Archives: Milestone Timelines
Executive news and reviews
2008
Full Year Financial Statement and Dividend Announcement
- Unaudited Full Year Financial Statement Announcement
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Enviro-Hub’s FY2007 net profit attributable to shareholders increases 11-fold to S$20.3 million
- On 25 February 2008, the group, recorded a 986% increase in net profit to SS$20.3 million for the twelve months ended 31 December (FY2007). Revenue increased 74% to S$159.9 million on the back of strong growth across all business segments.
2007
Incorporation Of Subsidiary And Investment In Associate
Incorporation of Subsidiary
- On 17 December 2007, the Board of Directors (the “Board”) of Enviro-Hub Holdings Ltd (the “Company”) is pleased to announce the incorporation of a wholly-owned subsidiary “Enviro-Power Pte Ltd” (“EPPL”). EPPL will own and operate the Company’s pilot plant for the conversion of waste plastics to fuel (“PTF project”) in Singapore.
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Enviro-Hub’s Pilot Plastic-To-Fuel Plant, A Roaring Success
- On 17 December 2007, the Group, one of Asia’s leading electronic waste solutions providers, has announced the successful completion of its Plastic-to-Fuel pilot plant project (“PTF”) in Singapore.
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Enviro-Hub’s 9M2007 Net Profit Jumps 227% To S$17 Million
- On 12 November 2007, the Group, one of Asia’s leading electronic waste solutions providers, recorded a 227% increase in net profit to S$17.0 million for the nine months ended 30 September 2007 (9M2007). Strong contributions from the trading of electronic waste (“e-waste”), metals, copper refining and the e-waste recycling businesses saw revenue increased 89% to S$122.8 million.
Acquisition Of The Remaining 36.3% Shareholdings Comprising 2,743,765 Ordinary Shares In The Capital Of Cimelia Resource Recovery Pte. Ltd. (The “Acquisition”)
- On 30 April 2007, the Group announced that 137,630,373 new ordinary shares in the capital of the Company, which have been allotted and issued pursuant to the Acquisition are listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited.
Completion Of The Sale And Leaseback Of Properties
- On 19 April 2007, the Group announced that the sale of the E-HUB Property and the Cimelia Property (the “Properties”) to HSBC Institutional Trust Services (Singapore) Limited, as trustee of MacarthurCook Industrial REIT, and the leaseback of the respective Properties, have been completed. The final consideration amounts for the E-HUB Property and the Cimelia Property amounted to S$39,406,642 and S$20,800,000 respectively.
Enviro-Hub Receives The Necessary Approvals For Copper Plant To Commence Commercial Production And Sale
- On March 23, 2007, the Group announced that its wholly-owned subsidiary, e-HUB Metals Pte Ltd, has obtained the requisite approvals from the relevant authorities for the Group’s copper plant (the “Plant”). The approvals enable the Plant which is the first in Singapore and one of the few in the region to commence commercial production and sale of copper cathodes immediately.
2006
Business Turnaround (for FY2006 1H)
- Revenue grew 403.95% to S$40.9 million in 1st half 2006 (first half 2005 S$8.1 million)
Net Profit grew 554.62% to S$5.9 million in 1st half 2006 (first half 2005 S$0.90 million)
Setup of Copper Smelting & Refinery Plant
- On 22 June 2006, the Group announced that its wholly-owned subsidiary, e-HUB Metals Pte Ltd, is investing S$15 million to set up a Copper Smelting & Refinery Plant in Singapore for the smelting and refining of copper recovered from electronic wastes.
Signing of Memorandum Of Understanding (“MOU”) to acquire 100% of Cimelia
- On 6 November 2006, the Group announced that it has entered into a memorandum of understanding (the “MOU”) to acquire the remaining 36.3% shareholdings in Cimelia Resource Recovery Pte. Ltd. (“Cimelia”) not held by the Company.
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Signing of Sale and Purchase Agreement (“S & P Agreement”)
- On 6 December 2006 the Company announced that it had entered into a S & P Agreement with Ms Seow Siew Lan (“Seow”), Mr Mohamed Gani Mohamed Ansari, Mr Venkatesha Murthy, Mr Ong Chee Kang (collectively the “Vendors”) for the acquisition of the remaining 36.3% shareholdings, comprising 2,743,765 ordinary shares in Cimelia Resource Recovery Pte Ltd from the Vendors.
2005
Focus on providing total environmental solutions & services
- The group changed its name to Enviro-Hub Holdings Ltd on 16 August 2005 to better reflect its new business focus.
- New business angle : as an INTEGRATED ENVIRONMENTAL SERVICES HUB, providing TOTAL environmental management solutions and services to the Global Electronics, Electrical and Equipment (EEE) industries.
- Restructured wholly-owned subsidiary Grand Hardware & Machinery to e-HUB Metals Pte Ltd on 30 September 2005. Commenced recovery & processing of ferrous and non ferrous metals.
Acquisitions of
- Cimelia Resource Recovery Pte Ltd andHLS Electronics Pte Ltd
Acquired 20 Gul Way
- a plot of land area approx. 850,000 sq. ft with custom-built factory premises.
1998
- Listed on the Mainboard of the SGX-ST as Leong Hin Holdings Limited on 28 August.