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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,

Our markets are buoyant and we continue to invest in our future growth. 2017 saw us moving into a new business area to expand the scope of our business and bring additional earning streams to the Group. We incorporated Kingsmen Ventures, an investment holding company and Kingsmen Xperience, a company based in the US, to create and own media/entertainment themed licenses and attractions. The establishment of our collaboration with Hasbro International, Inc. to co-conceptualise, create, build and operate NERF family entertainment centre (FEC) attractions across Asia Pacific is the first step into this exciting and growing area.

Our new Kingsmen HQ, to be ready by the second half of 2018 will be another major step in the transformation of Kingsmen and the pivotal anchor of our creative and experiential business focus. To this end, our Kingsmen Academy will continue to play a key role in the training and development of our people to serve our clients, and we continue to invest in new course offerings and the updating of course content for market needs.

Latest News

Benedict Soh
Executive Chairman

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Extracted from Annual Report 2017

Dear Shareholders,

Our markets are buoyant and we continue to invest in our future growth. 2017 saw us moving into a new business area to expand the scope of our business and bring additional earning streams to the Group. We incorporated Kingsmen Ventures, an investment holding company and Kingsmen Xperience, a company based in the US, to create and own media/entertainment themed licenses and attractions. The establishment of our collaboration with Hasbro International, Inc. to co-conceptualise, create, build and operate NERF family entertainment centre (FEC) attractions across Asia Pacific is the first step into this exciting and growing area.

Our new Kingsmen HQ, to be ready by the second half of 2018 will be another major step in the transformation of Kingsmen and the pivotal anchor of our creative and experiential business focus. To this end, our Kingsmen Academy will continue to play a key role in the training and development of our people to serve our clients, and we continue to invest in new course offerings and the updating of course content for market needs.

On the financial front, we recorded a revenue of S$307.2 million and net profit of S$9.7 million in 2017. There was a 6.8% decrease in revenue and an 18.1% decrease in net profit compared to 2016. Our performance was impacted due to the soft retail market, adverse movements in foreign exchange, the completion of several thematic projects and the scheduling of new projects in the pipeline.

Our Exhibitions & Thematic division recorded a revenue of S$136.8 million in 2017, a 9.7% decrease compared to S$151.5 million in 2016, as a number of the larger scale projects were completed in 2016. The division is seeing good demand for its services and is optimistic about its prospects due to various projects already in the works, and several others in the pipeline.

Amidst soft retail conditions, our Retail & Corporate Interiors division continues to push hard as we expand our reach in the hospitality, corporate interior, F&B and mall public area segments while continuing to serve clients in our more established markets of high-end luxury, affordable luxury, fast fashion and travel retail. The division registered a revenue of S$143.2 million in 2017, a 4.9% decline compared to S$150.5 million in 2016.

Our Research & Design division maintained steady growth, registering a revenue of S$15.5 million in 2017, an increase of 2.9% compared to S$15.1 million in 2016. In addition, our Alternative Marketing division achieved a revenue of S$11.8 million in 2017, a decrease of 7.2% from S$12.7 million in 2016. We are taking steps to expand our base of clients and expect improved contribution from the division.

Looking ahead, we see good potential for our continued growth as the diverse industries we serve, and the services and capabilities we have built over the years put us in a unique position. As consumer preferences and needs gravitate towards an experiential focus, demand for our services will continue to expand. As at 31 January 2018, we have secured contracts of S$84 million, of which S$82 million is expected to be recognised in 2018.

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 2017, we would have paid out a total dividend of 2.5 cents per ordinary share for 2017.

In closing, I would like to extend my heartfelt appreciation to all members of Kingsmen for their dedication and passion in delivering value for our clients and the Group. I would also like to acknowledge the Board of Directors for their steadfast support and guidance throughout the year. Last but not least, I am grateful to our business associates, clients and shareholders for their continued support and belief in us.

We are confident that we are on the right path and have the right strategy to deliver on our full potential. We remain committed in pursuit of new business opportunities and delivering value for all our stakeholders.

BENEDICT SOH
Executive Chairman

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t. (65) 688 000 88
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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 oversees 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 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 served as Chairman of the design cluster in the Manpower, Skills & Training Council of WDA, President of the Interior Designers Association (Singapore), an IDP member of the Design Singapore Council and a board member of the Association of Retail Environments/SHOP!(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 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. He currently serves as a member of the School Advisory Council in Cedar Girls Secondary School. 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-ST). 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 Non-Executive Chairman of Jumbo Group Limited and Vibrant Group Ltd and an Independent Director of Ezra Holdings Limited 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 Community Fund Ltd. He is a qualified financial professional from the Association of Chartered Certified Accountants (UK). 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. She is also a member of the Advisory Board at the Singapore Human Resources Institute and a Board member of the YMCA Singapore. She is a trained Executive Coach from Columbia University and certified 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
highlights

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 2017

Results For the Year
FY2013
S$'000
FY2014
S$'000
FY2015
S$'000
FY2016
S$'000
FY2017
S$'000
Revenue
296,251
336,413
327,903
329,707
307,254
Gross profit
75,972
84,840
83,677
83,447
77,198
Profit before tax
22,005
21,554
21,641
14,350
10,168
Profit net of tax attributable to equity
17,744
17,155
19,068
11,896
9,741
   holders of the Company
 
At Year-end (S$'000)
Total assets
209,498
223,914
252,231
259,031
246,365
Total liabilities
120,226
122,849
138,860
140,361
124,315
Shareholders' funds
85,525
96,747
111,277
116,826
120,924
Cash and cash equivalents
62,160
81,360
70,688
74,551
71,073
Borrowings
4,562
6,514
13,385
11,056
13,933
 
Per Share (cents)
Earnings - basic and diluted
9.21
8.84
9.71
6.02
4.90
Dividends
4.00
4.00
3.00
2.50
2.50
Net assets
44.24
49.73
56.51
58.96
60.73
 
Key Ratios (%)
Revenue growth
2.1
13.6
(2.5)
0.6
(6.8)
Gross profit margin
25.6
25.2
25.5
25.3
25.1
Net profit margin
6.0
5.1
5.8
3.6
3.2
Return on shareholders' funds
22.3
18.8
18.3
10.4
8.2
Debt equity
5.3
6.7
12.0
9.5
11.5


Revenue By Activities

Activities
Year Ended 31 Dec 17
Year Ended 31 Dec 16
S$'000
%
S$'000
%
Exhibitions & Thematic
136,772
44.5
151,435
45.9
Retail & Corporate Interiors
143,173
46.6
150,486
45.6
Research & Design
15,521
5.1
15,083
4.6
Alternative Marketing
11,788
3.8
12,703
3.9
Total Revenue
307,254
100.0
329,707
100.0


Turnover By Geography

Geography
Year Ended 31 Dec 17
Year Ended 31 Dec 16
S$'000
%
S$'000
S$'000
South Asia
163,428
53.2
180,799
54.9
North Asia
92,282
30.0
98,030
29.7
Middle East
17,772
5.8
22,724
6.9
United States and Canada
15,971
5.2
15,921
4.8
Europe
14,602
4.8
10,228
3.1
Others
3,199
1.0
2,005
0.6
Total Revenue
307,254
100.0
329,707
100.0


Consolidated Statement of Profit or Loss

 
Group
+ / -
%
Year Ended 31 Dec 17 Year Ended 31 Dec 16
S$'000
S$'000
Revenue      
Exhibitions & Thematic
136,772
151,435
(9.7)
Retail & Corporate Interiors
143,173
150,486
(4.9)
Research & Design
15,521
15,083
2.9
Alternative Marketing
11,788
12,703
(7.2)
       
Total revenue
307,254
329,707
(6.8)
Cost of sales
(230,056)
(246,260)
(6.6)
       
Gross profit
77,198
83,447
(7.5)
Other items of income
 
 
 
   Interest income
409
353
15.9
   Other income
3,989
4,720
(15.5)
Other items of expense
 
 
 
   Depreciation of property, plant and equipment
(2,001)
(2,429)
(17.6)
   Employee benefits expense
(55,025)
(58,527)
(6.0)
   Other expenses
(14,218)
(12,422)
14.5
   Interest expense
(534)
(596)
(10.4)
Share of results of associates
350
(196)
n/m
       
Profit before tax
10,168
14,350
(29.1)
Income tax expense
(996)
(2,586)
(61.5)
       
Profit net of tax
9,172
11,764
(22.0)
       
Profit/(loss) net of tax attributable to:
 
 
 
Equity holders of the Company
9,741
11,896
(18.1)
Non-controlling interests
(569)
(132)
331.1
       
Profit net of tax
9,172
11,764
(22.0)
       

Note:
n/m = not meaningful

Revenue

For the financial year ended 31 December 2017 ("FY2017"), the Group recorded a revenue of S$307.2 million, a decrease of S$22.5 million or 6.8% compared to S$329.7 million for the previous corresponding financial year ended 31 December 2016 ("FY2016").

The Exhibitions & Thematic division registered a revenue of S$136.8 million in FY2017, a decrease of S$14.7 million or 9.7% from S$151.5 million in FY2016. The decrease in revenue was due to the completion of several key projects in FY2016. The key contributors to the division's revenue included major events and projects such as BNP Paribas WTA Finals Singapore presented by SC Global, Desaru Adventure Waterpark, Downton Abbey Touring Exhibition, Dubai Frame, Formula 1 Singapore Grand Prix, Heilan Horse Cultural Experience Pavilion, King Abdulaziz Center for World Culture, Madame Tussauds, National Day Parade 2017, TFWA Asia Pacific Exhibition & Conference 2017 and thematic projects in the region.

The Retail & Corporate Interiors division recorded a revenue of S$143.2 million in FY2017, a decrease of S$7.3 million or 4.9% compared to S$150.5 million in FY2016. The decrease in revenue was due to the softer retail industry in some of the markets. The key accounts which contributed to the division's revenue included clients and brand names such as Aldo, Birkenstock, Coach, DBS Bank, DFS Venture, Dior, Fendi, La Perla, Lululemon, Robinsons, Skechers, Tiffany & Co. and YATA.

The Research & Design division registered a revenue of S$15.5 million in FY2017, an increase of S$0.4 million or 2.9% compared to S$15.1 million in FY2016. The key accounts which contributed to the division's revenue included clients and brand names such as Burberry, Gucci, Madame Tussauds, Procter & Gamble Co., Robinsons and Tencent, and thematic projects in the region.

The Alternative Marketing division achieved a revenue of S$11.8 million in FY2017, a decrease of S$0.9 million or 7.2% from S$12.7 million in FY2016. The key contributors to the division's revenue included events and projects from clients such as DFASS, Global Young Scientists Summit, International Public Policy Association, Shinnyo-en Singapore, StarHub and Techinnovation 2017.

Gross Profit

Gross profit for FY2017 decreased by S$6.2 million or 7.5% to S$77.2 million compared to S$83.4 million in FY2016. The decrease was mainly a result of the lower revenue registered. Gross profit margin remained stable at 25.1% in FY2017 compared to 25.3% in FY2016.

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$0.7 million or 15.5% from S$4.7 million in FY2016 to S$4.0 million in FY2017. The decrease was mainly due to lower rental income of S$0.3 million and an absence of net foreign exchange gain of S$0.3 million.

Other Items Of Expense

Lower operating expenses were incurred in FY2017 compared to FY2016. The lower depreciation charge on property, plant and equipment was mainly due to fully depreciated assets, of which no further depreciation charge was recorded in FY2017. The decrease in employee benefits expense was mainly due to lower costs resulting from reduced headcount and lower performance linked incentives recorded. Other expenses rose mainly due to a net foreign exchange loss of S$1.6 million recorded in FY2017 compared to a net foreign exchange gain of S$0.3 million recorded in other income in FY2016. This arose mainly from the appreciation of the Singapore Dollar against the various currencies that the Group conducted its operations in, in particular the United States Dollar. The fall in interest expense was mainly due to a lower amount of loans and borrowings outstanding in FY2017 compared to FY2016.

Share Of Results Of Associates

Share of results of associates changed by S$0.5 million from a loss of S$0.2 million in FY2016 to a profit of S$0.3 million in FY2017. The change was mainly due to profit contribution from certain associates partially offset by loss contribution from an associate acquired in FY2016.

Profit Net Of Tax Attributable To Equity Holders Of The Company

Based on the above, profit net of tax attributable to equity holders of the Company decreased by S$2.2 million or 18.1% from S$11.9 million in FY2016 to S$9.7 million in FY2017.

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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

No Ratio Available.

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

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

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

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
TMRP - Trustee-Manager/Responsible Person
** 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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    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.