History and Milestones
Our history could be traced back to January 2000 when Mr. Chua, an executive Director, our chief executive officer, Chairman of our Board and a Controlling Shareholder, together with his brother-in-law, Mr. Lee Chong Hoe, incorporated our first key operating subsidiary, Metasurface Technologies, in Singapore.
We started our business by machining simple parts and focusing on machining components for sputter machines, a system to manufacture hard disc drive components. With more advanced capabilities to machine more complex components and parts, in 2009, we started to provide precision machining services for the semiconductor industry. Throughout the years, we continued to ramp up our technologies and production capabilities to machine more complex parts.
In 2014, we acquired SGP Malaysia as a subsidiary of our Group and, by expanding our production facility in Johor, Malaysia, we further enhanced our manufacturing capacity to cope with the increasing demand for our services. In 2021, we acquired SPW to consolidate SPW’s precision welding know-how, capabilities and operations into our Group, expanding our service offerings to comprise precision welding services in addition to precision machining services.
- Our first key operating subsidiary, Metasurface Technologies, was incorporated, mainly focusing on machining components for sputter machines, a system to manufacture hard disc drive components
- Metasurface Technologies began to provide precision machining services to our first customer in the semiconductor industry
- SGP Malaysia became a subsidiary of our Group
- Metasurface Technologies expanded its customer base to the aerospace industry
- Metasurface Technologies first became an approved supplier of Customer A
- To cope with the growing demands of our services, we expanded our own production facility in Johor, Malaysia through SGP Malaysia
- Began to manufacture components for one of our key customers which is engaged in the oil and gas business
- Acquired SPW to consolidate its precision welding know-how, capabilities and operations into our Group
- Secured investments in Metasurface Technologies for a total amount of S$3,910,000 from the First Round of Pre-IPO Investors
- Entered into the 2nd Pre-IPO Investment with Accelerate in connection with the Licence Agreement.
- Entered into the 3rd Pre-IPO Investment with MMI and secured an investment of S$1,000,000.
