 October 2016
Tuan Sing reported its nine months revenue of $302.3 million as compared to $533.7 million in the same period last year. Net profit attributable to shareholders fell 61% to $21.1 million as compared to the same period last year. Earnings per share was 1.8 cent as compared to 4.6 cents in a year earlier.

传慎首九个月取得股东净利达 2,110 万元

27 October 2016
传慎控股今年首九个月取得营业额 3.02 亿元，去年同期则为 5.34 亿元。可归属股东净利同比去年跌 61%为 2,110 万元。首九个月每股净利 1.8 分，去年同比为 4.6 分。

Tuan Sing 1H2016 Net Attributable Profit of $14.7 million

28 July 2016
Tuan Sing reported its second quarter revenue of $106.6 million as compared to $194.1 million reported in 2Q2015. Net profit attributable to shareholders was $5.1 million, down from $22.3 million in the same quarter last year. Earnings per share was 0.4 cent as compared to 1.9 cents in 2Q2015.

传慎上半年股东净利达 1,470 万元

28 July 2016
传慎控股第二季度取得营业额 1.07 亿元，去年第二季则为 1.94 亿元。可归属股东净利为 510 万元，比去年同季 2,230 万元跌 77%。第二季每股净利 0.4 分，去年第二季同比为 1.9 分。

Tuan Sing Reports 1Q Profit; Looking For Acquisitions for Growth

28 April 2016
Tuan Sing reported first quarter revenue of $105.5 million as compared to $155.3 million in the same quarter last year. Profit before taxand fair value adjustments stood at $12.0 million. Net profit attributable to shareholders was $9.6 million as compared to $15.9 million in the same quarter last year. Earnings per share was 0.8 cent, down from 1.4 cents a year earlier. Net asset value per share rose to 75.1 cents at 31 March 2016, up from 74.4 cents at 31 December 2015.

传慎第一季度盈利，拟通过收购拓展业务

28 April 2016
传慎控股第一季取得营业额 1.05 亿元，去年同期则为 1.55 亿元。税前利润不包括公允价值调整达 1,200 万元。可归属股东净利为 960 万元，去年第一季则为 1,590 万元。每股净利 0.8 分，去年同比为 1.4 分。每股资产上升至 2016 年 3 月 31 日的75.1 分, 截至前年底则为 74.4 分。