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Corporate Milestones

Key Corporate Milestones

2021

DECEMBER 2021

  • The urban improvement and renewal works at Yulin Road as part of the First Ring Road of Chengdu, which Chengdu Shengshi Jialong City Management Service Co., Ltd., participated together with other parties in planning was officially completed and opened.
  • FY2021 Full Year Results – Increase in profit by 4.1% to RMB29.2 million.

NOVEMBER 2021

  • The upgrading of community area and the International Community Service Centre at Laoma Road, was awarded 2021 Chengdu Community Business “Good Project”.
  • EGM for proposed Change Of Auditors From KPMG LLP To Foo Kon Tan LLP.

OCTOBER 2021

  • The upgrading of community area and the International Community Service Centre at Laoma Road, was awarded the third batch of Chengdu community “beauty space”.

SEPTEMBER 2021

  • The upgrading of community area and the International Community Service Centre at Laoma Road, was awarded “National community business demonstration street” by China Community Business Working Committee.

JULY 2021

  • The upgrading of community area and the International Community Service Centre at Laoma Road, was awarded “The Most Beautiful Community Tour Route” of Chengdu for Tianfu Community Tour around the Laoma Road area.

2020

December 2020

  • Incorporated an effective 58.8% subsidiary, Chengdu Kaiwan Enterprise Management Consulting Co., Ltd. in the business of property management and consulting services.
  • Ranken Railway and its consortium partners secured the second phase of the Public-Private-Partnership (“PPP”) project of the Xijiang River Basin Water Environment Comprehensive Improvement Project in Longquanyi District, Chengdu valued at RMB2.562 billion.
  • FY2020 Full Year Results - Increase in profit by 6.2% to RMB28.0 million.

OCTOBER 2020

  • EGM for the Proposed sale and dilution of Ranken Railway.
  • Completion of the Proposed sale and dilution of Ranken Railway.

AUGUST 2020

  • Injected additional RMB10 million in cash into the share capital of Chengdu Derun Jinlong Environmental Management Co., Ltd.

JUNE 2020

  • Proposed sale and material dilution of effective interest in Ranken Railway resulting in Ranken Railway ceasing to be a subsidiary of the Company (“Proposed sale and dilution of Ranken Railway”).

JANUARY 2020

  • Increased investment in the share capital of Ranken Railway Construction Group Co., Ltd. (“Ranken Railway”) by way of capitalisation of dividends of RMB170,022,000 distributed by Ranken Railway.

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2019

December 2019

  • Injected additional RMB8.75 million in cash into the share capital of Chengdu Derun Jinlong Environmental Management Co., Ltd.
  • Ranken and Alibaba Cloud Computing entered into strategic collaboration to digitise and enhance Ranken’s project management capabilities
  • Ranken accorded a business award from Chengdu Wuhou Business Association
  • Beijing Subway Line 8, which was designed and constructed by Ranken Design Institute, was shortlisted as Construction Project of the Year by The Royal Institution of Chartered Surveyors
  • FY2019 Full Year Results – Increase in profit by 61.1% to RMB26.4 million (announced in February 2020)

November 2019

  • Strategic partnership with LWK + PARTNERS, a leading design architecture practice headquartered in Hong Kong with a network of 11 offices around the globe, to develop new design solutions and cross-share industry experience and knowledge in the TOD industry
  • Ranken awarded a certification from the Science and Technology Bureau of Sichuan Province for its achievement in “Intelligent Project Management Cloud Platform for BIM Technology”

October 2019

  • Appointment of new Independent Director, Mr Tay Eng Kiat Jackson

August 2019

  • Injected additional RMB12.5 million in cash into the share capital of Chengdu Derun Jinlong Environmental Management Co., Ltd.

June 2019

  • Completion of a non-renounceable non-underwritten rights issue of 81,517,978 rights shares, raising net proceeds of approximately RMB50.7 million

April 2019

  • Ranken and partners successfully secured tender bid for a design contract of a Transit-Oriented Development (“TOD”) project in Chengdu; also awarded EPC contract of approximately RMB59 million in Urumqi

January 2019

  • Awarded EPC Contract of RMB832 million related to a Public-Private-Partnership (“PPP”) project in Chengdu

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2018

December 2018

  • Invested RMB25 million for 25% shareholding in Chengdu Derun Jinlong Environmental Management Co., Ltd., a company incorporated for the Project.
  • Proposed a non-renounceable non-underwritten rights issue of up to 81,517,978 new ordinary shares at an issue price of S$0.128 for each Rights Share, on the basis of one (1) Rights Share for every four (4) existing ordinary shares
  • Ranken certified as National Enterprise Technology Centre (国家企业技术中心)
  • Ranken awarded 2018 Hua Xia Construction Science and Technology Award (2018年度华夏建设科学技术奖) by China Architecture Design and Research Institute (中国建筑 设计研究院)
  • Ranken awarded Wuhou Top 50 Private Enterprises by People's Government of Wuhou District.

November 2018

  • Ranken and its consortium partners secured a water treatment and municipal environmental protection PPP project in Chengdu, Sichuan Province, China (the "Project")
  • Ranken awarded Chengdu Top 100 Private Enterprises by People's Government of Chengdu City

April 2018

  • Strategic collaboration with Haitong International Securities Group (Singapore) Co., Ltd
  • Appointment of New Independent Directors, Professor Chew Yong Tian
  • Ranken awarded Chengdu Mayor Quality Nomination Prize (成都市市长质量提名奖)

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2017

December 2017

  • Appointment of New CEO, Ms. Wang Heng
  • Appointment of New Independent Directors, Mr. Oh Eng Bin and Mr. Zhai Guiwu
  • Growing Multinational Enterprise Award conferred by Chengdu Government
  • FY2017 Full Year Results - Secured RMB2.2 billion worth of contracts. Posts Profit of RMB44.4 million (announced in February 2018)

August 2017

  • Certified as High-Tech Enterprise by Sichuan Competent Authorities

May 2017

  • Entry into strategic partnerships with Beijing Enterprises Water Group and China Railway Investment Group to explore water treatment and municipal environmental protection projects

 

Corporate Transformation

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2016

December 2016

  • Signs SPA for disposal of 81% stake in Mancala (completed in February 2017)
  • FY2016 Full Year Results – Secured RMB 1.7 billion worth of contracts. Posts Profit of RMB 46.8 million (announced in February 2017)

November 2016

  • Capital Weekly's Listed Enterprise Excellence Award, the first by a company listed outside Hong Kong

March 2016

  • Appointment of Ms Wang Heng and Mr Cheung Wai Suen as Executive Directors; their extensive experience in China's civil engineering and construction sector is expected to benefit the Group

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2015

December 2015

  • Ranken Secures Significant Railway Infrastructure Contracts
  • FY2015 Full Year Results – Revenue almost doubles on three-month contributions from Ranken; Posts Profit of RMB29.5 million (announced in February 2016)

October 2015

  • Completion of Acquisition of Ranken

September 2015

  • EGM – Obtained shareholders' approval for Acquisition of Ranken

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2014

December 2014

  • Completion of Divestment of Steel Business
  • FY2014 Full Year Results – Reverses Three Years of Losses to Post Profit for FY2014 (announced in February 2015)

November 2014

  • Proposed Acquisition of Ranken (an earnings-accretive investment in rail infrastructure)

July 2014

  • EGM – Obtained shareholders' approval for Divestment of Steel Business

April 2014

  • Proposed Divestment of Loss-Making Steel Business

January 2014

  • Completion of Acquisition of Mancala