Bonvests B28

Background

The Company was incorporated as Industrial Electronics & Engineering Ltd (IEE),
a private limited company on 15 May 1969 and acquired public status on 1 April
1973. In 1979, the IEE group terminated its electronics manufacturing
activities. It went into real estate development and investment after the
restructuring of its capital and a change of name to Bonvests Hldgs Ltd in
1983. The Company is now an investment holding company.
The Group's four core businesses are:
• property development and investment
• food and beverage ownership and management
• hotel ownership and management
• waste management and contract cleaning of buildings
In Singapore, Bonvests owns and manages various prime commercial properties,
including its flagship building, Liat Towers. The Group operated approximately
100 F&B outlets island-wide as of 31 December 2003 under the franchises from
Burger King, Starbucks Coffee, Orange Julius and Dairy Queen, as well as under
its own brand, Captain Cook. The Group's 5-star luxury hotels are located in
Mauritius and Tunis (Tunisia), marketed under 'The Residence' brand name and in
Singapore, Sheraton Towers Singapore.
Bonvests also owns a 77.36 percent stake in Sesdaq-listed subsidiary, Colex
Holdings Limited, one of Singapore's leading waste management and contract
cleaning companies.
The ultimate holding company is Goldvein Hldgs Pte Ltd which is incorporated in
Singapore.

SGX source · Source update: 09/03/2024 08:45:40 AM (timezone not specified). Source text may be historical.