Corporate Profile

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.

S$ 6.5 m
Dividend paid (in FY2020)
1.00 cents per share for financial year ended 31 December 2019
S$ 5.8 m
Net profit after tax (FY2021)

Financial Highlights

Profit after taxation increased by approximately 39.1%, from S$4.2 million in FY2020 to S$5.8 million in FY2021. The increase was attributable mainly to (i) decrease in other operating costs; (ii) lower general and administrative costs; (iii) gain from disposal of investment in joint venture; (iv) decrease in finance costs; (v) increase in share of after tax results of associates and joint ventures; and (vi) overprovision of taxation.

FY2021: S$5,787,000 6457$
FY2020: S$4,161,000 4358$