Corporate Milestones

2022

  • Incorporated Achieva Technology (Thailand) Company Limited ., in order to capture market share in the Thai consumer product distribution market.

2021

  • Uniserial Electronics Pte. Ltd. became a wholly-owned subsidiary of Serial System following an increase in investment

2020

  • Incorporated Straitsmart Sdn. Bhd., which is involved in the trading and distribution of consumer products. Straitsmart is a wholly-owned subsidiary of Achieva Technology Sdn. Bhd., which is in turn a wholly-owned subsidiary of the Group.
  • Increased investment in Hydra & Thermal Pte. Ltd. (“H&T”) from 70% to 100% through the Group’s wholly-owned subsidiary, SCE Enterprise Pte. Ltd. H&T became a wholly owned subsidiary of SCE following the increase in investment.
  • Acquired a 49% equity interest in Print IQ Co., Ltd. (“PIQ Thai”)
  • Acquired a 55% equity interest in a newly incorporated company known as SG Networks Pte. Ltd.
  • Increased equity interest in Stars Tea & Coffee Asia Pte. Ltd. to 28.7% from 19.5%

2019

  • Entered into a joint venture agreement (“JVA”) with LSD Science and Technology (Hong Kong) Co., Limited. (“Lierda HK”) and incorporated joint venture company, Lierda Serial China Limited, with a 49% stake
  • Serial Microelectronics (HK) Limited, partners with Neonode Inc. (NASDAQ:NEON) (“Neonode”) to promote and sell its optical sensor products in China, Taiwan and Hong Kong
  • Raised stake in Serial Automotive Limited to 100% from 60%
  • Increased investment in UniSerial HK to 51% from 45%
  • Incorporated a wholly owned subsidiary, UniSerial Electronics (Shenzhen) Limited (“UniSerial SZ”), in Shenzhen, China

2018

  • Acquired a 70% equity interest in Xuanhong Automotive Electronics Limited
  • Incorporated a wholly-owned subsidiary, Xuanli Automotive Electronics Co.
  • The Group’s Hong Kong owned subsidiary, Newstone Technology Limited, incorporated a wholly-owned subsidiary, Newstone Technology (Shenzhen Company Limited)
  • Serial Microelectronics Pte Ltd (“SMPL”) increased its investment in its Singapore subsidiary, Serial GIS Pte. Ltd. (“GIS”) from 70% to 90%
  • Acquired 20% stake in managed print service provider, PT Sentral Mitra Informatika (“PT SMI”)

2017

  • Entered into joint-venture agreement to incorporate Bast Investment Pte Ltd, which acquired a 50% stake in Musang Durians Frozen Food (M) Sdn. Bhd.
  • Completed acquisition of 70% issued and paid-up capital of Print-IQ Singapore Pte. Ltd.
  • Increased investment in 21%-owned associated company, Tong Chiang Group Pte. Ltd.

2016

  • Serial Microelectronics (HK) Limited experienced significant growth in business of home appliances customer industry sector
  • Emerged from SGX-ST Watch-List
  • Raised stake in Serial Microelectronics Korea Limited to 100% from 98.2%.
  • Raised stake in SPL Holdings (Australia) Pty Ltd, a laundry company serving the hospitality industry, to 27.34% from 20.00%.
  • Acquired 100% of Hydra & Thermal International (Cambodia) Co., Ltd, a Cambodia-based distributor of consumer electronic products and household appliances. Acquisition was completed in July 2016.
  • Acquired remaining 51% of Achieva Technology Pte Ltd. Achieva Technology markets and distributes IT products, computer peripherals and software.

2015

  • Acquired 100% equity stake in Hydra & Thermal International (Cambodia) Co., Ltd (formerly known as Sear-R Corporation. Ltd), which distributes consumer electronic products and household appliances in Cambodia
  • Acquired 49% equity stake in Serial Factoring (Thailand) Co., Ltd which provides project financing in the form of leasing, hire-purchase and factoring to IT and related corporations in Thailand. The Group will also benefit from supplying electronic components and/or electronic consumer products to these companies
  • Won SIAS 2015 Most Transparent Company (Technology) for second year running
  • Acquired 21% equity stake in Tong Chiang Group, a food manufacturer and caterer
  • Joint venture to invest a 60% equity stake in Serial Netcom Co., Ltd which distributes  mobile phone’s subscriber identity module  (SIM) cards and top-up cards in Cambodia for Smart Axiata Co., Ltd and other telecommunication operators
  • Joint venture to invest a  80% equity stake in PT. Achieva Technology Indonesia, which imports computer peripherals, IT accessories and electronic products in Indonesia
  • Subscribed 4.5% stake in Global Invacom Group Limited, a satellite communications equipment provider listed in Singapore and London
  • Acquired 100% equity stake in Swift-Value Business Pte Ltd, which distributes printer accessories
  • Appointed by Fairchild, a leading global supplier of high-performance power semiconductor solutions, to distribute all Fairchild products and solutions in Greater China, Southeast Asia and India
  • From 2013 to 2015, acquired office premises in Shenzhen, Shanghai and Beijing to consolidate our presence in the People’s Republic of China market with stable bases for support and delivery of services to customers

2014

  • Executes major strategic shift to extend value proposition to finished consumer products (including finished lifestyle and consumer electronics products)
  • Completed acquisition of 49%-equity stake in  the distribution and trading entity of  SGX-listed Achieva Limited and the entire distribution and trading entity of SGX-listed GSH Corporation Limited (since renamed Serial I-Tech group)

2013

  • Incorporation of Serial Microelectronics Sdn. Bhd. in Malaysia
  • Investment in a joint venture company, Serial AMSC Microelectronics Co., Ltd., to establish a presence in Japan
  • Acquisition of 13.58% interest in SGX Catalist-listed Jubilee Industries Holdings Ltd
  • Acquisition of office units in Seoul, South Korea, to serve as the Group’s operational headquarter for South Korea
  • Serial System celebrates its 25th Anniversary on 1 November 2013 and distributes special one-off interim cash dividend of 0.25 Singapore cent per share
  • Setting up of a joint venture company, Nippon Denka Serial Pte. Ltd., to expand the electronic components distribution business in South Asia Pacific

2011

  • Listing of shares of Serial System as Taiwan Depository Receipts on the Taiwan Stock Exchange
  • Adoption of Share Buyback Mandate
  • Acquisition of Intraco Technology Pte Ltd to expand product line in South East Asia and India
  • Acquisition of office units in Taipei, Taiwan, to serve as the Group’s operational headquarter for Taiwan
  • Acquisition of Contract Sterilization Services Pte Ltd to expand into the medical device distribution industry
  • Acquisition of TeamPal Enterprise Corp. to expand product line in Taiwan
  • Acquisition of Taein System Inc. to expand product line in South Korea

2010

  • Serial Multivision Pte. Ltd. was appointed the exclusive outdoor LED media wall operator for Grand Park Orchard @ Knightsbridge in Orchard Road
  • Serial Microelectronics (HK) Limited expanded product offerings optoelectronic components sector by obtaining non-exclusive distribution right for products of a major supplier in the territory of the People’s Republic of China

2009

  • Rights issue of 120,685,480 new ordinary shares of Serial System Ltd at an issue price of S$0.055 per share
  • Set up a joint venture company, Serial Multivision Pte. Ltd.

2008

  • Serial Microelectronics (HK) Limited obtained the non-exclusive distribution right for products of a major supplier in the territory of the People’s Republic of China and Hong Kong

2007

  • Acquisition of 34.3% interest in Bull Will Co., Ltd, a Taiwan company listed on the Over-The-Counter Securities Exchange in Taiwan

2006

  • Serial Microelectronics (Shenzhen) Co., Ltd. was established primarily as our regional office to facilitate the provision of services to our customers in the People’s Republic of China and serve as our back office to support our operations in the People’s Republic of China
  • Serial Microelectronics (HK) Limited expanded business in the distribution of electronic components for industrial use and for consumer products

2005

  • S$25 million transferable loan facility; together with the renounceable rights issue of 75,968,779 warrants at an issue price of S$0.045 for each warrant, each warrant carrying the right to subscribe for one new ordinary share of Serial System Ltd at an exercise price of S$0.12 per share
  • Renounceable rights issue of 60,776,270 new ordinary shares of Serial System Ltd at an issue price of S$0.12 per share
  • Set up a joint venture company, Serial Microelectronics Inc. to expand into Taiwan

2004

  • Official opening of the Serial System’s corporate building at 8 Ubi View, Singapore

2003

  • Serial Microelectronics (HK) Limited obtained the non-exclusive distribution right for products of a major supplier in the territory of the People’s Republic of China and Hong Kong

2002

  • Acquisition of Serial Microelectronics Korea Limited to expand into South Korea

2001

  • Serial Microelectronics (HK) Limited was incorporated and commenced the business of distributing electronic components in the People’s Republic of China and Hong Kong

2000

  • Serial System upgraded to the Main Board of the Singapore Stock Exchange

1999

  • Included as an index stock in the Straits Times Industrial Index on the Singapore Stock Exchange
  • Placement of 27 million new ordinary shares of Serial System Ltd at an issue price of S$1.46 per share
  • Received the “Technology Achievement Award” jointly-organised by Arthur Anderson Business Consulting, National Science & Technology Board and The Straits Times

1997

  • Listed on SESDAQ, the second board of the Singapore Stock Exchange

1996

  • Ranked the “Most Enterprising Company” in the Singapore Enterprise 50 Award jointly-organised by Anderson Consulting and the Business Times and supported by the Singapore Economic Development Board.

1992

  • Incorporation of Serial System as a private limited company

1988

  • Set up of Serial System as a sole proprietorship
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