GALLANT VENTURE LTD. (5IG) $0.11
||OFFER OF 1 FOR 1 @ SGD 0.28
Gallant Venture Ltd., an investment holding company, operates as a commercial development and management company in Batam Island and Bintan Island, Indonesia. It operates in Utilities, Industrial Parks, Resort Operations, Property Development, and Automotive segments. The Utilities segment provides electricity and water supply, telecommunications, and waste management and sewage treatment services to the industrial parks in Batam Island and Bintan Island, as well as resorts in Bintan Island. This segment operates 19 dual fuel fired generators at Batamindo Industrial Park, 6 generators at Bintan Industrial Estate, and 4 generators at Bintan Resorts with an installed capacity of approximately 130MW, 24MW, and 20MW respectively. The Industrial parks segment is engaged in the development, construction, operation, and maintenance of industrial properties, as well as supports infrastructure activities. The Resort Operations segment offers services to resort operators in Bintan Resort, including ferry services and terminal operations, travel agency, and property rental and workers accommodation, as well as other services consisting of fire fighting, security, vector monitoring, and environment and medical support services. This segment also provides estate and township maintenance services, such as road maintenance and drainage, as well as operates a 24-hour crisis center. The Property Development segment develops industrial and resort properties. The Automotive segment is engaged in the vehicle sales distribution, after sales services, vehicle ownership financing, spare part distribution, vehicle assembly, automotive parts manufacturing, and other related supporting services. The company was incorporated in 2003 and is headquartered in Singapore.