Corporate Milestones

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28 Feb 2011
Completed consolidation of shares based on 20 to 1 basis
02 Feb 2011
Officially transferred to Singapore Exchange Mainboard (stock code: NF1)
09 Dec 2010
Received in-principle approval to upgrade to Singapore Exchange Mainboard
06 Aug 2010
Raised indirect stake in core subsidiary, Special Steel, to 70% from 51% in transaction valued at S$ 32.6 million
03 May 2010
Completed internal restructuring exercise to dis-intermediate Trisonic and Kingston and to hold 9.2% China VTM directly. Newly formed Precise Skill Ltd to hold 9.47% Bowei and Prime Empire Ltd 11.73% Weiyuan.
08 Oct 2009
China VTM listed on Hong Kong Stock Exchange. Based on first-day closing price of HK$3.68, the market capitalisation was approximately S$1.3 billion
05 Dec 2007
Acquired 16% indirect stake in an integrated steel company divested from Sichuan ChuanWei Group for approximately US$ 25million.
19 Aug 2005
Renamed "Sapphire Corporation Limited" to reflect new business direction in investment in infrastructure-related businesses
01 Nov 1999
Listed as IRE Corporation Limited on the second board of Singapore Exchange, SESDAQ (now known as Catalist)