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Corporate Development

Jan 2013

Appointments of Mr Tay Eng Hoe as Group Executive Chairman and Mr Ong Wei Hiam as Group CEO

March 2012

Incorporation of wholly-owned subsidiary of ECS Technology (China) Limited - ECS Chongqing Marketing and Payment Co., Ltd.

Dec 2011

Incorporation of ECS Vietnam Company Limited as a wholly-owned subsidiary

Nov 2011

Incorporation of ECS Beijing Chuang Yue Technology Co., Ltd. As a wholly-owned subsidiary of ECS Technology (China) Limited

Appointment Of Mr. Li Jia Lin as New Chairman To The Respective Boards Of Directors Of ECS Technology (China) Limited And Its Subsidiaries

Aug 2011

Withdrawal Of Application To The Taiwan Stock Exchange For The Listing Of Taiwan Depository Receipt

Oct 2010

Proposed Submission of Application to Trading on the Taiwan Stock Exchange (TSE) of Taiwan Depository Receipts

Sep 2010

Appointment of former CEO, Mr Tay Eng Hoe as Non-Executive Chairman

July 2010

Appointed of Founder and Board Member, Mr Narong Intanate as Group CEO.

April 2010

ECS ICT Berhad commences trading on Bursa Malaysia.

February 2010

ECS' profit jumps 29.9% to record high of $38.3 million. Highest dividend in history of $3.0 cents per share proposed.

November 2009

ECS Group announces retirement of Group CEO Mr Tay Eng Hoe and appointment of Mr Mervyn Mao as Acting Group CEO

July 2009

Appointment of China's ICT industry veteran, Mervyn Mao as CEO of ECS China

June 2009

Proposed Listing of ECS KUSH and its subsidiaries on the Main Board of Bursa Malaysia through listing vehicle, ECS ICT Berhad.

November 2008

ECS Holdings was ranked 19th in the Singapore International 100 Award accorded by International Enterprise Singapore. For country specific overseas revenue, ECS was ranked 6th for China.

August 2008

ECS Holdings resumes trading on Singapore Exchange on 15 August 2008.

December 2007

Suspension of trading on Singapore Exchange on 17 Dec 2007. Free float fell below 10% due to acceptances received on the Mandatory General Cash Offer made by VST Holdings Limited.

VST Holdings Limited acquired 96.38% of the controlling stake in ECS Holdings Limited at the close of General Offer on 14 Dec 07.

August 2007

HKSE-listed VST Holdings Limited, a Leading ICT Products & Components Distributor in the PRC Markets, Acquires 52.5% Stake in ECS' Capital for S$128 Million in Cash.

July 2007

ECS is Ranked 21st in Singapore International 100 Ranking for Companies with Highest Overseas Revenue.

January 2006

ECS Acquires Interest in MSI Digiland Phils., Inc.

February 2005

ECS is Ranked Top 14 in Inaugural Singapore International 100 Ranking for Companies with Highest Overseas Revenue.

September 2004

ST Electronics Acquires 21.35% Equity in ECS Holdings Ltd.

January 2004

Entered into a joint venture agreement with PT Harrisma Agung Jaya, a company incorporated in Indonesia with over 15 years experience in the IT industry, to form a joint venture company in Singapore called "ECS Indo Pte. Ltd."

August 2002

Completion of the acquisition of the remaining 49% equity interest in PCI-SLR Technology (China) Limited and the remaining 25% equity interest in The Value Systems Co., Ltd.

July 2002

ECS Holdings Limited entered into the respective sale and purchase agreements for the purpose of :

a) the proposed acquisition of 33% of the issued and paid-up share capital of PCI-SLR Technology (China) Limited from Solectron Technology Singapore Pte Ltd for an aggregate consideration of US$10,000,000;

b) the proposed acquisition of 16% of the issued and paid-up share capital of PCI-SLR Technology (China) Limited from Pacific City International Holdings Limited for an aggregate consideration of US$5,000,000; and

c) the proposed acquisition of 25% of the issued and paid-up share capital of The Value Systems Co., Ltd. from V Investment Holdings Limited for an aggregate consideration of THAI BAHT 172,995,200, being the remaining of the issued and paid-up share capital of the above two subsidiaries.

December 2001
Completion of Merger and Placement

  1. Completion of the merger with PCI-SLR Technology (China) Limited.
  2. Placement of 40,000,000 Ordinary Shares at $0.67 per share raising net proceeds of approximately $26 million. These funds were used to reduce the Group's bank borrowings and support its additional working capital needs.

July 2001
Signed Merger Agreement with Pacific City International Holdings Limited

ECS Holdings Ltd ("ECS") entered into a conditional sale and purchase agreement with Pacific City International Holdings Limited ("PCIH") to acquire 5,865,000 ordinary shares of par value US$1.00 each in the capital of PCI-SLR Technology (China) Limited ("PCI") representing 51% of the issued and paid-up share capital of PCI from PCIH. The consideration will be satisfied in cash of US$12.5 million and 60 million new ordinary shares of par value $0.10 each in the capital of ECS.

January 2001
Initial Public Offering

The Group's Initial Public Offering ("IPO") was launched on 31st January 2001. At the IPO, 40,000,000 shares comprising 35,545,000 New Shares and 4,455,000 Vendor Shares were offered as follow:

  1. 3,000,000 Offer Shares at $0.66 each by way of public offer;
  2. 37,000,000 Placement Shares by way of placement comprising:-
    (a) 32,325,000 Placement Shares at $0.66 for each Placement Share for applications by way of application forms;
    (b) 3,000,000 Placement Shares at $0.66 for each Placement Share reserved for applications through the Internet; and
    (c) 1,675,000 Reserved Shares at $0.66 for each Reserved Share by way of offer to our Directors and key Executive Officers,

We received a total of 17.6 times subscription for our public offer.