The Company was incorporated in Singapore on 7 April 2003 under the name of
Gallant Venture Pte Ltd. The Company adopted its present name on 25 April 2006.
The Group is a Singapore-incorporated investment holding company focused on
regional growth opportunities. Its existing investments are mainly located in
Batam and Bintan in Indonesia. These investments operate four major lines of
business:
(i) Industrial parks business — owns and operates international standard
industrial parks with approximately 63 ha of net lettable area in Batam and
Bintan which were valued at approximately $442 million as at 1 February 2006;
(ii) Utilities business — provides telecommunications, electricity and water
supply and waste management services from our facilities which cost over $409
million to develop;
(iii) Resort operations business — provides one-stop support services to the
four resorts and seven hotel properties in Bintan Resorts, including ferry
services, ferry terminal operations, estate management and security,
fire-fighting and medical services; and
(iv) Property development business — owns land and acts as the masterplanner
for industrial park and resort development opportunities in Bintan Industrial
Estate and Bintan Resorts. It has properties for development totalling
approximately 18,200 ha valued at approximately $541 million as at 1 February
2006.
SGX source · Source update: 05/01/2024 08:50:56 AM (timezone not specified). Source text may be historical.