SING LUN HOLDINGS LTD

SING LUN HOLDINGS LTD

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Company Overview
Sing Lun Holdings Limited is a publicly quoted investment holding company that, through its subsidiaries, is engaged in manufacturing, trading, importing, and exporting textiles and apparel products in the North America, Europe, and Asia. The company has its registered office located in Singapore, Singapore. It was founded in the year 1951. The company is publicly traded on the Singapore Exchange Securities Trading under the ticker symbol S77.
Sing Lun Holdings manufactures and sells shirts, embroidery, knitted apparel, and children wear for major department stores, catalogue/mail order houses, and apparel specialty companies. It also provides sourcing, procurement, and distribution services of other apparel and lifestyle products.
Sing Lun Holdings’ mission is to be a responsible corporation to its shareholders, employees and society, with a strong commitment to providing quality apparel under lawful, civilized and ethical conditions while conducting its business in a socially responsible manner. The company’s customers include Macy’s, Gymboree, Banana Republic, GAP, Eddie Bauer, The North Face, and Polo Ralph Lauren.
Business Summary
Sing Lun Holdings Ltd is an investment holding company, with its subsidiaries engaged in the manufacturing, trading, importing and exporting of textiles and apparel; and manufacturing and trading of embroidery and knitted products.
Description and history
Sing Lun provides premier contract manufacturing services for high-volume, time-sensitive apparel. Specialty brand retailers, major departmental stores, as well as large mail order houses engage Sing Lun to bring quality and fashionable knit apparel to the world. Working in partnership with customers, their goals are to provide superb execution, quick response, and superior quality.

They are one of the premier global consumer products sourcing companies managing the supply chain for the time-sensitive consumer’s goods. Garments make up a large part of their business and they also source fashion accessories.

As a supply chain manager across many producers and countries, Kaye provides the convenience of a one-stop shop for customers through a Total Value-Added Package: from product development, through raw material sourcing, production planning and management, quality assurance and export documentation, to shipping consolidation.

They have fully staffed offices in Indonesia, Malaysia, Sri Lanka, and Singapore, and their expanding network of suppliers are located in cost competitive countries such as Vietnam, Cambodia, Myanmar, Bangladesh, and India.

They handle in excess of over 1000 styles of soft and hard products annually. Their customer service centers in the United States and Europe keeps the line of communication open between the buyers from the West and their Asian Merchandisers.

The company will be launching a web based sourcing and tracking system by April 2002 to enhance the speed, accuracy, and pricing components of their service.

They provide high-quality embroidery services from their factory located in Sri Lanka. They operate 25 Tajima embroidery machines, consisting of 600 computerized embroidery heads that can produce complex embroidery work of up to fifteen colors.

Bowen Distribution specializes in the sale & distribution of lifestyle apparel products. They have developed an extensive networks within Singapore and Malaysia, with a dedicated sales force to proactively meet customers’ business and profitability growth needs.

They deliver exceptional service to world-class multinational and Asian corporations through a culturally diverse group of customer focused, committed and experienced professionals. Experts in sales and marketing, account management, merchandising, finance, human resources, and information technology from a huge pool of industry expertise and knowledge are dedicated to any unique business needs.

History

The Beginning
Sing Lun was started in 1951 as an importer, exporter, and wholesaler of textiles. In 1969, Patrick Lee return from a textile training course in Japan and was given the responsibility of charting the future of the company. His vision was to become a world-class manufacturer of quality knit apparel. First apparel factory was set up in Singapore in 1969, and consequently in Johor, Malaysia, in 1971.

1970s
In the early 70s, Sing Lun secured apparel manufacturing contracts from Europe, from customers such as La Redoute SA and Quelle La Source SA. By 1978, apparel manufacturing replaced textile trading business as the major revenue contributor.

1980s
In 1985, to further expand itself in the industry, the Sing Lun Group acquired Kaye Agencies Private Limited, a major buying house in Singapore, Indonesia, and Cambodia. Kaye is the nominated buying house for The Great Universal Store (GUS) since 1989. GUS is one of the largest retailing group in the United Kingdom, that owns major retail outlets such as Burberry’s, as well as mail order catalogs. Since 1991, Kaye is also the nominated buying house for Movitex SA, a subsidiary of the largest French retailer. The Pinault Printemp Redoute Group (PPR).

1990s
In 1997, due to demand for embroidery services by the then Walt Disney Trading Company, Sing Lun set up embroidery factory in Sri Lanka to service Walt Disney embroidery needs in Sri Lanka. The embroidery is today a nominated Walt Disney Embroidery factory, and are equipped with 600 embroidery heads of the latest Tajima computerized embroidery machines, that can embroider up to fifteen colors.

2000
Today, the Sing Lun Group owns 6 ultra modern apparel factories in Singapore, Malaysia, and Sri Lanka. The Company’s size and multinational operation has given a competitive edge in product development, cost and quality of production, and supplies flexibility. With the total strength of 2,100 employees, the company is able to produce 10 million pieces of knitted garments annually for various world-renowned retailers and brand names like GAP, Banana Republic, DKNY, Celio, Walt Disney, Eddie Bauer, Federated Store, May Company, La Redoute, Otto Versand, Great Universal Stores (GUS), etc.

After Compulsory Acquisition was completed on 19 June 2008. Accordingly, on 19 June 2008, the Company became a wholly-owned subsidiary of Vega Company Limited and delisted from SGX effective on 20 June 2008.

Business Line
Investment holding company that, through its subsidiaries, is engaged in manufacturing, trading, importing, and exporting textiles and apparel products
Subsidiary
SL GLOBAL PTE. LTD.
Advisor
KPMG LLP
IPO date
9/15/2000
US SIC Code
2389
Company Address
30, Marsiling Lane

City province or state postal code
739149, SINGAPORE
Phone: +65 6368 8222
Fax: +65 6367 8822
Country address: SINGAPORE
Website url: www.singlun.com