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Kingsmen Creatives Ltd
Kingsmen Creative Centre
3 Changi South Lane
Singapore 486118
t. (65) 688 000 88
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e. info@kingsmen-int.com

About Kingsmen

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Established in 1976, Kingsmen has grown from a local outfit to a regional group with offices in 19 major cities across the Asia Pacific and Middle East regions through its affiliates.

Executive Chairman's Message

Chairman

Dear Shareholders,

2016 was a memorable year for the Group, marking our 40th year anniversary which saw us raise more than S$350,000 in cash and services in kind for Students Care Service. It also signalled the changing of guards, to the next generation of leaders in the Group's executive management team.

This new management team, led by Group CEO Andrew Cheng, Group Managing Director for Exhibitions & Thematic Anthony Chong and Group Managing Director for Retail & Corporate Interiors Alex Wee, will run the day-to-day operations of the Group's businesses, spearheading the next chapter for the Group. Simon Ong, our previous Group Managing Director has been appointed Deputy Chairman. Both of us will now focus on the strategic planning and development of the Group, and exploring new business opportunities.

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Benedict Soh
Executive Chairman

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Extracted from Annual Report 2016

Dear Shareholders,

2016 was a memorable year for the Group, marking our 40th year anniversary which saw us raise more than S$350,000 in cash and services in kind for Students Care Service. It also signalled the changing of guards, to the next generation of leaders in the Group's executive management team.

This new management team, led by Group CEO Andrew Cheng, Group Managing Director for Exhibitions & Thematic Anthony Chong and Group Managing Director for Retail & Corporate Interiors Alex Wee, will run the day-to-day operations of the Group's businesses, spearheading the next chapter for the Group. Simon Ong, our previous Group Managing Director has been appointed Deputy Chairman. Both of us will now focus on the strategic planning and development of the Group, and exploring new business opportunities.

It is also with great sadness that we bid farewell to our Managing Director of Kingsmen Fairtech, Ajay Kapoor, and Independent Director, Wong Ah Long, who passed away in June and August 2016 respectively. Ajay Kapoor was a part of Kingsmen for 20 years and led our operations in India. Wong Ah Long was appointed to the Board of Directors in April 2008 and served as our Independent Director, Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. On behalf of the Board of Directors, I extend our condolences to the families of the late Ajay Kapoor and Wong Ah Long, and would like to express our sincere gratitude for their invaluable contributions to the Group.

On the business front, 2016 saw us working hard to expand our base of clients and the capabilities of our value chain. We ended the year achieving a revenue of S$329.7 million and net profit of S$11.9 million. This is comparable to the revenue of S$327.9 million recorded in 2015, despite the tough market conditions we faced in 2016. Our 2016 net profit of S$11.9 million is a 9.3% decrease compared to the net profit of S$13.2 million in 2015, if we were to exclude the one-off gain of S$5.9 million from the sale of part of our stake in Kingsmen C.M.T.I. Public Company Limited and the fair value of the remaining interest. This non-recurrence, in addition to lower margins for retail & corporate interior works and higher operating costs, affected our bottom line.

In the face of a soft retail environment, our Retail & Corporate Interiors division stepped up their marketing efforts to expand our share in other market segments and explored ways to enhance our service offerings. While this enabled the division to record a 16.7% increase in revenue to S$150.5 million in 2016, compared to S$129.0 million in 2015, it also negatively impacted our profit margin for this division.

Our Exhibitions & Thematic division recorded a revenue of S$151.4 million in 2016, a 12.1% decrease compared to S$172.3 million in 2015, as most of the larger scale projects were recognised in 2015. The outlook for the thematic attractions segment continues to be promising and the division has been actively pitching for new projects. Some of these have already been secured and will feature in our business pipeline in the coming years.

We continue to extend our presence in the brand activation space, reflected in the higher revenue of S$12.7 million in 2016, a 9.5% increase compared to S$11.6 million in 2015 for our Alternative Marketing division. We envisage this trend to continue as we pursue opportunities with new clients and deepen our relationship with existing ones. In addition, our Research & Design division continues to maintain its momentum, registering a revenue of S$15.1 million in 2016, an increase of 0.5% compared to S$15.0 million in 2015.

Looking ahead, we envision that while uncertainties will remain, there is great potential for us to grow in the lifestyle entertainment segment, especially in the thematic attractions, museums and events space with several potential new developments and concepts in the pipeline. Driven by rising sophistication and heightened consumer spending in Asia, we believe this signals a transformation of the lifestyle scene.

This is also evident in the retail scene, with the renewal of traditional retail through niche curation and omni-channel strategies. As at 31 January 2017, we have secured contracts of S$106 million, of which S$97 million is expected to be recognised in 2017.

We are well-positioned to capitalise on these developments as we continue to invest in talent, develop and better integrate our service offerings to add value to clients. To this end, our Kingsmen Academy continues to add courses to our training syllabus for the rigorous training and development of our people to better serve our clients in the face of evolving market needs. Construction works are currently underway and in second half- 2018, our new Kingsmen HQ in Changi Business Park will be ready. Another important addition to Kingsmen is our new Independent Director, Cynthia Tan, who joined the Board of Directors in November 2016.

In line with the Group's policy of distributing its profits to loyal shareholders, the Board of Directors has proposed a final dividend of 1.5 cents per ordinary share. Combined with the interim dividend of 1.0 cent per ordinary share paid in September 2016, we would have paid out a total dividend of 2.5 cents per ordinary share for 2016.

I would like to extend my deepest appreciation to all members of Kingsmen who have dedicated their time and energies toward the Group's success. In addition, I would like to acknowledge the Board of Directors for their unwavering support and guidance throughout the year. Last but not least, I am grateful for our business associates, clients and shareholders who continue to place their trust and support in us.

Moving forward, we remain committed to our relentless pursuit of new business opportunities and excellence in design, quality, and service standards with our dedicated partners. Together, I trust that we can build a sustainable future for Kingsmen.

BENEDICT SOH
Executive Chairman

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t. (65) 688 000 88
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e. info@kingsmen-int.com

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Singapore 486118
t. (65) 688 000 88
f. (65) 688 000 38
e. info@kingsmen-int.com

Benedict Soh
Chairman

Benedict Soh is dedicated to honing the Group's leadership capabilities and human capital, in addition to his role in charting the Group's strategic direction and exploring new business opportunities. One of two founders of the Group, he has contributed significantly to its growth and has over 40 years of experience in the design & production of interiors, exhibits and marketing communications. Mr. Soh has served IE Singapore, Spring Singapore and the Singapore Tourism Board (STB) for various initiatives to improve Singapore's international standing in Tourism & Exhibition Services. He is currently a trustee of the Migrant Workers Centre and is actively involved as a board member of Spring Seeds Capital.

A strong proponent of education, Mr. Soh is the Chairman of Tourism & Hospitality Programmes and a member of the Academic Advisory Board at MDIS. He is also a member of the School Advisory Council of Northbrooks Secondary School and SHATEC's Academic & Examination Advisory Council. In 2014, US-based Exhibit Designers & Producers Association (EDPA) conferred the prestigious Hazel Hays Award in recognition of Mr. Soh's outstanding contributions to the trade show industry, in addition to the Lifetime Achievement for Outstanding Contribution to Tourism accorded by STB in 2012. He was the former President of the Rotary Club of Pandan Valley and holds a Master of Business Administration from the University of Hull in the UK.

Simon Ong
Deputy Chairman

Simon Ong spearheads the strategic planning and development of the Group as well as its creative and brand standards. He is one of the Group's two founders and has contributed significantly to its growth. He is currently Chairman of the design cluster in the Manpower, Skills & Training Council of WDA and a member of the advisory board to the Design Business Chamber of Singapore, Interior Designers Confederation of Singapore and Singapore Furniture Industries Council (Design). Mr. Ong was an IDP member of the DesignSingapore Council and a former board member of the Association of Retail Environments (USA).

An ardent advocate of education, Mr. Ong currently serves as a board director of Nanyang Academy of Fine Arts (NAFA) and a member of the Advisory Board to the School of Design & Environment at the National University of Singapore (NUS). He was the former Chairman of the School Advisory Board of Cedar Girls Secondary School, and once served as a member of the Advisory Board of Temasek Polytechnic School of Design. Mr. Ong also served as President of the Interior Designers Association (Singapore) and Vice-Chairman of the Potong Pasir CC Management Committee. He was awarded a Master of Business Administration from the University of South Australia and a Master in Design from the University of New South Wales, Australia.

Andrew Cheng
Group Chief Executive Officer

Andrew Cheng oversees the Group's day-to-day management, as well as its corporate affairs, business development and strategic planning functions. He has more than 25 years of experience in marketing, sales management, consulting, business development and investor relations. He was the former Honorary Secretary and a Committee Member of the Securities Investors Association (Singapore) and currently serves on the association's Remuneration Sub-Committee. He is also a member of the Dover Park Hospice Communications & Outreach Committee. Andrew has a Bachelor of Economics degree from the University of Tasmania, Australia.

Anthony Chong
Group Managing Director,
Exhibitions & Thematic

Anthony Chong drives the strategic management and day-to-day operations of the Group's Theme Parks, Museums, Exhibitions and Events businesses. He has more than 35 years of experience in marketing and the fulfilment of different disciplines that encompass world-class attractions, tradeshows, retail interiors and large-scale sporting & corporate events. Anthony holds a Master of Business Administration from Victoria University of Technology, Australia.

Alex Wee
Group Managing Director,
Retail & Corporate Interiors

Alex Wee has more than 25 years of experience in the fulfilment of retail & corporate interior fit-outs, custom fixture manufacturing, and general contracting. He is responsible for the strategic management and day-to-day operations of the Group's Retail & Corporate Interiors business. Alex has a Bachelor of Construction Management (Honours) from University of Newcastle, Australia, and a Master of Science in Marketing & Consumer Insight from Nanyang Technological University, Singapore.

Sebastian Tan
Independent Director

Sebastian Tan was appointed Independent Director of the Company in April 2013. In May 2000, he co-founded Boardroom Limited, a company listed on the Singapore Exchange (SGX). He was the Managing/Finance Director of Boardroom Limited from May 2000 to March 2013. Having retired from Boardroom Limited, he continues to be an Advisor. Prior to May 2000, he was with Ernst & Young Singapore and its affiliates since September 1973. Mr. Tan is currently an Independent Director of Ezra Holdings Limited, Jumbo Group Limited, Vibrant Group Ltd and Wilton Resources Corporation Ltd. He is also a Trustee of Kwan Im Thong Hood Cho Temple and a director of D S Lee Foundation and EtonHouse Foundation Limited. He is a qualified financial professional from the Association of Chartered Certified Accountants of the United Kingdom. He was awarded the Public Service Medal in 1996.

Prabhakaran N. Nair
Independent Director

Prabhakaran N. Nair was appointed Independent Director of the Company in August 2003. He began practicing law in 1974 and is an Advocate and Solicitor of Singapore. Mr. Nair is currently a partner of law firm, Messrs Derrick Wong & Lim BC LLP. He obtained a degree in law from the University of Singapore and is a litigation lawyer specialising in Commercial Litigation, Arbitration and Estates and Trusts matters.

Cynthia Tan
Independent Director

Cynthia Tan was appointed Independent Director of the Company in November 2016. She retired from OCBC in 2015 after 16 years as the Head of Group Human Resources. Prior to her role in OCBC, she headed the HR functions in LVMH DFS and Apple Computer. She was a former lecturer at Ngee Ann Polytechnic's School of Business & Accountancy before joining the private sector. Cynthia is currently a member of the Executive Committee of the Dyslexia Association of Singapore and a Patron for the Youth Council at the Singapore Human Resources Institute. She is a trained Executive Coach from Columbia University and a trained Diversity Practitioner from Cornell University. Cynthia obtained her Diploma in Personnel Management from the University of Cardiff, UK and Master of Business Administration from the University of Hull, UK.

financial
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financial highlights / financial ratios /

Contact Us
Kingsmen Creatives Ltd
Kingsmen Creative Centre
3 Changi South Lane
Singapore 486118
t. (65) 688 000 88
f. (65) 688 000 38
e. info@kingsmen-int.com

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Extracted from Annual Report 2016

Results For the Year
FY2012
S$'000
FY2013
S$'000
FY2014
S$'000
FY2015
S$'000
FY2016
S$'000
Revenue
290,190
296,251
336,413
327,903
329,707
Gross profit
72,388
75,972
84,840
83,677
83,447
Profit before tax
21,554
22,005
21,554
21,641
14,350
Profit net of tax attributable to equity
16,914
17,744
17,155
19,068
11,896
   holders of the Company
 
At Year-end (S$'000)
Total assets
179,639
209,498
223,914
252,231
259,031
Total liabilities
102,811
120,226
122,849
138,860
140,361
Shareholders' funds
73,848
85,525
96,747
111,277
116,826
Cash and cash equivalents
51,578
62,160
81,360
70,688
74,551
Borrowings
4,645
4,562
6,514
13,385
11,056
 
Per Share (cents)
Earnings - basic and diluted
8.84
9.21
8.84
9.71
6.02
Dividends
4.00
4.00
4.00
3.00
2.50
Net assets
38.53
44.24
49.73
56.51
58.96
 
Key Ratios (%)
Revenue growth
11.2
2.1
13.6
(2.5)
0.6
Gross profit margin
24.9
25.6
25.2
25.5
25.3
Net profit margin
5.8
6.0
5.1
5.8
3.6
Return on shareholders' funds
24.3
22.3
18.8
18.3
10.4
Debt equity
6.3
5.3
6.7
12.0
9.5


Revenue By Activities

Activities
Year Ended 31 Dec 16
Year Ended 31 Dec 15
S$'000
%
S$'000
%
Exhibitions & Thematic
151,435
45.9
172,306
52.6
Retail & Corporate Interiors
150,486
45.6
128,992
39.3
Research & Design
15,083
4.6
15,008
4.6
Alternative Marketing
12,703
3.9
11,597
3.5
Total Revenue
329,707
100.0
327,903
100.0


Turnover By Geography

Geography
Year Ended 31 Dec 16
Year Ended 31 Dec 15
S$'000
%
S$'000
S$'000
South Asia
180,799
54.9
165,272
50.4
North Asia
98,030
29.7
119,452
36.4
Middle East
22,724
6.9
20,760
6.3
United States and Canada
15,921
4.8
7,923
2.4
Europe
10,228
3.1
11,656
3.6
Others
2,005
0.6
2,840
0.9
Total Revenue
329,707
100.0
327,903
100.0


Consolidated Statement of Profit or Loss

 
Group
+ / -
%
Year Ended 31 Dec 16 Year Ended 31 Dec 15
S$'000 S$'000
Revenue      
Exhibitions & Thematic 151,435 172,306 (12.1)
Retail & Corporate Interiors 150,486 128,992 16.7
Research & Design 15,083 15,008 0.5
Alternative Marketing 12,703 11,597 9.5
       
Total revenue 329,707 327,903 0.6
Cost of sales (246,260) (244,226) 0.8
       
Gross profit 83,447 83,677 (0.3)
Other items of income      
   Interest income 353 389 (9.3)
   Other income 4,720 10,947 (56.9)
Other items of expense      
   Depreciation of property, plant and equipment (2,429) (2,310) 5.2
   Employee benefits expense (58,527) (56,702) 3.2
   Other expenses (12,422) (13,032) (4.7)
   Interest expense (596) (630) (5.4)
Share of results of associates (196) (698) (71.9)
       
Profit before tax 14,350 21,641 (33.7)
Income tax expense (2,586) (2,555) 1.2
       
Profit net of tax 11,764 19,086 (38.4)
       
Profit/(loss) net of tax attributable to:      
Equity holders of the Company 11,896 19,068 (37.6)
Non-controlling interests (132) 18 n/m
       
Profit net of tax 11,764 19,086 (38.4)
       

Note:
n/m = not meaningful

Revenue

For the financial year ended 31 December 2016 ("FY2016"), the Group recorded a revenue of S$329.7 million, an increase of S$1.8 million or 0.6% compared to S$327.9 million for the previous corresponding financial year ended 31 December 2015 ("FY2015").

The Exhibitions & Thematic division registered a revenue of S$151.4 million in FY2016, a decrease of S$20.9 million or 12.1% from S$172.3 million in FY2015. The key contributors to the division's revenue included major events and projects such as Art Stage Singapore 2016, BNP Paribas WTA Finals Singapore presented by SC Global, Food & Hotel Asia 2016, Formula 1 Singapore Grand Prix, Singapore Airshow 2016, TFWA Asia Pacific Exhibition & Conference 2016, Dubai Frame, Heilan Horse Cultural Experience Pavilion, King Abdulaziz Center for World Culture, KidZania Singapore and thematic projects in the region.

The Retail & Corporate Interiors division recorded a revenue of S$150.5 million in FY2016, an increase of S$21.5 million or 16.7% from S$129.0 million in FY2015. The key accounts which contributed to the division's revenue included clients and brand names such as Birkenstock, Bottega Veneta, Coach, DBS Bank, DFS Venture, Fendi, Robinsons, Skechers, Tiffany & Co. and Uniqlo.

The Research & Design division achieved a revenue of S$15.1 million in FY2016, an increase of S$0.1 million or 0.5% compared to S$15.0 million in FY2015. The key accounts which contributed to the division's revenue included clients and brand names such as AllSaints, BMW, Burberry, Changi Airport Group, Kate Spade, Michael Kors, National Museum of Singapore, Procter & Gamble Co., TAG Heuer, Under Armour and Valentino, and thematic projects in the region.

The Alternative Marketing division registered a revenue of S$12.7 million in FY2016, an increase of S$1.1 million or 9.5% compared to S$11.6 million in FY2015. The key contributors to the division's revenue included events and projects from clients such as BMW, CPF Board, Health Promotion Board, Jurong Health, StarHub and Sustainable Energy Association of Singapore.

Gross Profit

Gross profit in FY2016 decreased by S$0.2 million or 0.3% to S$83.5 million compared to S$83.7 million in FY2015. The decrease was a result of a decline in gross profit margin and was partially offset by higher revenue recorded. Gross profit margin was lower at 25.3% in FY2016 compared to 25.5% in FY2015, affected mainly by lower selling prices in the Retail and Corporate Interiors division.

Other Items of Income

Interest income relates mainly to interest income earned from short-term deposits and bank balances placed with banks.

Other income decreased by S$6.2 million or 56.9%, from S$10.9 million in FY2015 to S$4.7 million in FY2016. The decrease was mainly due to the recognition of one-off other income of S$5.9 million from the disposal of interest in an associate and the fair value of the remaining interest in FY2015.

Other Items of Expenses

Higher operating expenses were incurred in FY2016 compared to FY2015. The higher depreciation charge on property, plant and equipment was incurred mainly as a result of the acquisition of plant and equipment in FY2016 to support the operations of the Group. The increase in employee benefits expense was mainly due to higher cost resulting from increased average wage. Other expenses were lower mainly due to a net foreign exchange loss of S$0.6 million recorded in FY2015 compared to a net foreign exchange gain of S$0.3 million recorded in other income in FY2016. Lower interest expense was incurred as a lower amount of loans and borrowings was outstanding in FY2016 compared to FY2015.

Share of Results of Associates

Share of losses of associates decreased by S$0.5 million or 71.9% to S$0.2 million compared to S$0.7 million in FY2015. The decrease was mainly due to lower loss contribution from an associate and was partially offset by the absence of profit contribution from Kingsmen C.M.T.I. Public Company Limited which ceased to be an associate since December 2015.

Profit Net of Tax Attributable to Equity Holders of the Company

Profit net of tax attributable to equity holders of the Company was S$11.9 million in FY2016, a decrease of S$7.2 million from FY2015. Excluding the S$5.9 million one-off other income from the disposal of interest in an associate and the fair value of the remaining interest in FY2015, profit net of tax attributable to equity holders of the Company would be S$13.2 million in FY2015. This amounted to an S$1.3 million or 9.3% decrease in FY2016 compared to FY2015.

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Kingsmen Creative Centre
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t. (65) 688 000 88
f. (65) 688 000 38
e. info@kingsmen-int.com

No Ratio Available.

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t. (65) 688 000 88
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e. info@kingsmen-int.com

  • REGISTRAR
    Boardroom Corporate & Advisory Services Pte Ltd 50 Raffles Place, #32-01 Singapore Land Tower Singapore 048623

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Singapore 486118
t. (65) 688 000 88
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Date Type Remarks
Notes
  • Dates with early, mid or late descriptions are based on the dates from the previous year's results. These are not indicative of future result announcements dates.

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Kingsmen Creatives Ltd
Kingsmen Creative Centre
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Singapore 486118
t. (65) 688 000 88
f. (65) 688 000 38
e. info@kingsmen-int.com

Historical EPS ($) a
NAV ($) b
Historical PE
Price / NAV b
Dividend ($) d
52 Weeks High
Dividend Yield (%) d
52 Weeks Low
Par Value ($)
 
Market Cap (M)
Issued & Paid-up Shares c
Notes
  • Based on latest Full Year results announcement, adjusted for the current number of shares.
  • Based on latest results announcement (Full Year, Half Year or Interim), adjusted for the current number of shares.
  • Rounded to the nearest thousand. Updated on
  • Dividend is based on latest Full Year results announcement, adjusted for current number of shares and excludes special dividend.

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Announce Date
[Date of
Effective
Change]
Buyer / Seller Name
[Type*]
S / W / U ** Bought/
(Sold)
('000)
Price($) After Trade Note
No. of Shares ('000) *** % Held
***
No Insider Trades Available.
* DIR - Director (include Directors of related companies)
SSH - Substantial Shareholder
COY - Company Share Buyback
** S - Shares
W - Warrants
U - Units
R - Rights
*** Direct & Deemed Interests

Notes:

  1. Only trades by directors, substantial shareholders and company share buy back are included in Insider Trades.

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e. info@kingsmen-int.com

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    2009
    We completed over S$70 million worth of contracts at Universal Studios Singapore. Our Interiors division rolled-out new concept stores for Swarovski in Australia, Hong Kong, Japan and Singapore. We also fitted out stores for new brands at Luxury Fashion at Resorts World Sentosa. These include Victoria's Secret, Canali and Swiss Watch Gallery. In addition, we also supplied store fixtures to Polo Ralph Lauren for their shops across Europe.
       
    2008
    We were awarded a five-year contact to fabricate seating and Corporate Suites for the upcoming 2008 FORMULA 1TM Singtel Singapore Grand Prix. We also secured a major contract with Resorts World to fabricate and construct show sets and props for the Waterworld Attraction of RWS Universal Studios Singapore.
       
    2007
    We worked with some of the renowned retail brands and completed 30 projects at two of Malaysia's biggest shopping malls, Pavilion Kuala Lumpur and The Gardens at Mid Valley City. This includes Esprit's three-storey flagship store which is by far the biggest in the region. We also saw the realization of the sequel to the award-winning horological show, TEMPUS - The Temple of Time, as the event's official contractor.
       
    2006
    We completed more than S$10 million worth of retail projects at Vivo City, Singapore's largest retail and lifestyle destination. Also in 2006, we fabricated and installed five galleries in the Singapore National Museum and constructed iSpace, a permanent exhibition at the Singapore Science Centre, within a span of three months.
       
    2005
    We designed and fabricated the first three-storey pavilion in Singapore for Dynamics3: The New BMW 3 Series Launch. Consequently, we were appointed to design and built two BMW showrooms in Singapore. Our Beijing office was also tasked to design and fabricate the biggest film museum in the whole world - the China National Film Museum.
       
    2004
    We provided turnkey solution for the first luxury watch exhibition in Asia - Tempus, The Great Watchscapade; the project won the Best Retail Event of the Year Award in 2005 organized by the Singapore Retailers Association. On the same year, we designed and fitted-out Esprit and Adidas stores in Singapore to reflect their new and improved retail concepts.
       
    2005
    We designed and fabricated the first three-storey pavilion in Singapore for Dynamics3: The New BMW 3 Series Launch. Consequently, we were appointed to design and built two BMW showrooms in Singapore. Our Beijing office was also tasked to design and fabricate the biggest film museum in the whole world - the China National Film Museum.
       
    2004
    We provided turnkey solution for the first luxury watch exhibition in Asia - Tempus, The Great Watchscapade; the project won the Best Retail Event of the Year Award in 2005 organized by the Singapore Retailers Association. On the same year, we designed and fitted-out Esprit and Adidas stores in Singapore to reflect their new and improved retail concepts.
       
    2003
    We designed and fitted out 77 Burberry outlets in 11 countries across Asia Pacific. Likewise, We designed & fabricated the world renowned exhibition, Body Worlds (The Anatomical Exhibition of Real Human Bodies), when it traveled to Singapore.
       
    2002
    We successfully carried out roll-out management projects for UOB, where we managed, designed, produced and installed interiors for 34 UOB branches in Singapore.
       
    2001
    We successfully carried out the roll-out management project for The Body Shop. We were appointed by The Body Shop to manage, design, produce and install interiors for 29 outlets in Singapore and seven outlets in Taiwan.
       
    2000
    We were appointed the designer and builder for the first "thematic" retail store for DFS Galleria flagship store at Millenia Walk, Singapore - "Experiencing Singapura". This project won the Best Retail Concept of the Year Award in 2001 organised by the Singapore Retailers Association.
       
    1999
    We were involved in the Petronas Malaysian Grand Prix - F1 Formula One World Championship at the new Sepang F1 Circuit as the builder of the hospitality lounge for sponsors.
       
    1999
    We were appointed the main contractor for the Rotary International Convention.
       
    1998
    We were involved in the 16th Commonwealth Games held in Kuala Lumpur, Malaysia as the main contractor to construct hospitality villages for the sponsors and production of banners and other decorations.
       
    1997
    We were awarded the contract to construct the exhibits at the Petrosains Discovery Centre in Petronas Twin Towers in Malaysia.
       
    1996
    Together with Mice Plc of UK, we were appointed the main contractor for the Singapore Discovery Centre.
       
    1995
    We were commissioned to fit-out the first Philatelic Museum in South East Asia, the Singapore Philatelic Museum. The Polo Ralph Lauren flagship store at Suntec City was designed and produced by us in the same year.
       
    1993
    We were appointed the main contractor of the Defence Show in Thailand. In the same year, we were appointed designers and contractors for the Brunei pavilion and constructed the European Community and Saudi Arabia pavilions at World Exposition, Taejon, South Korea.
       
    1992
    The STB commissioned us to design and construct the Singapore pavilion for the World Exposition in Seville, Spain.
       
    1991
    We were appointed the main contractor for the first International Maritime and Air Show in Malaysia, the Langkawi International Maritime and Air Show (LIMA).
       
    1990
    We were appointed the main contractor for the 25th National Day Celebrations - Singapore's Silver Jubilee Celebration which was held at the Singapore National Stadium.
       
    1990
    We secured a five year contract from Debis Marketing Pte Ltd, a subsidiary of the Daimler Benz Group in Germany, to handle their exhibitions and events in the Asia Pacific region.
       
    1988
    We were appointed the main contractor for the Asian Aerospace in Singapore, one of the world's most significant air-shows and Asia's largest air-show.
       
    1987
    We handled our first overseas departmental store assignment - design and fit-out works for Printemps departmental store in Malaysia, after our successful design and fit-out works for Printemps' Singapore department stores in 1984.
       
    1986
    We were appointed the designer and builder for the entire stores of St Michael's (now known as Marks & Spencer) and John Little in Singapore. In that year, we also fit-out three out of four floors of Galleries Lafayette in Singapore.
       
    1984
    Our first contract from the operators of Robinsons Department Store was to fit-out part of the store interiors at Centrepoint. Since then, we have successfully completed several other renovations and fitting-out works for the same store, as well as completed the design and production of Robinsons' second retail store at Raffles City, Singapore in 2001.
       
    1984
    We were commissioned by the STB to design and decorate the first Christmas Light Up along Orchard Road, Singapore followed by the Lunar New Year decorations in Chinatown, Hari Raya decorations in Geylang and Deepavali decorations in Serangoon "Little India".
       
    1980
    We were commissioned by the STB to design the Singapore pavilion in the International Tourism Exchange, Berlin, one of the world's leading travel and tourism trade shows.
       
    1979
    We were appointed the main contractor for one of the pioneer trade shows specialising in home furniture and decorations in Singapore - The Homemakers.
       
    1978
    We achieved our first break-through in the design and production of interiors for up-market retail clients when we were appointed by clients representing brands such as Pierre Balmain, Cartier, Louis Vuitton and Davidoff to design and/or fit-out their retail stores in Singapore.