Business summary

Founded in 1992, Chunneng Holdings is a transportation and storage service provider for the logistics industry in Singapore, providing trucking and distribution services to customers. Truck transportation services refer to the delivery of cargo mainly as containers from the customer's designated pick-up point to the designated delivery location. Distribution services refer to logistics depots or others that may be designated by the customer

In addition to on-site processing and storage of heavy containers and containers, the group has an experienced management team and a large fleet of vehicles that can handle a large number of customer orders. The customer base is mainly logistics service providers in the Singapore supply chain.

Competitive advantage

We have a large number of vehicles to carry out transportation and storage services

The group is renowned in the industry for its focus on providing quality services

The Group has close and stable cooperative relationships with suppliers

Risk Factors

The majority of the Group's revenue comes from one of its customers, and any decline or loss of business from that customer may adversely and significantly affect its operations and financial position

Customer business performance or strategy development in Singapore may adversely affect the Group's operations and financial results

Fluctuations in fuel prices may affect group profitability

Use of proceeds

Approximately 60.4% was used to enhance the ability to provide transportation and storage services through the purchase of new vehicles

Approximately 18.4% was used to expand and increase the number of employees

Approximately 9.6% is used to expand information technology systems

Approximately 6.1% was used to purchase new offices to accommodate additional staff

Approximately 5.5% is used as general operating capital