Milestones

The Group has obtained the official approval from JTC Corporation and the relevant authorities for a further lease extension for 39 Benoi Road to expire on 15 February 2037.

Gas Aries Limited, the wholly-owned subsidiary of the Ocean Latitude Limited, the 50-50 joint venture company which the Group invested in to construct the liquefied gas carrier vessel, has secured a chartering contract at a gross rate of US$33,000 per day. The chartering contract is confirmed for an initial six months from mid-April 2016 with an option to extend for an additional six months.

The Group restructured its 50% joint venture with Southwest Maritime Limited and incorporated Ocean Latitude Limited (“Ocean Latitude”) and Gas Aries Limited (“Gas Aries”) for tax efficiency purposes. Gas Aries, a wholly-owned subsidiary of Ocean Latitude, will be principally engaged in the building and chartering of vessels. It will become the registered owner of the liquefied gas carrier vessel.

The Group’s wholly-owned subsidiary, Wuzhou Xing Jian Readymix Co., Ltd which is primarily engaged in the manufacturing and supplying of ready-mix cement products has commenced trial production at its automated ready-mix manufacturing plant based in Wuzhou City, Guangxi Autonomous Region in China.

The Group’s 70% owned subsidiary, Marquis Services Pte Ltd, obtained the option to purchase the chemical warehouse cum office located at 7 Kwong Min Road, for a total purchase price of S$5.4 million.

The Group completed the acquisition of 70% stake in Marquis Services Pte Ltd (“Marquis”), an established marine logistics service provider and chemical warehouse operator, for a total consideration of S$2.94 million comprising cash and shares of GKE.

The construction of the 83,000m3 liquefied gas carrier vessel is completed and commences its sea trial.

The Group entered into a sale and purchase agreement to divest its wholly-owned subsidiary, Ever Flourish Development (HK) Co., Ltd, which in turn holds a 40% stake in Maoming City Hung Ji Construction Materials Co., Ltd (茂名市宏基建材有限公司), for a sale consideration of RMB15 million.

The Group entered into a put and call option agreement with The Trust Company (Asia) Limited in its capacity as trustee of Viva Industrial Real Estate Investment Trust relating to the proposed sale and leaseback for property at 30 Pioneer Road for a consideration of S$45 million.

The Group disposed its 60% stake in GKE Air Logisitics Pte. Ltd, a company principally involved in the provision of freight forwarding, packing and crating services and other transportation support.

The Group acquired the remaining 40% stake in GKE & Mohseng Pte Ltd, a company set up to provide mobile crane rental services, from the joint venture party, and ceased the crane service operations.

The Group's wholly-owned subsidiary, Wuzhou Xing Jian Readymix Co., Ltd successfully tendered for piece of land of 29,640 square metres at Wuzhou City, Guangxi Autonomous Region in China, with a tender price of RMB7.35 million on 25 July 2014. This piece of land is intended for a cement mixing plant to produce environmental friendly lightweight bricks, building materials and cement products.

The Group has through its 65% owned subsidiary, Van der Horst Logistics Limited, completed the construction of three-storey warehouse in Yangshan, Shanghai, the People's Republic of China

Purchased of the property located at No. 39 Benoi Road through a public auction sale at S$25.6 million which increased the total land area owned by the Group to approximately 112,536 square meters and total built-in area of approximately 65,005 square meters.

Steadfast has entered into a shipbuilding contract with China Shipbuilding Trading Company Limited and Jiangnan Shipyard (Group) Co., Ltd to construct a 83,000 CBM gas carrier vessel for a consideration of US$67 million. The vessels is a 53,800 metric ton deadweight liquefied gas carrier under the classification of Lloyd's Register of Shipping.

The Group has entered into a Sale and Purchase Agreement to acquire the entire issue and paid up share capital in Ever Flourish Development (HK) Co., Limited at cash consideration amounting to RMB11.77 million. Ever Flourish hold 40% of the issue and paid up share capital of Maoming City Hung Ji Construction Materials Co., Ltd and Moaming owns and operates a factory in 茂名市茂港区七迳镇尼乔炮台岭脚 that produces and manufactures environmental friendly lightweight brick, building materials and cement products.

The Group has entered into a Sales and Purchase Agreement for the purchase of the property located at No. 6 Pioneer Walk at S$32 million. With the acquisition, the total land area owned by the Group increased to approximately 84,078 square meters and total built-in area increased to approximately 54,785 square meters.

The Group has incorporated a wholly-owned subsidiary, Wuzhou Xin Jian which principally engaged in the business of producing and manufacturing friendly lightweight brick, building materials and cement products.

GKE Freight Pte Ltd, a wholly owned subsidiary of GKE Group has jointly with Mr Yap Kheng Fong incorporated GKE Air Logistics Pte Ltd which will focus in the provision of logistics services primarily to the Aerospace Industry.

The Group and Moh Seng Cranes Pte Ltd has jointly incorporated GKE & Mohseng, which principally engaged in the provision of crane services for loading and unloading as well as for building construction. With the joint venture with Moh Seng Cranes Pte Ltd will expand the current range of logistics services and enhance our project logistics capabilities which could be provided to customers, and the Group could strategically develop into a stronger logistics player in the long term.

The Group has changed it's name from Van Der Horst Energy Limited to GKE Corporation Limited to better reflect the nature of the Group's business and future strategy.

The Group has entered into a Land use rights agreement relating to the acquisition of a land parcel located at Yangshan Bonded Zone at RMB24.5 million. With the acquisition, the total land area owned by the Group increased to approximately 59,075 square meters.

Commencement of operations of our 4-storey Warehouse cum 7-storey Office Building Complex at No. 30 Pioneer Road costing approximately S$28 million. It was the first warehouse in Singapore awarded the Green Mark Gold Plus Award.

The Group owns 51% stake in Liaoning China Starzyme Co., Ltd group which principally engaged in producing enzymes for the animal feeds' industry. Liaoning China Starzyme owns a large scale fermentation factory in the city of Chaoyang, equipped with about 600,000 litres capacity of fermentation tanks and is among the largest in the animal feeds industry.

The Group has changed it's name from GKE International Limited to Van der Horst Energy Limited to better reflect the nature of the Group's business and future strategy.

Completion of the warehouse and the commencement of operations in Hunan GKE-Wideshine Container Co., Ltd.

GKE Express Logistics - providing Out-of-Gauge (OOG) cargo transportation and customized solutions for special project logistics needs.

GKE Freight was formed to focus on Sea freight & Air freight

Listed on SGX Sesdaq

The Group has changed it's name from GKE Holdings Pte Ltd to GKE International Limited to better reflect the nature of the Group's business and future strategy.

Acquired Sungei Kadut warehouse which increased the total land area owned to 39,314 sqm and a built-in area of 17,944 sqm

Acquired Mac-Nels warehousing (renamed as GKE Metal Logistics), a LME Approved Warehouse Company

Established GKE Warehousing & Logistics to provide general logistics services

No. 1 Jalan Besut became an Approved London Metal Exchange ("LME") Warehouse

Founder, Mr Neo Kok Ching commenced business as a provider of warehousing services