Milestones

2024

• CHL reported negative P&L of S$6.6m attributed mainly to non-recurring loss due to the demolition of its property to make way for the development of CLH
• Disposal of City Zone Group to a transport and logistics Swiss MNC for S$67.4m
• C-USA secured a US$15.2m relocation project for a Korean MNC EV battery manufacturing plan in De Soro, Kansas

 

2023

• 3PL Penang based subsidiary City Zone Exdpress Sdn Bhd received the ASEAN Customs Transit System (“ACTS”) Gold Partner award for outstanding achievement in high number of ACTS movements conducted in 2022
• Three more subsidiaries subscribed to renewal energy
• Chasen was granted lease extension of its current property to be amalgamated with a neighbouring plot of land for redevelopment into an integrated five-storey ramp-up warehouse cum corporate HQ
• Ground-breaking on 22 Sep for the building of Chasen Logistics Hub (“CLH”)

 

2022

• Achieved a historical high of S$165.2 million revenue surpassing FY2019’s topline by 25%
• 3PL started its multi-modal (road-rail) operations between ASEAN and the PRC (in May 2022)
• 3PL launched its maiden cross-border land freight operations from Malaysia to Germany and Hungary (in June 2022)
• Two subsidiaries in Singapore subscribed to 100% renewable energy for its electricity needs
• CLSG purchased its first electric van (to replace its diesel operated van)
• Hup Lian Engineering awarded ECO Office and ECO Manufacturing by Singapore Environment Council for meeting sustainability standards and practices
• Chasen Group formalized its sustainability reporting policy

 

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