Sapphire Corporation Ltd

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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 $9.6 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

  • Signs MOU with CPG Corporation
  • Ranken Secures Significant Railway Infrastructure Contracts
  • FY2015 Full Year Results – Revenue almost doubles on three-month contributions from Ranken; Posts Profit of $6.5 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

  • Business Update – Potentially investing in the business of a profitable EPC company
  • 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
  • Appointment of New Independent Director, Mr Fong Heng Boo

sapphire-milestones-2013


2013

October 2013

  • Appointment of New Independent Directors, Mr Lim Jun Xiong, Steven and Mr Tao Yeoh Chi
  • Appointment of New Group CEO and Managing Director, Mr Teh Wing Kwan
  • Conducted major strategic review for the Group’s businesses