/
1 Commonwealth Lane 1 Commonwealth Lane

1 Commonwealth Lane - PDF document

priscilla
priscilla . @priscilla
Follow
343 views
Uploaded On 2021-06-07

1 Commonwealth Lane - PPT Presentation

09 23 One Commonwealth Singapore 149544 T 65 6744 8777 F 65 6744 8788 For Immediate Release T EHO International USA Sets Up Own Wire Rope Rigging Facility in Houston Texas Singapore 2 ID: 836992

international teho release singapore teho international singapore release usa company rope press wire rigging products services houston facility customers

Share:

Link:

Embed:

Download Presentation from below link

Download Pdf The PPT/PDF document "1 Commonwealth Lane" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript

1 1 Commonwealth Lane, #09 - 23 One Comm
1 Commonwealth Lane, #09 - 23 One Commonwealth, Singapore 149544 T: +65 6744 8777 F: +65 6744 8788 For Immediate Release T EHO International (USA) Sets Up Own Wire Rope Rigging Facility in Houston (Texas) Singapore, 2 6 March 2019 – TEHO International (USA), LLC (“ TEHO USA ”), a wholly - owned subsidiary of TEHO International Inc Ltd. (together with its subsidiaries the “ Group ” or “ TEHO ”) is pleased to announce that it had significantly expanded its operations in the U nited S tates by setting up its own wire rope rigging facility at Houston (Texas) (the “ New Facility ”) . Up until then, TEHO USA has relied on contractors and outsourcing to meet customer ’s demand for wire ropes and a third - party warehouse to manage the logistics for its synthetic rope inventory. The N ew F acility will now anchor and propel the Group’s growth in the Americas. Operating out of leased premises, the immediate step is for TEHO USA to acquire ISO 9001 Quality Certification and keep production at the consistently high level of quality and safety that is the ha llmark of TEHO products. TEHO USA can now offer testing and certification services for wire ropes . In the near future, both wire rope and synthetic rope operations will be integrated at one location. With more streamlined processes , there will be more p rice savings and faster lead times for customers. With this change, TEHO now has 3 rigging facilities (Rotterdam, Singapore and Houston) and 4 stock points in Algeciras, Dubai, Panama and Shanghai. “ This provides a strong platform for TEHO to compete for customers who value reliable products and services in their worldwide supply chain ,” comments Lim See Hoe, Executive Chairman and CEO . The leasing of the N ew F acility is not expected to have any material impact on the Group’s earnings per share and ne t asset value per share for the current financial year ending 30 June 2019. None of the directors or controlling shareholders of the

2 Company or their respective associates
Company or their respective associates has any interests, direct or indirect, in the N ew F acility , other than through thei r respective shareholdings in the Company, if any. - End - About TEHO International Inc Ltd. (“TEHO International”) TEHO International is a global, diversified holding company specialising in offshore marine, engineering and property development. The Company has been listed on the Singapore Stock Exchange Catalist Board since 2009. Originally established as a small loca l rigging and mooring company in 1986, TEHO International adopted an organic and inorganic growth approach to expand ing its businesses, creating synergy with the provision of related products and services. In May 2014, TEHO International diversified into p roperty investment and development. At present, the Group offers products, services and solutions to customers across a wide range of economic sectors, including marine, offshore oil and gas and real estate. TEHO International’s network spans across South East Asia, East Asia, Europe and North America. For media and investor related queries, please contact: Financial PR Mr. Romil Singh / Mr. Sua Xiu Kai Tel: (65) 6438 2990 | Fax: (65) 6438 0064 Email: romil@financialpr.com.sg / xiukai@financialpr.com.sg This press release has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, SAC Capital Private Limited (the “ Spon sor ”), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “ SGX - ST ”). The Sponsor has not independently verified the contents of this press release. This press release has not been examined or approved by the SG X - ST and the SGX - ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release. The contact person for the Sponsor is Mr David Yeong (Tel: (65) 6 23 2 3210 ) at 1 Robinson Road, #21 - 00 AIA Tower, Singapore 048542.