ANNUAL REPORT 2008
Contents
Financial Calendar
1
Corporate Profile
2
Corporate Milestones
5
Chairman’s Statement
6
Board of Directors
8
Key Executives
10
Financial Highlights
11
BUSINESS REVIEW
Transportation &
Bulk Cargo Handling
12
Warehousing
13
Trading, Leasing & Terminal
Management
14
Corporate Information
15
Financial Report
17
Corporate Governance Report
75
Shareholding Statistics
83
Notice of AGM
85
Proxy Form
91
Financial
Calendar
14 August 2008
Announcement of 2008 Half Year Results
30 September 2008
Payment of Interim Dividend
31 December 2008
Financial Year-End
27 February 2009
Announcement of 2008 Full Year Results
15 April 2009
Annual Report Issued
30 April 2009
Annual General Meeting
26 May 2009
Payment of 2008 Proposed Final Dividend
Corporate Profile
The early beginnings of the Group saw the fledgling
company operating with just a handful of lorries in the
1950s. Several years later, it expanded into bulk cargo
handling and heavy haulage services, later relocating
to bigger premises at Pandan Road. By 1999, the
Company is an ISO 9000 certified logistics services
provider and with revenues of $43 million, the Company
listed successfully as Poh Tiong Choon Logistics
Limited (PTCL) on the Main Board of the Singapore
Stock Exchange.
As one of the first to provide container storage services
in Singapore, PTCL also pioneered the very first bulk
cargo vessel trimming operations in the republic. It was
also ahead of every logistics company in heavy haulage
operations, playing a vital part in the early years of
Singapore’s industrial development. PTCL’s business
was in the transportation of infrastructural cargo such
as turbines, generators and reactors for power, chemical
and incineration plants, as well as massive concrete
beams for road and bridge construction.
Today, PTCL serves a broad spectrum of industries
including the chemical, food, retail, infrastructure and
shipping sectors.
The Group’s core businesses encompass the following:
•
•
•
•
•
Transportation, bulk cargo handling and stevedoring
Warehousing, drumming and related services
Trading
Leasing and property development
Terminal management
TRANSPORTATION
With over 50 years experience, the company has a
strong track record of transporting high value, sensitive
and even chemical cargo in various forms, including
conventional, general containers, bulk and bulk liquid
containers.
Today PTCL owns over a thousand units of cargo
vehicles comprising prime movers, trailers and other
vehicles such as refrigerated trucks, tipper trucks and
general usage lorries. With customers ranging from
2
multinationals in the petrochemical industries to individual
customers, PTCL believes that no job is too big or too
small to undertake efficiently and profitably.
BULK CARGO HANDLING AND STEVEDORING
As one of Singapore’s major bulk cargo handlers, the
Company loads and discharges from vessels cargoes
that include aggregates, bulk cement, sand, salt and
other chemical raw materials. The Company also owns
and operates a wide range of heavy haulage equipment
including two newly acquired floating barges with grabs.
This further strengthens its capacity to better service
a vast and even more diversified clientele.
WAREHOUSING, DRUMMING AND RELATED
SERVICES
Drum filling of chemical products, and other warehouse
and logistics operations including inventory
m a n a g e m e n t , l o c a l a n d i n t e r n a t i o n a l f re i g h t
management and storage and distribution of loaded
containers are all carried out from two warehouse
facilities owned and operated by PTCL.
TRADING
The Group’s traditional trading activities include the
regional sale of bitumen in bulk containers, distribution
of liquefied petroleum gas (LPG) to households and
commercial establishments and the sale of diesel fuel
to industries.
LEASING AND PROPERTY DEVELOPMENT
The Group sub-leases a portion of its land in Jurong
Island to Stolt Container Terminal Pte Ltd which
operates an ISO tank cleaning and repair facility.
Because its services complements PTCL, Stolt’s
operations benefit customers of the Group as together
both corporations can offer a one-stop facility for
companies that require a comprehensive, integrated
and cost effective solution to various logistic demands
that include tank heating, cleaning and repair, drum
filling, warehousing, and other specialised ancillary
services.
In December 2008, our subsidiary, PTC Development
Pte Ltd, obtained temporary occupancy permit for the
Poh Tiong Choon Logistics Limited
CORPORATE PROFILE
construction of the factory building with office space
located at Tuas. The entire property is on lease to a
multinational company servicing the Oil & Gas industry
for a term of 15 years from January 2009. Rental income
from this property is expected to boost the revenue in
the leasing business segment of the Group from year
2009 onwards.
TERMINAL MANAGEMENT
Through Hai Poh Terminals Pte Ltd, a joint venture with
Cougar Logistics Corporation Ltd, PTCL is able to
provide terminal management services to its customers.
Since 1984, Hai Poh Terminals has operated an
appropriated berth in PSA for major multinational liners,
specialising in RORO vessel capabilities.
PTC CHEMICAL LOGISTICS COMPLEX
AT JURONG ISLAND
Strategically located in the centre of Jurong Island, the
Chemical Logistics Complex comprises a 5-storey
warehouse, a drumming plant for chemicals, storage
facilities for dangerous cargo and a high-density
automated storage and retrieval system (ASRS). A webready management system integrates the entire physical
facility and operation, ensuring efficient and accurate
identification, tracking and management of cargo. With
a height of 39m, the ASRS, designed to support
information, space and resource management, has
already demonstrated substantial savings in space and
labour costs. The system is also expected to act as a
platform for further development into e-commerce.
The open yard facility for the storage of loaded containers
is dominated by a Rubber-Tyred Gantry Crane equipped
with auto-steering features and a Smartrail System
based on Global Positioning System technology. The
first such system to be installed in Asia, the Crane runs
on virtual tracks and is able to stack up to seven
containers high and eight wide.
The PTC Chemical Logistics Complex is a one-stop
supply chain service hub with the capability to provide
the following value-added services:
• Real time inventory management
• Storage of dangerous cargo and non–
dangerous cargo
• Drumming of non-hazardous chemicals
• Spares management
• Container transhipment hub
• Interface with clients’ Enterprise Resource
Planning Systems
• Transportation and freight coordination/
documentation services
Poh Tiong Choon Logistics Limited
3
As the centerpiece of Singapore’s
chemical industry, Jurong Island is the
home of over 94 leading petroleum,
petrochemical, specialty chemical and
supporting companies from around the
world. PTC Chemical Logistics
Complex, occupying 8 hectares, is
located at the heart of this vibrant and
successful region, and is proud to be
one of the island’s earlier tenants,
having begun operations in 2002.
The top floor of its 5-storey building –
a virtual landmark – offers a breath
taking view of almost the entire island,
and is a source of pride to all who have
a stake in its development.
4
Poh Tiong Choon Logistics Limited
Corporate Milestones
2008
Completed construction of a factory building with office space at Tuas
2007
PTC certified under Secure Trade Partnership by Singapore Customs
PTC is certified eSCM by ESCM Council
2006
Incorporated Poh Tiong Choon Logistics (Shanghai) Limited and
commenced logistics business in the People's Republic of China
2005
Completed construction of ISO tank cleaning and repair facility at
Jurong Island
2002
Began warehouse operations at the new PTC Chemical Logistics Complex
at Jurong Island
2001
Completed construction of PTC Chemical Logistics Complex at
Jurong Island
1999
Listed on Main Board of Singapore Exchange. The public offer portion
of the initial public offering was 163 times over-subscribed
1996
Obtained ISO9002 Quality Management Award for logistics systems
1979
Re-located and started operations at its Pandan Road site
1969
Incorporated Poh Tiong Choon Contractors (Pte) Ltd (now known as Poh
Tiong Choon Logistics Limited)
1967
Started heavy haulage services
1966
Pioneered bulk cargo handling with the unloading of the first bulk sugar
shipment at Jurong Port
1950
Commenced operations as an owner-operator transport company
Poh Tiong Choon Logistics Limited
5
Chairman’s
Statement
On behalf of the Board, I am pleased to present the
Annual Report and Audited Accounts of Poh Tiong
Choon Logistics Limited (the Company) and its
subsidiaries (the Group) for the financial year ended
31 December 2008.
GROUP PERFORMANCE
Altogether, 2008 was a significant year of success.
Group turnover was in excess of $100 million. Group
profit before tax jumped 38% to $11.9 million from
$8.6 million in 2007. Earnings per share increased
from 3.31 cents to 4.46 cents, an increase of 35%.
All segments of the Group reported improvements in
revenue, with the Transportation and Bulk Cargo
Division comprising the main source of the total
revenue. The Warehousing Division also had a busy
year in 2008 achieving the highest revenue growth of
38% from $7.7 million to $10.6 million.
Another noteworthy highlight was that during the year,
the Group acquired two floating crane barges and
broke new ground in owning marine equipment for the
6
first time. The purchase of the assets was timely as
besides meeting the growing demand, this will also
strengthen the Group's foothold in meeting future
growth opportunities.
During the year, our subsidiary, PTC Development Pte
Ltd completed the construction of a factory building
with office space and obtained a temporary occupancy
permit in December 2008. The premise has since
been leased out to a multinational company under a
15 years lease terms, generating a steady flow of
revenue for the Group.
DIVISIONAL PERFORMANCE
The key segment of our business in the Transportation
and Bulk Cargo Division had reported another year of
successful growth. Revenue grew by 25% to $84.4
million in 2008 and the operating profit increased from
$5.3 million to $8.5 million. These sterling results are
attributed to the increase in sales volume coupled with
an improvement in profit margins.
Poh Tiong Choon Logistics Limited
The Warehousing Division, which includes drumming
operations, recorded the highest growth in revenue of
38% from $7.7 million in 2007 to $10.6 million in 2008,
with an increase in the operating profit by 47% from
$1.9 million to $2.8 million. The increase is due to the
better utilisation rate of existing capacity.
The Trading Division managed to sustain the previous
year's revenue of $17.8 million and recorded an
operating gain of $0.1 million. The result was a rebound
from 2007 where there was an operating loss of $0.2
million, mainly due to the scaling down of the grocery
distribution business during that year.
Revenue of $0.7 million from the Leasing Division
comprises income from the lease of our land to a ISO
tank cleaning and repair facility (operated by StoltNeilsen S.A. Group, the largest tank terminals operator
in the world), and the lease of our freehold office space
at Realty Centre.
Despite market volatilities, the Group remains optimistic
that the creditable set of results in 2008 will continue
and the Group will be able to maintain a healthy growth
rate into 2009.
APPRECIATION
On behalf of the Board, I wish to thank my fellow
Directors and staff for their contribution, commitment
and dedication in delivering such remarkable results
during a challenging operating year. I would also like to
thank our customers, business partners, bankers and
shareholders for your support and co-operation over
the year.
Poh Choon Ann
Chairman and Chief Executive Officer
27 March 2009
The Terminal Management Division represented by our
50% joint venture in Hai Poh Terminals Pte Ltd
contributed a post-tax profit of $0.3 million.
DIVIDEND
The Board of Directors has recommended a final
dividend of 1.55 cents per share for the financial year
ended 31 December 2008. This is subject to the
approval of the shareholders of the Company at the
Annual General Meeting to be convened on 30 April
2009. Together with the interim dividend of 0.75 cents
per share paid on 30 September 2008, the total
dividends for the financial year will be 2.30 cents per
ordinary share as compared to 2.75 cents in 2007.
PROSPECTS
In view of the worsening economic climate and an
increasingly challenging operating environment, the
Group will remain firmly focused on tight cost control
throughout all its operations, whilst ensuring that
management remains responsive to both internal needs
and external events.
Poh Tiong Choon Logistics Limited
7
Board of Directors
Poh Choon Ann
Chairman and Chief Executive Officer
Mr Poh Choon Ann, 72, is Chairman of the Board and Chief
Executive Officer since 1999 and has served as Chief Executive
Officer since 1976.
Mr Poh Choon Ann has been in the logistics business for over
30 years and his leadership and foresight have enabled PTCL
to grow to its present stature.
Mr Poh sits on the Board of the Singapore Chinese Orchestra
Co Ltd, holds the position of Vice-Chairman of both the Nanyang
Fine Arts Foundation Ltd and the Nanyang Academy of Fine
Arts Council, and is a Council Member of the Singapore-Liaoning
Economic and Trade Council. He is also the Vice President of
Singapore Manufacturers' Federation, the Chairman of the
Singapore Manufacturers' Federation China Business Committee
and the Honorary Chairman of National University of Singapore
Chinese Studies Alumni Association.
Poh Kay Ping, PBM
Deputy Chief
Executive Officer
Poh Khim Hong
Finance Director
and Chief Financial
Officer
Mr Poh Kay Ping, 46 joined the group in 1986 and has been
the Deputy Chief Executive Officer since 1996, assisting the
CEO in day-to-day management of the Group.
Ms Poh Khim Hong, 48 joined the Group in 1984 and has been
the Finance Director and Chief Financial Officer since 1996.
She oversees the financial and accounting aspects of the Group.
She holds a Bachelor of Science, Finance degree from the
University of San Francisco, USA (1984).
Mr Poh has a Bachelor of Science degree in Engineering
Physics from the University of San Francisco, USA (1985), a
Masters in Business Administration degree from Oklahoma
City University (1995) and attended the Program for Global
Leadership at Harvard University’s Graduate School of Business
Administration (1998).
He was conferred the Public Service Medal, PBM (Pingat Bakti
Masyarakat) by the President of the Republic of Singapore in
2007. He currently holds several notable appointments in
various organizations.
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Poh Tiong Choon Logistics Limited
Poh Kay Yong
Poh Key Boon
Executive Director
(Corporate Services)
Executive Director
(Transportation and
Warehousing)
Mr Poh Kay Yong, 48, joined the Group in 1984 and, since
1999, has been its Executive Director, Corporate Services
Division in charge of human resources, information technology,
administration and insurance.
Mr Poh Key Boon, 55 joined the Group in 1975 and has been
the Executive Director, Transportation and Warehousing Division
since 1999. He oversees the transportation and warehousing
business of the Group.
He holds a Bachelor in Business Administration degree from
the National University of Singapore (1984).
Mr Poh Key Boon is a Council Member of Singapore Logistics
Association (SLA) and Chairman of the Land Transportation
Sub-Committee, SLA.
Hong Hai
Lew Syn Pau
(Independent & nonexecutive director)
(Independent & nonexecutive director)
Dr Hong Hai, 65, has served as an independent director since
26 June 2000.
Dr Hong Hai is a Professor at Nanyang Business School,
Nanyang Technological University. Prior to this, he was Dean
of Nanyang Business School and President and Chief Executive
Officer of Haw Par Corporation Ltd.
He holds a first class honours degree in Electrical Engineering
from University of Canterbury, a MPA from Harvard University
and a PhD (Economics) from Carnegie-Mellon University.
Dr Hong also serves on the Boards of several listed companies,
including China Merchants Holdings (Pacific) Limited, YTL
Pacific Star REIT Management Limited, Asiapharm Ltd, and
Singapore Deposit Insurance Corporation Limited.
Mr Lew Syn Pau, 55, has served as an independent Director
since 15 April 1999. He is the Chairman of Stanbridge
International Pte Ltd and Director of Capital Connections
Pte Ltd.
A Singapore Government scholar, he has a Masters in
Engineering degree from Cambridge University, UK (1977) and
a Masters in Business Administration degree from Stanford
University, USA (1984).
Mr Lew currently sits on the Boards of public listed companies
CarrierNet Global Ltd, Golden Agri-Resources Ltd and Lafe
Corporation Ltd among others. He has been a director of many
other listed companies and statutory boards, including
Singapore Telecommunications Ltd and Jurong Town
Corporation. He was a member of Parliament from 1988 to
2001 and President of the Singapore Manufacturers’ Federation
from 2002 to 2006.
Poh Tiong Choon Logistics Limited
9
Key Executives
Poh Sin Choon, PBM (Founder/Group Adviser)
Mr Poh Sin Choon, 84, was the Group Chairman until January 1999 when he was appointed Founder and Group Adviser.
As Group Adviser, he provides advice to the Group on significant business and operational matters. Mr Poh Sin Choon
started the business as a lorry owner-cum-operator back in the 1950s. Through his foresight and entrepreneurial spirit,
the business grew significantly and today, PTC Logistics Limited is one of the larger and more established logistics providers
in Singapore.
Mr Poh Sin Choon is the Chairman and Trustee of Singapore Ann Kway Association, Honorary Chairman, Adviser and
Trustee of Lam Yong Poh Clan, Honorary Chairman and Trustee of Singapore Transport Association and the Vice Chairman
of Public Relation Committee of Singapore-China Business Association. He is also Patron of Ping Yi Secondary School
Advisory Committee, Patron of Kampong Chai Chee Citizens' Consultative Committee and the Adviser of Pei Tong Primary
School Advisory Committee.
Pooh Kee Wat (General Manager, Transportation Department)
Mr Pooh Kee Wat, 62, is the Head of the Transportation Department, which is the largest Division in the Group. He joined
the Group in 1967. His operational experience and marketing skills are invaluable, having enabled the department to grow
to its present stature.
Poh Kay Cheong (General Manager, Bulk Cargo Department)
Mr Poh Kay Cheong, 57, is the General Manager of the Bulk Cargo Department. He joined the Group in 1964 and has
extensive experience in handling bulk cargo commodities. He engages with the ground and his personal and practical
experience had guided the development of the department to its present stature.
Poh Kay Leong (Chief Information Officer)
Mr Poh Kay Leong, 41, is the Chief Information Officer. He joined the Group in 1992 and is responsible for all IT matters.
Mr Poh Kay Leong graduated in 1989 with a double honors degree in Bachelor of Science - Computer Science and
Bachelor of Science - Mathematics from the University of San Francisco, USA.
He currently holds the rank of Deputy Superintendent (NS) in the Singapore Police Force.
Lai Kwan Yew, Francis (Senior Manager, Transportation Department)
Mr Lai Kwan Yew, Francis, 57, is the Senior Manager of the Transportation Department. He joined the company in 1995
as a manager of the Group's container ports.
Mr Lai, an Associate Member of The Chartered Institute of Transport, also brings with him more than 20 years of experience
in container depot management and has accumulated a large reservoir of experience in the transportation and related
industries.
Tan Poh Chin (Senior Manager, Accounts Department)
Ms Tan Poh Chin, 53, is the Senior Manager of the Accounts Department. She joined the Company in 1980 as a Corporate
Accountant and has held this position since 1999. Currently, she heads the accounting functions of the Group. Ms Tan
holds a Bachelor of Commerce degree in Accountancy and is a non-practising member of the Institute of Certified Public
Accountants of Singapore.
Chan Siang Buck, Eric (Senior Manager, Warehouse Department)
Mr Chan Siang Buck, Eric, 41, Head of the Warehousing Department, controls marketing for warehousing services and
oversees the drumming business which is an integrated part of warehousing activities. He served 8 years as a specialist
in Air, Land & Sea Logistics in the military before joining the Group in 1995. His 22 years of operational experience has
enabled the department to grow to its present stature.
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Poh Tiong Choon Logistics Limited
Financial Highlights
($ mil)
($ mil)
2008
110
100
90
12
11
10
9
8
7
6
5
4
3
2
1
0
2007
80
70
60
50
40
30
20
10
0
2008
2007
Revenue
Profit before tax
Revenue increased by 20% from $90.6 million in 2007
to $109.1 million in 2008.
Profit before tax increased by 38% from $8.6 million in
2007 to $11.9 million in 2008.
($ mil)
($ mil)
2008
10
2007
9
8
7
2008
50
40
2007
30
6
5
20
4
3
2
10
1
0
0
Profit after tax attributable to
shareholders
Shareholders’ Fund
Profit after tax attributable to shareholders increased
by 33% from $7.2 million in 2007 to $9.6 million in 2008.
Shareholders' fund increased by 13% from $42.5 million
in 2007 to $48.0 million in 2008.
Poh Tiong Choon Logistics Limited
11
Transportation & Bulk Cargo Handling
2008 was a year of challenge, change and achievement
for the Transportation and Bulk Cargo Handling Division.
demand in the market especially for our bulk cargo
handling and stevedoring services.
The Division had a rough ride during the first half of
the year, challenged as it was by the double threat of
rising oil prices and soaring inflation. Amidst the
adverse operating condition, the Division was able to
steer a steady course and deliver its best ever
performance to date.
To cater for fleet renewal and expansion, a total of $13
million was spent on the purchase of commercial vehicles,
equipments and crane barges.
Revenue grew by 25% to $84.4 million. The increase in
revenue was mainly attributable to the continuing strong
12
The steady growth demonstrated the division's ability
to stay abreast of developments during challenging
times and leverage on our core competencies to
maintain a competitive advantage in this segment of
the logistics business.
Poh Tiong Choon Logistics Limited
Warehousing
The Warehousing Division, which included the drumming
operations, had a busy year in 2008. The Division reported
an encouraging revenue growth of 38%. The increase in
sales volume had led to a more than proportionate
increase in profit due to the better utilisation rate of
existing capacity. Profit increased by 47% from $1.9
million to $2.8 million.
The department's main challenge remained in the high
operating costs of the PTC Chemical Logistics
Complex, which was equipped with the latest
warehousing facilities.
The Chemical Logistics Complex comprises a 5-storey
warehouse, a chemical drumming plant and storage
facilities for dangerous cargo. A high-density automated
storage and retrieval system (ASRS) further enhanced
the Company's position as a leading chemical logistics
service provider in the region.
The Division's warehousing operations served as a
critical support service to customers who placed
paramount importance on minimizing product
contamination. It enhanced the Company's outsourced
service provider role as a third party warehousing
solutions provider to petrochemical clients.
Looking ahead, we will continue to leverage on our
complementary facilities and strengths to provide a
complete integrated logistic services at competitive prices.
Poh Tiong Choon Logistics Limited
13
Trading, Leasing & Terminal Management
TRADING
The performance of the Trading Division stabilised in 2008
following the difficult trading conditions and the scaling
down of the groceries distribution business in 2007.
During the year, revenue at $17.8 million, remained the
same as previous year with an operating profit of $0.1
million, a rebound from an operating loss of $0.2 million
in the previous year.
TERMINAL MANAGEMENT
Our 50% joint venture company, Hai Poh Terminals Pte
Ltd operates an appropriated berth at one of PSA's
wharves and provides a full range of terminal services.
Hai Poh contributed a post-tax profit of $0.3 million to
the Group in year 2008. This represented an increase
of $0.2 million over the previous year mainly due to an
increase in demand of container handling service and
cargo handling.
LEASING
The Leasing Division revenue represented the annual
lease income of a ISO tank cleaning and repair facility
operated by Stolt-Nielsen S.A. Group, the largest tank
terminal operator in the world. Located on Jurong Island,
the 20,000 sq m facility is a one-stop hub in the AsiaPacific region, incorporating all depot and warehousing
services that involve tank containers and drums, including
tank container cleaning, heating repairs, refurbishment,
remanufacturing and fleet management.
In September 2008, the Company had entered into an
agreement to lease a freehold office unit at Realty Centre
for 2 years.
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Poh Tiong Choon Logistics Limited
Corporate Information
BOARD OF DIRECTORS:
Poh Choon Ann (Chairman and CEO)
Poh Kay Ping (Deputy CEO)
Poh Khim Hong (Finance Director and CFO)
Poh Kay Yong (Executive Director)
Poh Key Boon (Executive Director)
Lew Syn Pau (Independent & Nonexecutive Director)
Dr Hong Hai (Independent & Non-executive
Director)
AUDIT COMMITTEE:
Lew Syn Pau (Chairman)
Dr Hong Hai
Poh Khim Hong
NOMINATING COMMITTEE:
Dr Hong Hai (Chairman)
Lew Syn Pau
Poh Choon Ann
REMUNERATION COMMITTEE:
Dr Hong Hai (Chairman)
Lew Syn Pau
Poh Choon Ann
COMPANY SECRETARIES:
Koh Ee Koon
Koh Geok Hoon, Judy
REGISTERED OFFICE /
CORPORATE OFFICE:
48 Pandan Road
Singapore 609289
Telephone: (65) 62682522
Facsimile: (65) 62643394
Email: sales@ptclogistics.com.sg
Website: www.ptclogistics.com.sg
OPERATIONS
HEADQUARTERS:
PTC Chemical Logistics Complex
21 Ayer Merbau Road
Jurong Island
Singapore 627858
Telephone: (65) 68969888
Facsimile: (65) 62678790
SHARE REGISTRAR:
Tricor Barbinder Share
Registration Services
8 Cross Street #11-00
PwC Building
Singapore 048424
Telephone: (65) 62363333
Facsimile: (65) 62364399
AUDITORS:
PricewaterhouseCoopers LLP
8 Cross Street #17-00
PwC Building
Singapore 048424
Partner-in-charge:
Soh Kok Leong
(appointed in 2005)
SOLICITORS:
WongPartnership LLP
One George Street
#20-01
Singapore 049145
Donaldson & Burkinshaw
24 Raffles Place
#15-00 Clifford Centre
Singapore 048621
Allen & Gledhill
1 Marina Boulevard
#28-00 One Marina Boulevard
Singapore 018989
PRINCIPAL BANKERS:
United Overseas Bank Limited
80 Raffles Place
UOB Plaza
Singapore 048624
Malayan Banking Berhad
2 Battery Road
Maybank Tower
Singapore 049907
Oversea-Chinese Banking
Corporation Limited
65 Chulia Street
OCBC Centre
Singapore 049513
The Development Bank of
Singapore Ltd
6 Shenton Way
DBS Building Tower One
Singapore 068809
Standard Chartered Bank
6 Battery Road
Singapore 049909
DATE AND COUNTRY OF
INCORPORATION:
21 January 1969
Singapore
DATE OF LISTING ON SINGAPORE
EXCHANGE:
29 April 1999
Poh Tiong Choon Logistics Limited
15
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Poh Tiong Choon Logistics Limited