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 and Managing Director in October 2013.
Sapphire is an investment management and holding company principally engaged in the rail and infrastructure engineering, procurement and construction (“EPC”) business, having divested its legacy steel business in 2014 and disposed of an 81% stake in its mining services business in early 2017. Sapphire is incorporated in Singapore and has been listed on the Mainboard of the Singapore Exchange since 1999.
The Group owns a 100% stake in China-based EPC business Ranken Infrastructure Limited (“Ranken”) and its subsidiaries, which it acquired on 1 October 2015 as part of a new growth strategy via earnings-accretive investment. Founded in 1998, Ranken is incorporated in Hong Kong and based in Chengdu. It is a full-fledged EPC firm and one of the largest privately owned integrated rail transport infrastructure groups in China. Ranken holds full Triple-A qualifications and licences for design, civil engineering, construction and project consultation in the rail sector.
Ranken’s expertise includes civil engineering works for metro lines, urban rail transit, expressways, roads and bridges. Its track record includes major infrastructure projects in China and South Asia.