Mainboard-listed Chasen Holdings has secured new Specialist Relocation and Third Party Logistics (3PL) projects worth a combined S$12.4 million. This underscores its business recovery as it continues to capture fresh opportunities amid disruptions due to COVID-19, it said. The Group posted a profit before tax of S$4.6 million for the financial year ended 31 March 2021, reversing losses of S$15.2 million a year earlier. |
Specialist Relocation |
The Group’s PRC-based subsidiary, Chasen (Chuzhou) Hi-Tech Machinery Services Pte Ltd, secured two Specialist Relocation projects to provide move-in services for two TFT LCD manufacturers.
• A RMB40 million (S$8.3 million) project to support a 6th Generation AMOLED TFT LCD manufacturer in Fujian Province. • A RMB14.3 million (S$3.0 million) project for a 10.5th Generation TFT LCD manufacturer in Guangdong Province. |
Both projects are scheduled to begin in the second half of the calendar year 2021, and will be completed by March 2022 and May 2022, respectively.
Third Party Logistics |
The Group’s 3PL subsidiary, Penang-based City Zone Express Sdn Bhd, has secured a fresh project worth RM3.5 million (S$1.1 million).
It will provide cross-border trucking service of power tools for a German engineering and technology MNC from different locations in the PRC to Penang.
The project will run from June 2021 to December 2021.
![]() |