Sapphire Corporation Limited (“Sapphire” or the “Group”) has undergone a major corporate restructuring and transformation exercise since the appointment of its new Group Chief Executive Officer in October 2013. Sapphire is now an investment management and holding company with subsidiaries in engineering, procurement and construction (“EPC”) and mining services businesses, having divested its legacy steel business in 2014. Sapphire is incorporated in Singapore and has been listed on the Singapore Exchange since 1999.
Sapphire owns a 100% stake in the China-based EPC business Ranken Railway Construction Group Co., Ltd. and its subsidiaries (“Ranken”), which it acquired on 1 October 2015 as part of a new growth strategy via earnings-accretive investment in rail infrastructure. Founded in 1998, Ranken Group is China’s second-largest privately owned integrated rail transport infrastructure group, and holds full Triple-A qualifications and licences for design, construction and project consultation in the rail sector. Ranken‘s clients include state-owned enterprises and Fortune-500 companies in China.
Mining Services Business
Sapphire owns a 100% stake in Mancala Holdings Pty Ltd (“Mancala”), a specialist mining services provider based in Australia. Mancala offers raise-bore drilling, shaft excavation and engineering services, among others. It has completed more than 100 projects in Australia and internationally, and operates Vietnam’s largest nickel mine.