Milestones
SEPTEMBER 2013
Mr. Ho Kwok Wai acquires 90.4 million shares at S$0.18 per
share from President Group Limited. This stake represents
approximately 73.86% shareholding in Singapore Windsor
Holdings Limited and on the same day, Mr. Ho announces a
mandatory unconditional cash offer at S$0.18 per share.
NOVEMBER 2013
Share placement exercise of 24.48 million shares at S$0.22 per
placement share is successfully completed with an estimated net
proceeds of S$5.0 million.
DECEMBER 2013
Entered into a sale and purchase agreement with an unrelated
third party to dispose the Group’s lossmaking silicon manganese
business for HK$45 million.
MARCH 2014
Completion of the disposal of the silicon manganese business.
Announces proposed diversification of the Group’s business
presence in South East Asia, specifically in Myanmar.
JANUARY 2015
The Group announced a joint venture with Quarto Products Pte.
Ltd., an unrelated third party, for the purpose of importing food
and beverage items from overseas suppliers into Myanmar for
onward sale to certain businesses in Myanmar.
MARCH 2015
Proposed disposal of Windsor Holding Investments Ltd. and
Windsor Metal Manufacture Co Ltd.
The Group’s serviced office business venture started operating
serviced offices at the Hledan Centre in Yangon, with a gross floor
area of 1,350 square meters to support 260 work stations across
93 suites.
MAY 2014
The Group announced that it has entered into a joint venture
and shareholders agreement with Golden Infrastructure Group
Limited, an unrelated third party, to pursue business opportunities
in Myanmar’s telecommunication infrastructure sector.
JULY 2014
Appointment of senior executive with extensive business and
emerging market development experience, Mr. Mark Bedingham,
as the Group’s new President and Chief Executive Officer with
effect from January 2015.
The Group announced that it has entered into a joint venture with
ARCC Offices Pte. Ltd., an unrelated third party, to set up and
operate serviced offices and to provide services which are related
and ancillary to such serviced offices in Myanmar.
singapore MYANMAR INVESTCO limited | Annual Report 2016
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