| Description | HS Optimus Holdings Limited SGX-ST code "504" (formerly known as "KLW Holdings Limited") began as a woodworking business in Kota Tinggi, Malaysia and Singapore from 1983, and was listed as a public limited company on 10 September 1998 on the secondary board of the Stock Exchange of Singapore Catalist Board (formerly known as "SESDAQ"). The Company and its subsidiaries ("Group") have evolved and developed into a regional and diversified group with 3 main business segments: (i) Door Manufacturing and Distribution - High value and environmentally friendly timber quality doors for well-known quality home improvement and DIY chain-stores and distributors throughout Europe, United States, the middle east and parts of Asia. With a full manufacturing factory and capabilities located in Johor Bahru, Malaysia, with a floor space of 300,000 sq. ft. with the capability to produce approximately up to 300,000 doors per year. and is FSC and ISO certified. The Group has built a reputation for reliable, consistent and durable quality engineered doors in the market which had made it as the accepted and preferred choice for door distributors especially in Europe. (ii) Property development and property investment - In December 2014, the Company expanded into property development and property investment and has made forays into regional markets, specifically in Melbourne, Australia and Jakarta Indonesia, as shown by its sale of the property at 301, Flinders Lane for A$34.2 million in 2016. The Groups current property portfolio includes a 5-storey building located at 23-31 Lincoln Square South, Carlton, Melbourne, Australia and a 7,913 square metres land located at Jl. R.A. Kartini No. 18, Jakarta, Indonesia. In 2021, the Company also entered into an investment debt and marketing agreement with the owners of the property located at 82 Westgarth Street, Fitzroy, Melbourne, Australia. (iii) Secured Property Financing Business - In December 2021, the Company obtained shareholder approval to expand its core business to include the secured property financing, which would entail providing financing to Singapore incorporated or registered corporations or LLPs which are secured in the form of a first mortgage on residential, commercial or industrial property and personal guarantees, owned by the borrowing entity and /or owner.
Additional info from SGX:
HS Optimus Holdings Limited SGX-ST code "504" (formerly known as "KLW Holdings Limited") began as a woodworking business in Kota Tinggi, Malaysia and Singapore from 1983, and was listed as a public limited company on 10 September 1998 on the secondary board of the Stock Exchange of Singapore Catalist Board (formerly known as "SESDAQ"). The Company and its subsidiaries ("Group") have evolved and developed into a regional and diversified group with 3 main business segments: (i) Door Manufacturing and Distribution - High value and environmentally friendly timber quality doors for well-known quality home improvement and DIY chain-stores and distributors throughout Europe, United States, the middle east and parts of Asia. With a full manufacturing factory and capabilities located in Johor Bahru, Malaysia, with a floor space of 300,000 sq. ft. with the capability to produce approximately up to 300,000 doors per year. and is FSC and ISO certified. The Group has built a reputation for reliable, consistent and durable quality engineered doors in the market which had made it as the accepted and preferred choice for door distributors especially in Europe. (ii) Property development and property investment - In December 2014, the Company expanded into property development and property investment and has made forays into regional markets, specifically in Melbourne, Australia and Jakarta Indonesia, as shown by its sale of the property at 301, Flinders Lane for A$34.2 million in 2016. The Groups current property portfolio includes a 5-storey building located at 23-31 Lincoln Square South, Carlton, Melbourne, Australia and a 7,913 square metres land located at Jl. R.A. Kartini No. 18, Jakarta, Indonesia. In 2021, the Company also entered into an investment debt and marketing agreement with the owners of the property located at 82 Westgarth Street, Fitzroy, Melbourne, Australia. (iii) Secured Property Financing Business - In December 2021, the Company obtained shareholder approval to expand its core business to include the secured property financing, which would entail providing financing to Singapore incorporated or registered corporations or LLPs which are secured in the form of a first mortgage on residential, commercial or industrial property and personal guarantees, owned by the borrowing entity and /or owner. |