Corporate Profile
Firstlink Investments Corporation Limited began in 1973 as Singatronics Pte Ltd, a manufacturer of consumer electronic products, such as pocket calculators, toys and games. The Company was converted to a public company, known as Singatronics Limited on 7 September 1987 and listed on the Secondary Board of the Singapore Stock Exchange (“SGX”), SESDAQ on 19 October 1987. It was subsequently upgraded to the Main Board on 5 November 1990.
In 1994, Singatronics Limited ventured into hotel and property division. During the period 1994 to 1996, it acquired 3 hotels in Australia and 1 in New Zealand. Singatronics Limited subsequently ceased its electronic manufacturing division in 1996. In 2000, it developed and owned its 4th hotel in Australia. By 2005, the Company disposed of all its hotel properties in Australia and New Zealand including the Singatronics Building at Chai Chee Lane where it housed its manufacturing division.
In 2004, Singatronics Limited changed its name to Firstlink Investments Corporation Limited. In the same year, it invested $67 million in 2 salt mines, namely Chaka Lake and Keke Lake in Qinghai Province, China. This investment was disposed of in June 2011. The Company subsequently became a cash company.
On 25 November 2011, the Board of Directors proposed a Members’ Voluntary Liquidation of the Company to distribute its remaining cash to shareholders but it was declined by its shareholders. Subsequently, Firstlink was delisted from SGX on 30 November 2011 at the directive of SGX. Since then, Firstlink continues its operation as a public unlisted company with its existing principal activity in investment holding. The Company remains a cash company and shall continue to explore investment opportunities.