Hup Seng Huat Co Ltd was the first industrial hardware company to be publicly listed on the Stock Exchange of Singapore in 1994. We have maintained steady growth, with Group net assets amounting to $115.5m for the year ended 30 June 2005 (FY2005).
The company started as a partnership in the 1940s between the late Chairman, Mr Lim Boon Wan, and his brothers, Mr Lim Boon Hong and Mr Lim Boon Kee. The Group is now managed by the second and third generations of the Lim family, assisted by professional managers.
Business grew over the years and culminated in the acquisition of Hoe Seng Huat Pte Ltd in 2004. The enlarged Group’s turnover hit $198m in FY2005. The Group now serves over 1,500 customers in more than 15 countries worldwide compared to 300 customers when it was first listed in 1994.
This year, Hup Seng Huat commemorates a significant milestone. We are celebrating the 60th anniversary of the Company’s founding. Emulating the spirit of our Founders, we are looking for business opportunities that could transform us to be the preferred global total solution provider of steel products and services.