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Chasen eyes opportunity in shifting manufacturing hubs

Besides expanding in existing markets, it also plans spin-offs of subsidiaries to realise value from undervalued parent

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Published Wed, Jul 11, 2018 · 09:50 PM

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Singapore

ENCOURAGED by its record revenue and steep jump in earnings in FY18, and determined to exit the Singapore Exchange's (SGX) minimum trading price (MTP) watch list, relocation specialist Chasen Holdings is mounting a three-pronged expansion strategy.

First, it is to scale up its presence in China, Malaysia, and the US; second, to grow its cross-border land freight business in China and South-east Asia; and third, to consolidate its weak technical and engineering segment in Singapore to reduce operational costs.

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