WING TAI HOLDINGS LIMITED Legacy of Trust
Hallmark of Excellence
Wing Tai Holdings Limited
Annual Report 2023
Singapore
G2000
Singapore
The LakeGarden Residences
Singapore, Malaysia
UNIQLO
Japan
Far East Village Hotel Tokyo, Asakusa
Contents
Overview
02. Our Journey Through Time
04. Chairman's Message
06. Board of Directors
- Key Management
- Corporate Data
Operating Review
11. Property
- Retail
- Year in Brief
- Corporate Social Responsibility
Corporate Governance
19. Corporate Governance Report
33. Additional Information on
Directors Seeking Re-election
Financials and Other Information
37. Financial Reports
126. Shareholding Statistics
ANNUAL REPORT 2023 LEGACY OF TRUST, HALLMARK OF EXCELLENCE | 01. |
OVERVIEW
Our Journey
Through Time
Celebrating 60 years of Enduring Quality and Value
Guided by our core values of Integrity, Teamwork, Leadership, Passion and Continuous Improvement and the resilient Tembusu tree in our corporate logo, Wing Tai celebrates six decades of success and excellence.
As we embark on the next phase of growth, we remain committed to delivering lasting value and quality in our property and retail offerings. Because at Wing Tai, we believe in going beyond providing mere homes and products, we create works of art that enable lives to be lived to the fullest.
Legacy of Trust, Hallmark of Excellence.
1963-1980
1963
Incorporated in Singapore
On 9 August 1963, The Wing Tai Garment Manufactory (Singapore) Limited was established to meet growing industry demand, and became the first factory to produce jeans in Singapore.
1965
Set up Union for workers
1966
Expanded into second factory
The factory moved from Little Road to larger premises at 105 Tampines Road.
Established Dragon &
Phoenix Manufactory
Sendirian Berhad (DNP)
in Malaysia
1978
Entered Singapore property market
1981-1990
1981
Ventured into Malaysia's property market
1984
Incorporated Wing Tai Apparel for retail business
Started to retail ready-made
garments in Singapore, under the Stock Mart and Domani brands.
Formed joint venture with Great Malaysia Textile Manufacture Co. Private Ltd to retail clothes designed and manufactured in Hong Kong by G2000
1989
Wing Tai Holdings Limited listed on Singapore Stock Exchange
Expanded retail operations to Malaysia
02. WING TAI HOLDINGS LIMITED
1991-2000
1991
Completed its first commercial project, Winsland House I
The 10-storey Grade A office block in Orchard Road became the company's corporate office in Singapore.
1993
Expanded property activities into Ningbo and Suzhou, China
1995
Forayed into hospitality and lifestyle businesses
Mr Cheng Wai Keung took over as Chairman of the company and expanded the business into the hospitality and lifestyle sectors.
1996
Introduced new corporate logo under Wing Tai Asia
Wing Tai unveiled its new corporate logo in August 1996 to profile its corporate identity and strengthen the group's regional positioning as Wing Tai Asia.
1998
Launched hospitality business in Singapore and Malaysia
2001-2010
2007
Corporate HQ relocated to Winsland House I
at 3 Killiney Road, Singapore
2008
Formed joint venture with Fast Retailing Co. Ltd
The joint venture facilitated the entry of leading casual wear brand UNIQLO into the Singapore market, followed by Malaysia in 2010.
2010
Rebranded associate
and subsidiary companies to Wing Tai Properties Limited and Wing Tai Malaysia Berhad
2011-2020
2013 Celebrated 50th anniversary of founding in Singapore
2016
Entered Australia market with the acquisition of 380 Flinders Street in Melbourne
Celebrated 50th anniversary of founding of Wing Tai Malaysia Berhad
2018
Acquired 464 St Kilda Road in Melbourne
2019
Acquired freehold data centre located in Tally Ho Business Park in Melbourne
Entered Japan market with the acquisition of a hotel in Asakusa, Tokyo
Acquired land parcel at Middle Road, which was developed into a vibrant mixed development, The M at Middle Road
2021-2023
2022
Acquired Lakeside Apartments enbloc site which is being developed into The LakeGarden Residences, a 306-unit sustainable residential project
2023
Celebrated 60th anniversary of founding in Singapore
ANNUAL REPORT 2023 LEGACY OF TRUST, HALLMARK OF EXCELLENCE | 03. |
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Disclaimer
Wing Tai Holdings Ltd. published this content on 26 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2023 04:23:09 UTC.
