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Corporate Milestones

Key Corporate Milestones

sapphire-milestones-2016
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

sapphire-milestones-2016
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)

sapphire-milestones-2016
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

sapphire-milestones-2016
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

sapphire-milestones-2015
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

sapphire-milestones-2014

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