Renaissance United Limited
SSGX:I110.00
SGD
+0.00
(+100.00%)
ISIN
SG1C67001091
Return %
Stock
S&P 500
1Y
100.00
14.20
3Y
100.00
81.12
5Y
0.00
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
SGD
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in mil. unless spec.Quarterly Revenue
SGD
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
SGD
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in mil. unless spec.Company Description
- CEO
- William Koh
- Full Time Employees
- 333
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- 16 Kallang Place, No. 05-10/18 Singapore CE Singapore 339156
- IPO Date
- Apr 21, 1993
- Website
- ren-united.com
- Similar Companies
- Business
- Renaissance United Limited Renaissance United Limited is an SGX Mainboard-listed investment holding company that engages in gas distribution to households, commercial, and industrial users; property development, including residential real estate and commercial buildings for leasing; electronics manufacturing and trading, encompassing the design, assembly, and distribution of burn-in boards, semiconductor back-end equipment such as vision inspection and test systems, and related consultancy services; and infrastructure development with turnkey construction projects in oil and gas, power, transportation, water, environment, and industrial sectors. The company operates predominantly through key subsidiaries and associates, including its 100%-owned Capri Investment LLC for property development in Pierce County, Washington, USA, focusing on residential lots in the Falling Water Project; 65% effective interest in Hubei Zonglianhuan Energy Investment Management Inc. for natural gas supply under 30-year exclusive concessions in Anlu, Dawu, Xiaochang, and Guangshui cities in Hubei Province, People's Republic of China; and 81.25% ownership in ESA Electronics Pte Ltd for semiconductor-related activities in Singapore with sales extending to China, Taiwan, Europe, and beyond. Additional operations include trading in integrated automotive components in Malaysia and strategic investments in infocom services in Indonesia, with infrastructure projects historically completed in over 30 countries across Asia, the Middle East, Africa, and South America. Founded in 1975 as Ipco Marine Ltd in Hong Kong and incorporated in Singapore on 28 May 1992 with listing on the SGX Mainboard in 1993, the company is headquartered at 16 Kallang Place #05-10/18, Kallang Basin Industrial Estate, Singapore 339156. Its target markets span residential, commercial, industrial, and semiconductor customers, with geographic focus on Singapore, the People's Republic of China, and the United States, supplemented by activities in Malaysia and selective international infrastructure pursuits. Recent strategic developments include the June 2024 acquisition by wholly-owned subsidiary Renaissance United Assets Sdn. Bhd. of a parcel of land and under-development commercial building from Pelangi Sdn. Bhd., a subsidiary of SP Setia Berhad SP Setia Berhad, intended for completion and leasing as shops and offices to generate recurring rental income; and a July 2024 exclusive marketing agreement between wholly-owned Renaissance United Washington and Maxstar International Sdn. Bhd. for distributing Malaysian-manufactured kitchen cabinetry and other building products to U.S. home developers, diversifying revenue streams. In FY2024 ended 30 April 2024, Capri Investment resolved prolonged legal proceedings via settlement and sold Tract B of the Falling Water Project comprising 97 single-family home entitlements to KB Home KB Home for approximately S$12.7 million, alongside receiving deferred proceeds from prior sales, while pursuing further development of remaining acreage. The company is seeking shareholder approval for geographic expansion of property operations into Singapore, Australia, Sri Lanka, Vietnam, Cambodia, and the People's Republic of China, alongside diversification into commercial property rentals, management, and home interior product distribution. These initiatives follow a business transformation since 2003 from primarily construction to diversified investments, with FY2024 group turnover rising 25.9% to S$93.4 million driven by gas distribution (S$65.9 million), property sales (S$12.1 million), and electronics (S$15.4 million), though profitability was pressured by higher costs, impairments, and legal settlements.