Milestones

2021

• Recovered from previous year’s negative growth to post a net profit of S$3.4 million (Revenue – S$130.7 million)
• Acquired and operationalized a non-bonded and bonded 140,000 sqft warehouse facility in Penang costing RM40 million (S$12.9 million) with in-house (AEO Program) Customs clearance
• Secured several Relocation and 3PL projects valued at S$12.4 million

 

2020

• Posted a historical loss of S$15.2 million (Revenue –S$100.9 million) due to the pandemic
• Specialist Relocation and 3PL captured projects worth S$8.2 million

 

2019

• Surpassed FY2018 historical high by 3% at S$131.9 million
• 3PL subsidiary, CZEM secured MNC contracts for cross-border land freight from Malaysia to Vietnam and China toSingapore with complementary warehousing in Singaporeand Malaysia
• 3PL CZE Group established an office in Shanghai
• CLSG certified ISO 620:2016 for Good Distribution Practice for Medical Devices

 

2018

• Chasen Group achieved its highest revenue to date @ S$127.9 million
• Chasen Hi-Tech secured relocation contract for pilot phase of the world’s first 11th Generation TFT LCD plant in Shenzhen, PRC
• 3PL established bonded warehouse in Penang and office in Vietnam to manage cross-border land freight business
• C-USA secured the third phase of automobile product manufacturing plant project valued at US$9.3 million

 

2017

• Chasen Group exceeded S$100 million revenue benchmark for second time amassing S$106.2 million
• Chasen Hi-Tech achieved highest contracts secured totalling S$50 million (RMB245 million)
• 3PL established air and sea freight business in Thailand to complement its cross-border trucking operations

 

2016

• Established a joint venture 3PL company in Thailand, City Zone Express Company Limited (“CZE-T“) with operating offices in Bangkok and Songkhla
• C-USA clinched US$12 million (S$17 million) project for handling of inbound cargo and move-in of equipment and materials for an automobile product manufacturing plant
• Incorporated Strategic Business Plan for each business unit that would support the Group strategy in achieving our Corporate Vision

 

2015

• Established a global marketing office, Chasen (USA), Inc. (“C-USA“) in San Jose, California, USA

 

2014

• Chasen Group surpassed S$100 million revenue mark for the first time in its corporate history
• Chasen Group introduced Shared Values as the basis to develop our corporate culture and growth strategy

 

2013

• Chasen was transferred from Catalist to the Main Board of the SGX-ST on 26 February 2013
• Ho Chi Minh City-based CTL awarded its first major move-in and installation project worth of US$0.9 million (S$1.1 million) by a Japanese tyre manufacturer in Hai Phong, Vietnam
• Singapore-based CLSG secured its maiden relocation project worth of US$4.25 million (approximately S$5.4 million) from the Middle East.
• CLSG and REI Technologies Pte Ltd (“REI”) collaborated in building 100k cleanroom to house a Facilitized Refurbishment and Testing Centre (“FRTC”) and supporting logistics services for the refurbishment of wafer fab machine tools for a Japanese OEM (original equipment manufacturer)

 

2012

• Chasen Group achieved record historical high revenue of S$99 million since listing (in 2007)
• Chasen was recognized as one of the World’s Top 1000 Fastest Growing Public Companies in 2011 by the International Business Times (announced in January 2012)

 

2011

• Chasen Hi-Tech was awarded first major Korean project to relocate an OLED (organic light-emitting diode) production line from Busan, South Korea to Shanwei, Guangdong Province, PRC
• Chasen was awarded the Certificate of Excellence in “Best Investor Relations by a SGX-Catalist Company” at the IR Magazine South East Asia Awards 2011

 

2010

• Acquisition of “green” companies, Global Technology Synergy Pte Ltd (“GTS”) and Towards Green Sdn Bhd (“TGSB”)

 

2009

• Chasen Group established footprint in Vietnam with the setting-up of Chasen Transport Logistics Co., Ltd (“CTL”) in Ho Chi Minh City
• Chasen Logistics Services Limited (“CLSG“) was awarded bizSAFE STAR by Workplace Safety and Health Council
• Chasen acquired a majority stake in Promax Technologies Pte Ltd, a contract manufacturer serving the telecommunication industry with facilities in Singapore and Suzhou, Peoples’ Republic of China

 

2008

• Extended Third Party Logistics (“3PL”) operations in Malaysia through acquisition of City Zone Express Sdn Bhd (“CZE-M”) and incorporation of DNKH Logistics Pte Ltd (“DNKH“) in Singapore

 

2007

• Chasen Holdings Limited (“CHL”) listed on SGX SESDAQ (now known as Catalist) via a reverse takeover of China Entertainment Sports Ltd

 

2005

• Established second overseas subsidiary, Chasen Logistics Sdn Bhd (“CLSB”) in (mainland) Penang
• CLSB secured its first contract to service a Singapore-based semiconductor MNC (multinational company) that transferred its operations to the Kulim IT Park in Kedah

 

2004

• Set-up overseas operations in People’s Republic of China (“PRC”) through Chasen (Shanghai) Hi-Tech Machinery Services Pte Ltd (“Chasen Hi-Tech”)
• CLSPL was certified ISO 14001 for Environmental Management and OHSAS 18001 for Occupational Health and Safety Management System

 

2001

• CLSPL was awarded first turnkey project consolidating several manufacturing facilities of customer to one location in Singapore
• CLSPL was certified ISO 9001 for Quality Management System

 

1999

• Incorporated as Chasen Logistics Services Pte Ltd (“CLSPL”)

 

1995

• Chasen Logistics Services began business as a partnership operating from its office in Wallich Street