HWA HONG CORPORATION LIMITED, originally formed as a partnership, was incorporated on 29 December 1952 as a private limited company under the name of Hwa Hong Manufacturing Company Pte. Limited. On 21 November 1969, it converted to a public company known as Hwa Hong Manufacturing Company Limited and was admitted to the Official List of the Singapore Exchange Limited on 26 July 1979.
The name “Hwa Hong Corporation Limited” was adopted with effect from 15 January 1985. The principal activity of HWA HONG CORPORATION LIMITED is that of an investment holding company. The subsidiary companies are primarily engaged in property rental investment and development and investment holding.
Dividend paid (in FY2019)
Net profit after tax (FY2019)
Profit after taxation increased by approximately 48%, from S$4.4 million in FY2018 to S$6.5 million in FY2019. The increase was attributable mainly to (i) higher revenue; (ii) favourable changes in fair value of investment securities (iii) higher gains from the disposal of investment properties; and (iv) lower general and administrative costs, mainly due to a one-time transaction costs in FY2018.