CHASEN LOGISTICS SERVICES LIMITED

The Chasen Group traced its beginning all the way back to the 1990s when Mr Yap Koon Bee @ Louis Yap formed a partnership, Chasen Logistics Services, with two other partners to provide general logistics services such as the supply of labour for the stuffing and unstuffing of containers, packing and warehousing. This business was formally incorporated as Chasen Logistics Services Pte Ltd (CLSPL) in 1999 and the initial partnership was dissolved. In 2001, the labour supply business was discontinued to focus on the business of moving machinery and equipment for manufacturing companies and other businesses setting up operations in Singapore, relocating to new premises within Singapore as well as those moving their operations out of Singapore. A significant milestone occurred in February 2007 when Chasen Holdings Limited was listed on the SGX-SESDAQ (now known as Catalist) via a reverse takeover of China Entertainment Sports Ltd. Through the years, Chasen has expanded from being a specialist relocation solutions provider to a sponsored Catalist-listed Investment Holding Company on the Singapore Exchange. The Group businesses have since extend further up the supply chain to include third party logistics, technical and engineering services in Singapore, Malaysia, People’s Republic of China, Vietnam and Timor-Leste. The diversified revenue sources cover industries such as wafer fabrication, TFT display panel production, semi-conductor, chip testing & assembly, solar panel assembly, consumer electronics, telecommunications, marine, ordnance and construction sectors. Yet another significant development happened when Chasen Holdings Limited was transferred from the Catalist to the Mainboard on the Singapore Exchange in February 2013.