Group of Companies

Shipping

The Shipping business is undertaken by Semua International Sdn Bhd (“SISB”), a subsidiary of a Malaysia public listed company, Sumatex Resources Berhad (“SRB”). The Group acquired an equity interest in SISB from SRB in May 2010, under a partnership with a Singapore public listed company to represent its equity investment in the shipping business.

SISB currently operates a fleet of ten tankers with total tonnage of 96,000 DWT. Most of the vessels are on long term charter to a leading Oil Major in Malaysia which transports petroleum products from major oil refineries in Malaysia and Singapore to various oil terminals in Malaysia, whilst a double hull tanker is chartered to a major Korean shipping group transporting chemical products in Asia Pacific and the Middle East. Its fleet of tankers is worth RM500 million in valuations.

The Fleet list:

Manufacturing

The Group’s manufacturing operation currently focuses on its China unit, Chuan Soon Huat Timber Industry (China) Co, Ltd. (“CSH”), a 50-year old company with its origin traced back to Singapore. CSH was acquired by the Group in 2011, and is 100% owned.

CSH specializes in the production of high grade wooden door and related products including main doors for villas, room doors, louver doors, cabinet doors, sliding doors, double doors, fire-proof doors and outdoor patio products. Our products are an essential item used in residential homes, office buildings, apartments, hotels and villas. More than 70% of our products are exported, mainly to Europe and the United States of America. Our domestic sales in China are marketed under our long established trademark of “Johnson Door” and “Creative Door System”. The “Johnson Door” trademark was established in 1821 and we have also created a brand name called “Creative Door System”.

CSH is located in a bustling technology development city of Kunshan, some 45-minute drive from Shanghai in China. Kunshan is strategically located between Shanghai and Suzhou, and is well endowed with very developed air, sea, rail and highway transportations. The CSH facility consists of two plants sprawling over 48,400 square meters. The production equipment uses state-of-the-art technology and is mainly imported from Italy, Germany and England. CSH has achieved ISO9002 SGS certification, ISO14000 environmental system certification and FSC qualified manufacturer status.

Telecommunications and Office Supply Business

The telecommunications and office supplies business come under Planworth Telecommunications (M) Sdn Bhd and Planworth (M) Sdn Bhd respectively (“Planworth”) which serves as a total solution provider to its customers delivering cost- saving and efficiency improvements.

Its dedication to telecommunications and IT services by offering multiple products such as IP PBX, IT Solution, Magic Box and Voice related business has helped many companies to achieve great savings and efficiency improvements. In addition, the supply of various types of office stationery has further added on its strength as a one stop office supply provider in the market. The customer base of Planworth includes reputable companies in banking, stock broking/ securities, media, insurance, commodity, freight forwarding, hotels, medical sector etc.

Financial Institution

The financial institution business is carried out in Papua New Guinea (“PNG”) under Finance Corporation Limited (“FinCorp”), a subsidiary of Grand Columbia Limited (“GCL”) in PNG.

FinCorp is one of the largest fully licensed finance companies in PNG with more than 20,000 clients and growing. With 5 branches in all major locations throughout PNG, FinCorp offers a range of services that is unparalleled in the country but has the ability to cater its clients’ needs where ever they may be located from the coastal areas to the highlands region.

FinCorp’s branches are located in Port Moresby, Lae, Goroka, Mt. Hagen and Kokopo, and has commercial centers in Port Moresby, Lae and Kokopo that is well represented throughout PNG.

Power Generation

A new venture into power generation acquisition in PNG is currently under negotiation and finalization by GCL. If successful, it will form a new division under the flagship of GCL to strengthen its presence in PNG.

Mezzanine Financing

The Group is ready to provide bridging financing to small and medium-sized companies with the following objectives:

- Growth for their business;
- Expand their capacity;
- Acquire other companies;
- Strengthen their working capital:
- Reduced their high cost of debts;
- Increase their working capital;
- Any meaningful business propositions;
- Restructuring.

The Target Partners include:

- Companies with viable business and reasonable track record of operations;;
- Net worth of less than US$20 million;;
- Operating in Asia with substantial control and management based in Singapore or Malaysia;;
- SGX or BURSA listed companies, or Pre-IPO candidates are ideal.

The Financing Model:

The Group provides quasi-equity financing in exchange for the right to convert into equity of the company. Initial injection of the debt capital can be ranging from US$1 to 5 million.

Property Investment and Development

The Group’s property investment comprises large track of commercial land, residential properties, shop office and commercial office buildings for long term recurrent income and capital appreciation of the properties.

In the pipeline are a few development proposals for the Group’s commercial office, which are in the process of implementations.

Budget Hotel Chain

The Group is aspiring to venture into budget hotel in Malaysia as a start and will progressively go regional to establish a budget hotel chain.

Career

No Record Found.