2. Corporate Information
  3. Milestones

Milestones

2019
  • Accrelist achieved profit before tax of S$0.9 million (EBITDA S$5.7 million) as compared to a loss before tax of S$0.4 million (EBITDA S$3 million) in FY2018.
  • Jubilee’s profit before tax soared to S$3.5 million (EBITDA S$4.7 million) from S$0.9 million (EBITDA S$2.7 million) in FY2018.
  • Accrelist completed the acquisition of Refresh Laser Clinic group of companies on 1 October 2018 and the companies are now known as Accrelist Medical Aesthetics group of companies. This acquisition brought about a net profit before tax of S$1.1 million for FY2019.
  • Accrelist subsidiary, Jubilee completed the acquisition of Honfoong Plastic Industries Pte Ltd on 31 July 2018. This acquisition increased the total number of machines to 118, allowing for greater loading.
2018
  • Terence Tea identified new area of growth for Accrelist – Fintech
  • Jubilee made a turnaround in FY2018 with a net profit of $0.9 million
  • Accrelist A.I. Tech obtained Remittance Licence from the Monetary Authority of Singapore
  • Accrelist A.I. Tech launched its own mobile payment services on WeChat Pay platform
  • Accrelist announced plans to acquire Refresh Laser Clinic group of companies.

 

2017
  • Completed the conversion of the US$16 million loan into shares of Jubilee and consequently increased its stake in Jubilee.
2016
  • Accrelist provided an aggregate of US$16 million in convertible loan and direct loan to Jubilee to fund its acquisition of WE Components Pte. Ltd. and for working capital needs
  • The Company, formerly known as WE Holdings Ltd., was renamed as Accrelist Ltd.

 

2015
  • The Group posted a revenue of US$4.8 million

31 March 2015

  • Its working capital is stated at US$19.5 million

31 January 2015

  • the disposal of the WE Components Group

Promising SME500 2015

sme500

2014
  • The Group repaid a total of US$12.3 million in bank borrowings, strengthening the position of the Group to pursue its commodities businesses.
2013

18 June 2013

  • The Group has cleared the debt of $7.49 million under a loan facility dated 2 June 2010 via proceeds of a share placement, thereby strengthening our balance sheet for the financial year of 2014 and beyond.

 

2011

June 2011

  • The holding and subsidiary companies were rename

May 2011

  • Established Taiwan office in Taipei
2010

June 2010

  • RTO of Plexus Components Private Limited was completed

2007
  • Record Revenue crosses S$410 million mark
  • Record Net Profit after Tax at S$7.5 million>
  • Record Highest Total Dividend at 2.1 cents per ordinary share
  • Successful Share Placement of S$6.7 million net proceeds
  • Secured US$30 million term loan for business expansion
  • Successful acquisition of Microchip distribution rights
  • Secured distribution and service rights of Flexstar Technology Inc

2006
  • Revenue crosses S$330.2 million mark
  • Record Net Profit after Tax at S$6.1 million
  • Record Highest Total Dividend of 1.9 cents per ordinary share
  • Set up Representative Office in India
  • Divestment of 50% stake WesTech Electronics India Pvt Ltd
2005
  • Revenue crosses S$200 million mark
  • Appointment as international procurement office for
    high definition LCD panels from world renowned manufacturers
  • Divestment of 55% stake in Pacific Wave Pte Ltd
  • Divestment of 55% stake in WesCal Korea Ltd
2004
  • Acquisition of 51% shareholding in Pacific Wave Pte Ltd
  • Divestment of subsidiary, WesTech Industries Pte Ltd
  • Distribution agreement signed with Texas-based WebOffice Inc. covering 10 Asia Pacific countries

2003
  • Distribution agreement signed with Sharp Electronics (Singapore) Pte Ltd. covering six Asian countries.
  • Distribution agreement signed with Powerwave Technologies Inc. covering the Asia Pacific region.
  • Incorporation of subsidiary, WesCal Electronic Trading (Shanghai) Pte Ltd in the People’s Republic of China.
  • Acquisition of subsidiary, HK Team Technologies Limited in Hong Kong.
2002
  • Initial Public Listing on the Singapore Exchange.
2001
  • Representative office, WesTech Shenzhen, set up in the People’s Republic of China, to manage expansion into North Asia.
2000
  • Incorporation of subsidiary, WesCal Hong Kong.
1998
  • Awarded Enterprise 50 award jointly organised by Accenture and The Business Times and supported by the Economic Development Board.
1995
  • ACAL Plc. becomes a strategic investor.
  • Incorporation of subsidiary, WesCal Malaysia.
1986
  • Incorporation of WesTech Electronics.