Karin leans into Chinese tech demand to keep 47-year profit run alive
Some customers are now seeking solutions that are ‘not so reliant on traditional core American technologies’, says CEO Michael Ng
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[SINGAPORE] Few companies can boast a flawless track record – but Karin Technology has never booked a loss in its 47-year history, a streak chief executive Michael Ng credits to strict financial controls instilled from day one.
Recalling an incident of over-trading in its early years that could have been “the end of the company” if it had not been resolved, Ng said the company is “very fortunate to have learnt that lesson very early”.
“Since then, we have established internal systems – maintaining financing cash flows, keeping an eye on credit qualities of customers and working closely with banks to ensure that we have enough capital to maintain our businesses,” he told The Business Times over a video call from Hong Kong, where the company is headquartered.
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