Since its incorporation 45 years ago, Chuan Hup Holdings Limited ("Chuan Hup") has repositioned itself into an investment
company with a diversified portfolio of investments in the electronics manufacturing services and property sectors, in addition
to its equity investments portfolio.
The Company was founded in 1970 as a tug and barge service provider to the PSA Corporation in Singapore. It established itself
as one of the leading owners and operators of marine transportation equipment to the resource industry and was listed on the
Mainboard of the Singapore Exchange Securities Trading Limited ("SGX-ST") in 1983. Chuan Hup then diversified its business
activities into electronics manufacturing services and property development.
Its business unit in the electronics manufacturing services industry, PCI Limited ("PCI"), was listed on Sesdaq of the SGX-ST in
1992 and thereafter transferred to the Mainboard of SGX-ST in 1995. Subsequent to a mandatory conditional cash offer launched
by Chuan Hup in 2011, PCI became its 76.7% subsidiary.
Chuan Hup has invested in property development projects for over a decade. As a property developer, Chuan Hup successfully
launched its first residential project in Singapore, The Clementvale, in 1999. It has invested in property development projects in
Australia and Philippines directly or via an equity stake. Joint venture arrangements have enabled Chuan Hup to leverage on the
expertise of local business partners in these development projects overseas. Past developments have all been well received and
fully sold shortly after completion. Current development projects include the Symphony City and Unison in Perth and the Signa
Designer Residences in Manila.
Three floors of office space in GB Building in Singapore were acquired in 2014 to form Chuan Hup's investment property portfolio
for the purpose of generating stable recurring rental income over the long term.
A part of Chuan Hup's original marine business unit that provided offshore support services to the oil and gas industry was listed
as CH Offshore Ltd ("CHO") on the SGX-ST in 2003. Subsequent to a partial divestment of interests in 2005, residual interests in
CHO were fully divested in 2015.
Chuan Hup will continue to maintain a prudent stance as it focuses its efforts to seek investment opportunities that will enhance
returns in the short term and contribute to sustainable long-term growth in shareholder value of the Company.