Koon Holdings Ltd

Corporate Milestones

Year Event
  • Increased the stake in Tesla to approximately 74.1%
  • Divested remaining stake in GPS
  • Entered into a joint venture arrangement to set up precast facility in Batam, Indonesia
  • The Penta-Ocean/Koon Joint Venture, a joint venture between KCTC & Penta-Ocean Construction Company Ltd secured S$1.108 billion contract for the Land Preparation Works for Airport Development
  • Divested majority stakes in GPS
  • Increased the stake in Tesla to approximately 71.2%
  • KCTC set up new wholly-owned subsidiary for civil engineering and building works business in Malaysia
  • Tesla commissioned additional three 9.9MW diesel power plants in Western Australia
  • Raised stake in Tesla to approximately 68% (ordinary shares plus preference shares)
  • Acquired 51% stake in GPS Alliance Holdings Pte Ltd ("GPS") that owns Singapore's premier real estate agency, Global Property Strategic Alliance Pte Ltd
  • GPS expanded into property valuation and advisory services
  • Tesla officially commissioned its first 9.9MW diesel power plant in Western Australia
  • GPS ventured into property development via joint venture to develop Watercolours Executive Condominium and expanded into home furnishing
  • Moved up into the upstream precast industry with the acquisitions of Econ Precast Pte Ltd and Contech Precast Pte Ltd
  • Ventured into the Australian energy market through the acquisition of 49% stake in Tesla Holdings Pty Ltd ("Tesla")
  • Upgraded to the SGX Mainboard
  • KCTC obtained the BizSafe Partner Certification as well as the BCA Green & Gracious Builder Award
  • Koon's subsidiary, Koon Construction & Transport Co Pte Ltd ("KCTC"), secured S$118 million contract to construct the Serangoon Reservoir Dams - Gate & Dredging and ancillary works from Public Utilities Board
  • Koon Holdings Limited ("Koon"), an investment holding, was incorporated and listed on the Australian Securities Exchange ("ASX") and Singapore Exchange Securities Trading Limited (SGX) SESDAQ
  • Received ISO 14001 certification for Environmental Management System and OHSAS 18001 for Occupational Health and Safety Management System