Choo Boon Tiong
Independent Non-Executive Chairman
Annual-report snapshot. Appointed as Independent Director on 1 February 2024. Remuneration Committee chairman; Audit and Nominating Committee member.The business, the people and the ownership behind Asia Enterprises.
Business overview
Asia Enterprises distributes steel products to industrial customers in Singapore and Asia Pacific. Its services combine steel supply with value-added processing and delivery support to provide customers with integrated materials solutions.
Listed security
Board & management
Six directors, four other executive officers and the Company Secretary are named. Lee Yih Chyi, Yvonne is Managing Director; no additional CEO title is inferred. Thang Koon Tee is Group Financial Controller, not an invented CFO.
The separately dated official 12 May 2026 announcement adds existing director Lee Yih Hwan to all three Board committees and identifies him as non-independent. It does not appoint a new director.
The Corporate Information page is physical p112, the right cover flap. Off-crop text retained by the text archive on p2 is not treated as visible evidence on that page.
Independent Non-Executive Chairman
Annual-report snapshot. Appointed as Independent Director on 1 February 2024. Remuneration Committee chairman; Audit and Nominating Committee member.Managing Director
Annual-report snapshot. Appointed to the Board on 22 July 2005. Oversees Group management and business operations. The original names the office Managing Director, not CEO.Executive Director
Annual-report snapshot. Appointed Executive Director on 2 May 2025. Chairman of associate GKE Metal Logistics; this is separate from an ownership or subsidiary classification.Non-Executive Director
Annual Board appointment and separately dated 12 May 2026 committee update. Appointed on 1 January 2021. Subsequent official announcement appoints him to the Audit, Nominating and Remuneration Committees with effect from 12 May 2026 and regards him as non-independent.Independent Director
Annual-report snapshot. Appointed on 1 February 2024. Audit Committee chairman.Independent Director
Annual-report snapshot. Appointed on 8 April 2020. Nominating Committee chairman. His former CEO role at DBS Trading is not an Asia Enterprises CEO appointment.Group Financial Controller
Annual-report executive-officer snapshot. External and former roles in the biography are not current appointments at the issuer.General Manager (Head of Sales)
Annual-report executive-officer snapshot. External and former roles in the biography are not current appointments at the issuer.General Manager
Annual-report executive-officer snapshot. External and former roles in the biography are not current appointments at the issuer.Head of Production
Annual-report executive-officer snapshot. External and former roles in the biography are not current appointments at the issuer.Company Secretary
Visible on the original right cover flap; source coordinates are crop-relative.Roles listed in Annual Report 2025; current appointments are not independently verified.
Holdings
Register dated 10 March 2026: 20 registered accounts, seven substantial shareholders and ten register or ownership-chain contexts. The ordinary-share base is 369,528,887 excluding 788,600 treasury shares; subsidiary holdings are Nil.
Substantial-holder percentages apply to each reported total. Shenton and Lee family deemed interests overlap; Hung Lin and Li Jing share a single block. Actual superscript footnote glyphs are separated from counts using original character size and position.
Direct shares 127,377,350; deemed shares –; total shares 127,377,350; total % 34.47
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.Direct shares 3,816,216; deemed shares 127,377,350; total shares 131,193,566; total % 35.50
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.Direct shares 660,000; deemed shares 131,193,566; total shares 131,853,566; total % 35.68
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.Direct shares 70,000; deemed shares 131,193,566; total shares 131,263,566; total % 35.52
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.Direct shares 36,872,025; deemed shares –; total shares 36,872,025; total % 9.98
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.Direct shares 28,400,000; deemed shares –; total shares 28,400,000; total % 7.69
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.Direct shares –; deemed shares 28,400,000; total shares 28,400,000; total % 7.69
As at 10 March 2026. Source percentage applies to the reported total, not each direct/deemed column. Shenton and Lee family interests overlap; Hung Lin and Li Jing share the same deemed block. Do not add overlapping holdings.369,528,887
Issued ordinary-share denominator excluding treasury shares and nil subsidiary holdings.788,600
Non-voting treasury shares, excluded from the ordinary-share denominator.0.21%
Source denominator excludes treasury shares and subsidiary holdings.Nil
Holdings of Company shares by subsidiaries, not an absence of operating subsidiaries.One vote for each ordinary share; treasury shares Nil
Original voting-rights disclosure.1,356 shareholders; 369,528,887 shares
Original register total.79.97%Total interest
46.60%
Public float; separate from registered top-twenty concentration.127,377,350 and 3,816,216 shares
Lee Choon Bok is a shareholder of Shenton. Lee Yih Chyi, Yvonne and Lee Yih Hwan are his children and Shenton shareholders; their deemed interests include the same two blocks.28,400,000 shares
Li Jing, Jason is the sole shareholder of Hung Lin. Its direct and his deemed 7.69% are overlapping interests, not two stakes.Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-03-10 · PDF p. 103
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| Shenton Investment Pte Ltd | 127,377,350 shares; 34.47% | PDF p. 1032026-03-10 | |
| Harmaidy | 36,872,025 shares; 9.98% | PDF p. 1032026-03-10 | |
| Hung Lin Holding Ltd | 28,400,000 shares; 7.69% | PDF p. 1032026-03-10 | |
| Minh-Chieh Investments Pte Ltd | 16,498,908 shares; 4.46% | PDF p. 1032026-03-10 | |
| DBS Nominees (Private) Limited | 15,186,850 shares; 4.11% | PDF p. 1032026-03-10 | |
| Koh Suew Leng | 14,346,067 shares; 3.88% | PDF p. 1032026-03-10 | |
| Tan Wai See | 8,920,000 shares; 2.41% | PDF p. 1032026-03-10 | |
| Phillip Securities Pte Ltd | 8,677,099 shares; 2.35% | PDF p. 1032026-03-10 | |
| DB Nominees (Singapore) Pte Ltd | 8,395,800 shares; 2.27% | PDF p. 1032026-03-10 | |
| Lew Wing Kit | 5,049,100 shares; 1.37% | PDF p. 1032026-03-10 | |
| Yeo Seng Chong | 3,950,000 shares; 1.07% | PDF p. 1032026-03-10 | |
| Lee Choon Bok | 3,816,216 shares; 1.03% | PDF p. 1032026-03-10 | |
| Lim Chin Hian | 3,153,000 shares; 0.85% | PDF p. 1032026-03-10 | |
| Yap Hwee Hong | 3,000,516 shares; 0.81% | PDF p. 1032026-03-10 | |
| Koh Siak Lin, Victor | 2,584,408 shares; 0.70% | PDF p. 1032026-03-10 | |
| Ang Hao Yao (Hong Haoyao) | 2,061,050 shares; 0.56% | PDF p. 1032026-03-10 | |
| Estate of Yeo Eng Hock, Deceased | 2,020,708 shares; 0.55% | PDF p. 1032026-03-10 | |
| Ho Juat Keng | 1,830,000 shares; 0.50% | PDF p. 1032026-03-10 | |
| Morph Investments Ltd | 1,708,000 shares; 0.46% | PDF p. 1032026-03-10 | |
| OCBC Nominees Singapore Private Limited | 1,667,600 shares; 0.45% | PDF p. 1032026-03-10 | |
Group structure
All two subsidiaries and the separately classified associate in Notes 15–16 are retained with original country, activity, investment cost and both ownership columns. Both subsidiaries are Singapore companies owned 100% in FY2025 and FY2024.
GKE Metal Logistics is a 28.64% associate acquired in FY2025 through non-cash share consideration. It is not a subsidiary. Its Group carrying value, Company cost and share of profit use distinct scopes. No unsupported ultimate parent is inferred from substantial shareholdings.
| Company | Market | Ownership interest |
|---|---|---|
| Asia Enterprises (Private) LimitedHeld by the Company. Activity: Importing, exporting and marketing of steel products. Company investment cost is not an ownership percentage.PDF p. 84 | Singapore; effective equity interest 2025/2024 100%/100%; Company cost 2025/2024 S$000 41,130/41,130 | |
| Asia-Beni Steel Industries (Pte) LtdHeld by the Company. Activity: Processing and marketing of steel products. Company investment cost is not an ownership percentage.PDF p. 84 | Singapore; effective equity interest 2025/2024 100%/100%; Company cost 2025/2024 S$000 4,550/4,550 | |
| GKE Metal Logistics Pte. Ltd.Held by the Company. Activity: Storage, freight forwarding, warehousing, packing, removal and delivery activities. Company investment cost is not an ownership percentage. Acquired through a non-cash issue of 28,400 thousand shares on 30 April 2025. Group carrying amount S$4,641,000 includes S$1,034,000 share of profit; Company cost S$3,607,000 is distinct. The associate’s own revenue and profit are not the Group’s share.PDF p. 85 | Singapore; effective equity interest 2025/2024 28.64%/–; Company cost 2025/2024 S$000 3,607/– | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| THANG KOON TEE | Group Financial Controller | PDF p. 9 | |
| Teo Kah Kheng | General Manager (Head of Sales) | PDF p. 9 | |
| Siau Kuei Lian | COMPANY SECRETARY | PDF p. 2 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| INTERESTED PERSON TRANSACTIONS | There are no interested person transactions entered into during the year. | Company | PDF p. 32 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Banker’s guarantee | 81 $’000 | Group, 2025 (2024: 12) | PDF p. 100 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Choo Boon Tiong | 61,000 $ | Director, FY2025, from the Company and its subsidiaries | PDF p. 24 |
| Neo Gim Kiong | 52,000 $ | Director, FY2025 | PDF p. 24 |
| Lee Yih Chyi, Yvonne | 557,871 $ | Director, FY2025 | PDF p. 24 |
| Koh Wee Kiang | 48,000 $ | Director, FY2025 | PDF p. 24 |
| Lee Yih Hwan | 40,000 $ | Director, FY2025 | PDF p. 24 |
| Li Jing, Jason | He received remuneration from GKE Metal Logistics Pte. Ltd., an associated company of the Company. | Director, FY2025 | PDF p. 24 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Subsequent developments | There are no significant developments subsequent to the release of the Group’s and the Company’s preliminary financial statements | Group and Company | PDF p. 59 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Asia Enterprises presently owns two facilities in Singapore | a multi-storey warehouse and a steel processing plant-cum-warehouse | Group | PDF p. 2 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Corporate information