V3 and OSIM: Key milestones
Singapore
1979: Founder Ron Sim commences sole proprietor business retailing household goods.
1983: Sim incorporates a private company in Singapore to take over the sole proprietorship, which, at the time, sold health and wellness products. The group launches its first Singapore store.
1986: The group opens its first store in Hong Kong.
1987: First Taiwan store opens.
1992: The group expands to Malaysia with its first store.
1993: Official launch of OSIM brand name and the launch of OSIM products in mainland China.
1995: The company establishes Daito-OSIM in partnership for the manufacture of health and wellness products - especially massage chairs. Daito is a Japanese manufacturer which Sim has had a business relationship with since 1981.
2000: OSIM International lists on SGX.
2001-2015: The group expands its franchise network to Thailand, the Philippines, South Korea, India, the United Kingdom, Myanmar, Bahrain, New Zealand, Australia, Indonesia, Cambodia and Canada through franchise agreements.
2016: OSIM delists from SGX. Expands franchise network to the United States.
2017: Sim applies to list V3 in Hong Kong.
2018: V3's application to list in Hong Kong lapses.
2019: V3 obtains investment from Veritas Capital Investments, an affiliate of KKR. Its franchise network expands to the United Arab Emirates.
2020-2021: The group extends its franchise network to the Kingdom of Saudi Arabia and Vietnam.
