Koon Holdings Ltd

Corporate Profile

Listed on the Mainboard of Australian Securities Exchange Limited and Singapore Exchange Limited, Koon Holdings Limited ("Koon" or together with its subsidiaries, the "Group") is one of Singapore's leading infrastructure construction and civil engineering group with an established track record of over 30 years.

Continuously enhancing its capabilities along the value chain, Koon has gone from a transporter of rocks and stones to a main contractor in numerous iconic infrastructure and reclamation projects in Singapore (such as Serangoon Reservoir, the Ulu Pandan Water Reclamation Plant, Pang Sua Canal, expanding Jurong Island and etc).

Registered with the Building and Construction Authority (BCA) under the A1 category, Koon is able to tender for civil engineering projects with unlimited value in Singapore. Koon's infrastructure construction business activities are further enhanced by its land based plant and equipment rental division, which centralise the procurement of plant and construction equipment to generate cost efficiencies and ensure that its wide range of construction machinery and equipment is efficiently utilised.

Recognising the increasing use of concrete precast products to shorten construction time with better quality control and productivity, Koon moved into the upstream precast industry through the acquisitions of Econ Precast Pte Ltd ("Econ") and Contech Precast Pte Ltd ("Contech") in 2010. With a combined track record of more than 30 years, both Econ and Contech are approved precast works suppliers to Housing and Development Board projects with the highest grading (L6) from the BCA, enabling them to tender for precast works with unlimited value.

As part of Koon's business strategy to generate diversified streams of recurring revenue, profit and cash flow, the Group has ventured into other business investments. Besides quantitative requirements, the business fundamentals of each investment must be aligned with the Group's objective to deliver long term sustainable shareholder value.

The investment in Tesla, an energy infrastructure company, provides a direct channel into the growing energy market in Australia. Upon completion of the power plants, Tesla will begin to generate recurring revenue based on a two-tier revenue matrix (standby fee and actual usage fee).

In addition, as part of the Group’s expansion strategy, Koon acquired a majority stake in GPS Alliance Holdings Pte Ltd that owns premier real estate agency, Global Property Strategic Alliance Pte Ltd, which is involved in a wide spectrum of real estate services.