Company Background

The Group was first established as Ipco Marine Ltd in Hong Kong in 1975 to undertake international engineering and construction projects. The Company was incorporated on 28 May 1992 as an investment holding company. It was converted to a public company on 15 April 1993. IPCO is a developer, turnkey contractor and investor in oil & gas, power, transportation, water & environment and industrial infrastructure projects worldwide. Its completed contracts in over 30 locations worldwide: Singapore, Malaysia, Brunei, Indonesia, Thailand, Vietnam, Taiwan, Hong Kong, Nigeria, Papua New Guinea, Saudi Arabia, Iran, Republic of South Africa, Uruguay and Venezuela. In April 2005, Ipco divested its entire stake in infrastructure development and construction subsidiary, Insitu Envirotech Pte Ltd and its subsidiaries. It has been successfully transformed from an infrastructure development and construction company to an investment holding company with a diversified portfolio of strategic investments. Ipco’s investment portfolio comprises strategic stakes in various sectors: real estate residential development in the State of Washington, USA natural gas distribution in Hubei Province, China high-tech semiconductors in Singapore integrated automotive component manufacturing in Malaysia infocom services in Indonesia and (pending shareholders’ approval) engineering and procurement services for the regional oil and gas industry.