Corporate Milestones
25 Feb 2010 |
Records net profit of S$43.5 mil in FY2009 on contribution from Special Steel and dilution gain from 9.2%-Held HK-Listed China VTM. |
13 Nov 2009 |
Reverses losses to post net profit of S$6.5 million in 3Q2009 |
10 Nov 2009 |
Effective indirect 9.6% stake in China VTM was reduced to 9.22% due to over allocation of an aggregate of 88.32 mil shares, of which China VTM allotted and issued 75 mil shares. |
23 Oct 2009 |
Annual capacity of Phase 1 of Vanadium Pentoxide production facility has been increased to 3.500 tonnes from its original 2,500 tonnes due to technical enhancement. |
12 Oct 2009 |
Entered into the contracts for the purchase, sale and shipment of iron ore for gross value of US$ 6.3 mil. |
08 Oct 2009 |
Indirectly held 9.6% stake in associate company, China VTM was listed on HKSE. Based on first-day closing price of HK$ 3.68, the market capitalisation was approximately S$ 1.3 bil. |
08 Jun 2009 |
Completion of share swap agreement for acquisition of 56.88% equity interest in Lucky Art Holdings Ltd, which holds 70% in Special Steel, for a consideration of S$ 54.9 mil, which was satisfied by an aggregate 4.39 bil new shares. Hence, raises effective stake in Special Steel from 11.2% to 51% |
14 May 2009 |
Conversion of Convertible Bond by Shuntong which is owned by Mo Zhiguo and his wife. |
07 May 2009 |
Convertible Bond was sold to Sichuan Shuntong Mine Industry Group Ltd, which is engaged in the business of resource-controlling and trading, primarily in the coal, iron ore and non-ferrous metal industries. |
30 Dec 2008 |
Completion of shipment of iron ore amounting to US$ 5.9 mil to Tangshan Iron & Steel Group Co., Ltd |
17 Mar 2008 |
Equity interest in Kingston Grand Ltd reduced from 49% to 40% following conversion of loan amounting to US$ 11.5mil by Mr. Wang Jin. |
11 Feb 2008 |
Completion of sale of 25% equity interest in Song Yuan Tian Xi Harbor Oil Exploration Co., Ltd to Sky China Petroleum Services Ltd for a sum of S$ 7.8mil. |
06 Feb 2008 |
Completion of direct, unconditional, unsubordinated 1.25% Convertible Bonds due 2010 of an aggregate principal amount of S$ 35 mil. |
05 Dec 2008 |
Completion of 49% equity interest in Kingston Grand Ltd which amounts to S$ 36.3 mil. |
04 Oct 2007 |
2.335 bil rights shares issued and allotted for an aggregate price of S$ 42 mil. |
28 Sep 2007 |
435 mil new shares allotted and issued to the conversion creditors for Debt Conversion Exercise. |
30 Aug 2005 |
Renamed to "Sapphire Corporation Limited" from I.R.E Corporation Limited to reflect new business direction in investment in infrastructure-related businesses. |
01 Nov 1999 |
Listed on the second board of Singapore Exchange, SESDAQ (currently known as "Catalist"). |