From leasing steel plates to renting out buildings

AT MUDDY construction sites, steel plates provide solid ground on which vehicles and workers can move. These humble materials also form the foundation of family business Soon Lee Heng Trading & Transportation, which has expanded into property and financial asset management as well.

“We have morphed into a different entity now, but the base (from) which we started was... the leasing of steel plates,” assistant director Ong Jun Quan told The Business Times.

Both the leasing of steel plates and the trading of steel products remain core to the company’s operations. But Soon Lee Heng has also diversified into managing property and financial assets on an opportunistic basis.