NSL N02

SGD 0.85 +0.00% +0.00 Updated 13 Nov 2026, 17:16 SGT

Company profile

The business, the people and the ownership behind NSL.

Investor relations ↗Official company website

Business overview

About the company

NSL manufactures precast concrete components and prefabricated bathroom units, and provides environmental services. Its environmental activities include treatment and logistics for hazardous industrial waste and wastewater from chemical, land transport and marine customers.

Annual Report 2026 ↗ Reviewed 2026-10-23 · Source dated 2026-10-05. PDF p. 4

Listed security

Company & listing

Full Company Name: NSL LTD.
Trading Currency: SGD
Website: www.nsl.com.sg
Listing Board: MAINBOARD
ISIN Code: SG1F87001375

Board & management

Leadership

Nine board directors and the eleven-position key-management roster are retained as twenty source disclosures. Board and headquarters disclosures of the Managing Director and Executive Director remain separately scoped with their original names. The division Group CEO and Finland CEO are not relabelled as an undisclosed NSL parent-company CEO.

Tan Sri (Sir) Yeoh Sock Ping, PSM, KBE

NON-INDEPENDENT, NON-EXECUTIVE

NSL Ltd — Board of Directors PDF p. 8

Dato’ Seri Yeoh Seok Hong

NON-INDEPENDENT, NON-EXECUTIVE

NSL Ltd — Board of Directors PDF p. 8

Dato’ Yeoh Seok Kian

NON-INDEPENDENT, NON-EXECUTIVE

NSL Ltd — Board of Directors PDF p. 8

Dato’ Yeoh Soo Keng

NON-INDEPENDENT, NON-EXECUTIVE

NSL Ltd — Board of Directors PDF p. 8

Dato’ Sri Yeoh Sock Siong

NON-INDEPENDENT, EXECUTIVE; Managing Director

NSL Ltd — Board of Directors PDF p. 9

Yeoh Pei Jen

NON-INDEPENDENT, EXECUTIVE; Executive Director

NSL Ltd — Board of Directors PDF p. 9

Choo Eng Chuan

INDEPENDENT, NON-EXECUTIVE; Lead Independent Director

NSL Ltd — Board of Directors PDF p. 9

Anand Kumar

INDEPENDENT, NON-EXECUTIVE

NSL Ltd — Board of Directors PDF p. 9

Edmund Lee Yu Chiang

INDEPENDENT, NON-EXECUTIVE

NSL Ltd — Board of Directors PDF p. 9

Matti Mikkola

Group Chief Executive Officer

Precast and PBU Division PDF p. 10

Dato’ Sri Michael Yeoh Sock Siong

Managing Director

NSL Ltd — Group Headquarters PDF p. 10

Michelle Yeoh Pei Jen

Executive Director

NSL Ltd — Group Headquarters PDF p. 10

Dr Low Chin Nam

President

NSL Ltd — Group Headquarters PDF p. 10

Lim Su-Ling

Senior Vice-President, Legal and Secretarial Services

NSL Ltd — Group Headquarters PDF p. 10

Pamela Pang

Senior Vice-President, Internal Audit

NSL Ltd — Group Headquarters PDF p. 10

Rudy Halim

Senior Vice-President, Corporate Development

NSL Ltd — Group Headquarters PDF p. 10

Yip Hiong Yuet

Senior Vice-President, Finance

NSL Ltd — Group Headquarters PDF p. 10

Henrik Bondrup Jensen

Country Director, Dubai

Precast and PBU Division — Dubai PDF p. 10

Jussi Raunio

Chief Executive Officer

Precast and PBU Division — Finland PDF p. 10

Jeffrey Fung

Executive Director

Environmental Services Division PDF p. 10

Roles listed in NSL LTD Annual Report 2026; current appointments are not independently verified.

Holdings

Ownership

As reported at 2026-09-10 · PDF p. 138

Twenty registered holders and six quantitative substantial-shareholder rows are retained. YTL Corporation Berhad appears in the control/deemed-interest footnote, without a separate quantitative row; it is retained as a seventh major/control disclosure without inventing an amount.

YTL Cement Singapore Pte Ltd

Direct Interest: 330,493,875 (88.47%); Deemed Interest: - (-)

As recorded in the Register of Substantial Shareholders; percentage of total issued Shares as stated in note (1)

YTL Cement Berhad

Direct Interest: - (-); Deemed Interest: 330,493,875 (88.47%)

As recorded in the Register of Substantial Shareholders; percentage of total issued Shares as stated in note (1)

Yeoh Tiong Lay & Sons Holdings Sdn Bhd

Direct Interest: - (-); Deemed Interest: 330,493,875 (88.47%)

As recorded in the Register of Substantial Shareholders; percentage of total issued Shares as stated in note (1)

Yeoh Tiong Lay & Sons Family Holdings Limited

Direct Interest: - (-); Deemed Interest: 330,493,875 (88.47%)

As recorded in the Register of Substantial Shareholders; percentage of total issued Shares as stated in note (1)

Yeoh Tiong Lay & Sons Trust Company Limited

Direct Interest: - (-); Deemed Interest: 330,493,875 (88.47%)

As recorded in the Register of Substantial Shareholders; percentage of total issued Shares as stated in note (1)

Puan Sri Datin Seri Tan Kai Yong @ Tan Kay Neong

Direct Interest: - (-); Deemed Interest: 330,493,875 (88.47%)

As recorded in the Register of Substantial Shareholders; percentage of total issued Shares as stated in note (1)

YTL Corporation Berhad

Controlling interest in YTL Cement Singapore Pte Ltd and deemed interested in the Company shares held by it; no separate quantitative row is printed in the substantial-shareholder table.

Original Note2; as at10September2026

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Registered & depository holders 20 holders

Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-09-10 · PDF p. 137

Registered holder	Interest	Shares / units	Source
YTL CEMENT SINGAPORE PTE LTD	330,493,875 shares; 88.47%		PDF p. 1372026-09-10
MAYBANK SECURITIES PTE. LTD.	15,043,934 shares; 4.03%		PDF p. 1372026-09-10
DBS NOMINEES PTE LTD	1,390,157 shares; 0.37%		PDF p. 1372026-09-10
TUN KENG HING	733,000 shares; 0.20%		PDF p. 1372026-09-10
UNITED OVERSEAS BANK NOMINEES PTE LTD	731,145 shares; 0.20%		PDF p. 1372026-09-10
CITIBANK NOMINEES SINGAPORE PTE LTD	555,492 shares; 0.15%		PDF p. 1372026-09-10
LO KAI LEONG @ LOH KAI LEONG	540,000 shares; 0.14%		PDF p. 1372026-09-10
MOHAN A/L PERUMAL	535,300 shares; 0.14%		PDF p. 1372026-09-10
YANG ENG HUAT	472,000 shares; 0.13%		PDF p. 1372026-09-10
TAY HWA LANG @ TAY AH KOU OR JORDAN TAY SHIH LIANG	450,000 shares; 0.12%		PDF p. 1372026-09-10
OCBC SECURITIES PRIVATE LTD	442,890 shares; 0.12%		PDF p. 1372026-09-10
BPSS NOMINEES SINGAPORE (PTE.) LTD.	424,300 shares; 0.11%		PDF p. 1372026-09-10
OCBC NOMINEES SINGAPORE PTE LTD	394,150 shares; 0.11%		PDF p. 1372026-09-10
LEE SEN TEE	370,000 shares; 0.10%		PDF p. 1372026-09-10
PHILLIP SECURITIES PTE LTD	333,544 shares; 0.09%		PDF p. 1372026-09-10
KOH HOCK NING OR KOH YONG POO (XU YONGFU)	280,000 shares; 0.07%		PDF p. 1372026-09-10
TAN MIE FANG	260,000 shares; 0.07%		PDF p. 1372026-09-10
CHENG HWEE PEOW @ CHONG HUI PING	250,000 shares; 0.07%		PDF p. 1372026-09-10
RAFFLES NOMINEES (PTE) LIMITED	243,602 shares; 0.06%		PDF p. 1372026-09-10
CHONG YUEN KHIN OR FONG HUAN HENG	233,200 shares; 0.06%		PDF p. 1372026-09-10

Group structure

Main operating subsidiaries

As reported at 2026-06-30

Fourteen significant subsidiaries are disclosed, with Group and non-controlling ordinary-share proportions for30June2026/2025, country of incorporation and place of business. This is not an exhaustive registry. Dubai Precast45% ownership is accompanied by the explicit80% entitlement/majority-board control explanation.

Company	Market	Ownership interest
Eastern Industries Private Limited (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Singapore; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
NSL Chemicals Ltd. (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Singapore; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
NSL Properties Pte. Ltd. (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Singapore; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
NSL Resorts International Pte. Ltd. (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Singapore; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
Eastern Pretech Pte Ltd (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Singapore; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
Eastern Pretech (Malaysia) Sdn Bhd (2)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Malaysia; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
Eastern Pretech Solutions Sdn Bhd (2)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Malaysia; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
Dubai Precast L.L.C. (2),(3)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	United Arab Emirates; Group ordinary shares held: 45.0% / 45.0%; non-controlling interests: 55.0% at both dates
Parmarine Ltd (2)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Finland; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
Eastech Steel Mill Services (M) Sdn BhdOriginal proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 135	Malaysia; Group ordinary shares held: 100.0% / 100.0%; non-controlling interests: - at both dates
NSL OilChem Waste Management Pte. Ltd.(1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 136	Singapore; Group ordinary shares held: 87.7% / 87.7%; non-controlling interests: 12.3% at both dates
NSL OilChem Logistics Pte. Ltd. (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 136	Singapore; Group ordinary shares held: 87.7% / 87.7%; non-controlling interests: 12.3% at both dates
Raffles Marina Holdings Ltd. (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 136	Singapore; Group ordinary shares held: 72.1% / 72.1%; non-controlling interests: 27.9% at both dates
Raffles Marina Ltd (1)Original proportion of ordinary shares held by the Group / non-controlling interests — 30 June2026 / 30 June2025PDF p. 136	Singapore; Group ordinary shares held: 72.1% / 72.1%; non-controlling interests: 27.9% at both dates

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Key management

Item	Value	Period / scope	Source
Dato’ Sri Michael Yeoh Sock Siong	Managing Director	Group Headquarters	PDF p. 10
Michelle Yeoh Pei Jen	Executive Director	Group Headquarters	PDF p. 10
Dr Low Chin Nam	President	Group Headquarters	PDF p. 10
Lim Su-Ling	Senior Vice-President, Legal and Secretarial Services	Group Headquarters	PDF p. 10
Pamela Pang	Senior Vice-President, Internal Audit	Group Headquarters	PDF p. 10
Rudy Halim	Senior Vice-President, Corporate Development	Group Headquarters	PDF p. 10
Yip Hiong Yuet	Senior Vice-President, Finance	Group Headquarters	PDF p. 10
Matti Mikkola	Group Chief Executive Officer	Precast and PBU Division	PDF p. 10
Henrik Bondrup Jensen	Country Director, Dubai	Precast and PBU Division	PDF p. 10
Jussi Raunio	Chief Executive Officer	Precast and PBU Division	PDF p. 10
Jeffrey Fung	Executive Director	Environmental Services Division	PDF p. 10

Extracted from NSL LTD Annual Report 2026 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

Item	Value	Period / scope	Source
ISSUED AND FULLY PAID CAPITAL	S$193,838,796.00	Company, as at 10 September 2026 · As at 2026-09-10	PDF p. 137
CLASS OF SHARES	ORDINARY SHARES	Company · As at 2026-09-10	PDF p. 137
VOTING RIGHTS	ONE VOTE PER SHARE	Company · As at 2026-09-10	PDF p. 137
TOTAL	373,558,237 shares	Company, as at 10 September 2026, excluding treasury shares and subsidiary holdings · As at 2026-09-10	PDF p. 137

Treasury shares

Item	Value	Period / scope	Source
NUMBER OF TREASURY SHARES	NIL	Company · As at 2026-09-10	PDF p. 137
NUMBER OF SUSIDIARY HOLDINGS	NIL	Company · As at 2026-09-10	PDF p. 137

Shareholding distribution

Item	Value	Period / scope	Source
TOTAL	2,265 shareholders	Company, as at 10 September 2026 · As at 2026-09-10	PDF p. 137
1 to 99	102 holders; 4.50% of holders; 2,189 shares; 0.00% of shares	Size band, as at 10 September 2026 · As at 2026-09-10	PDF p. 137
100 to 1,000	433 holders; 19.12% of holders; 351,685 shares; 0.10% of shares	Size band, as at 10 September 2026 · As at 2026-09-10	PDF p. 137
1,001 to 10,000	1,294 holders; 57.13% of holders; 5,727,682 shares; 1.53% of shares	Size band, as at 10 September 2026 · As at 2026-09-10	PDF p. 137
10,001 to 1,000,000	433 holders; 19.12% of holders; 20,548,715 shares; 5.50% of shares	Size band, as at 10 September 2026 · As at 2026-09-10	PDF p. 137
1,000,001 and above	3 holders; 0.13% of holders; 346,927,966 shares; 92.87% of shares	Size band, as at 10 September 2026 · As at 2026-09-10	PDF p. 137

Free float

Item	Value	Period / scope	Source
PERCENTAGE OF SHAREHOLDING IN PUBLIC HANDS	11.53 %	Company, as at 10 September 2026 · As at 2026-09-10	PDF p. 138
PERCENTAGE OF SHAREHOLDING IN PUBLIC HANDS	Accordingly, the Company has complied with Rule 723 of the Listing Manual of the SGX-ST.	Company, as at 10 September 2026 · As at 2026-09-10	PDF p. 138

Extracted from NSL LTD Annual Report 2026 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

Item	Value	Period / scope	Source
Batu Tiga Quarry Sdn. Bhd.	394,713 S$	Group; FY ended 30 June 2026; excluding transactions <S$100,000 and those under shareholders' mandate (Rule 920)	PDF p. 40
Batu Tiga Quarry Sdn. Bhd.	2,226,864 S$	Group; FY ended 30 June 2026; transactions conducted under shareholders' mandate pursuant to Rule 920 (excluding <S$100,000)	PDF p. 40
Bentara Gemilang Industries Sdn. Bhd.	250,414 S$	Group; FY ended 30 June 2026; excluding transactions <S$100,000 and those under shareholders' mandate (Rule 920)	PDF p. 40
Bentara Gemilang Industries Sdn. Bhd.	2,388,273 S$	Group; FY ended 30 June 2026; transactions conducted under shareholders' mandate pursuant to Rule 920 (excluding <S$100,000)	PDF p. 40
YTL Cement Marketing Sdn. Bhd.	2,571,338 S$	Group; FY ended 30 June 2026; excluding transactions <S$100,000 and those under shareholders' mandate (Rule 920)	PDF p. 40
YTL Cement Marketing Sdn. Bhd.	10,594,506 S$	Group; FY ended 30 June 2026; transactions conducted under shareholders' mandate pursuant to Rule 920 (excluding <S$100,000)	PDF p. 40
C.I. Readymix Sdn. Bhd.	558,419 S$	Group; FY ended 30 June 2026; excluding transactions <S$100,000 and those under shareholders' mandate (Rule 920)	PDF p. 40
Purchases from a controlling shareholder and related entities thereof	19,493 S$'000	Group; FY from 1 July 2025 to 30 June 2026 (comparative FP 1 Jan 2024–30 June 2025: 6,812)	PDF p. 114
Sales to a controlling shareholder and related entities thereof	147 S$'000	Group; FY from 1 July 2025 to 30 June 2026 (comparative FP 2025: 58)	PDF p. 114
Sales to an associated company	3,459 S$'000	Group; FY from 1 July 2025 to 30 June 2026 (comparative FP 2025: 4,275)	PDF p. 114
Management fee expenses	1,067 S$'000	Group; FY from 1 July 2025 to 30 June 2026 (comparative FP 2025: -)	PDF p. 114

Contingent liabilities

Item	Value	Period / scope	Source
Financial guarantee	S$9,425,000	Company; as at 30 June 2026 (2025: S$Nil)	PDF p. 130

Director remuneration

Item	Value	Period / scope	Source
Directors’ remuneration	S$408,800	Directors of the Company; FY 2026 (2025: S$540,000)	PDF p. 115
Directors’ fees	S$1,080,000	Directors of the Company; FY 2026 (2025: S$378,000)	PDF p. 115
Ms Yeoh Pei Jen	408,802 S$	Executive Director; FY ended 30 June 2026; amount as remuneration (S$); directors' fees 120,000; fixed 95%, variable 5%	PDF p. 35

Employees

Item	Value	Period / scope	Source
Number of employees	3,192 count	Group; FY2026 (2025: 3,039)	PDF p. 5

Properties

Item	Value	Period / scope	Source
18a	The Group’s major properties comprise freehold land in Malaysia and Finland, factories and office buildings in Singapore, Malaysia, Finland and United Arab Emirates, and a building used for the operation of a resort-style marina in Singapore.	Group	PDF p. 93

Outlook

Item	Value	Period / scope	Source
LOOKING AHEAD	The performance of the precast business is likely to remain satisfactory underpinned by healthy order books in Singapore, Malaysia and Dubai barring unforeseen project delays.	Managing Director's Statement	PDF p. 13

Extracted from NSL LTD Annual Report 2026 and checked against the cited pages; see the original report for full context.

Source: NSL LTD Annual Report 2026 ↗

Corporate information

Registration & contacts

Incorporated In: SINGAPORE
Incorporated On: 12 Aug 1961
Telephone: 65 65361000
Fax: 65 65361008
Registered Office: 317 Outram Road
#03-02
Singapore 169075
Secretary: Lim Su-Ling
Registrar / Transfer Agent: B.A.C.S. PRIVATE LIMITED
Registrar Address: 77 Robinson Road, #06-03 Robinson 77, Singapore 068896
Auditors: PRICEWATERHOUSECOOPERS LLP
Other Stock Exchange Listings: *SINGAPORE EXCHANGE LTD.
Country: SINGAPORE
Security Type: stocks