In December 2000, Green World Holdings Limited was successfully listed on the Singapore Stock Exchange.

Today, Green World Holdings Group operates out of a 7,000 sqm modern factory building equipped with high volume computerized processing equipment and a hi-tech laboratory. The modern factory is capable of producing more than 5000 tons of a broad variety of metal products which are exported to many Asian markets such as Japan, Hong Kong and Thailand as well as several European countries.

For a better understanding of the history of the Group, please refer to our Corporate Milestones below.

CORPORATE MILESTONES

1988 : Mr Seah Hock Thiam started the business as a sole proprietorship under the name of Seah Metal Trading.

1994 : The sole proprietorship was upgraded to a private limited company, Seah Metal Industries pte Ltd ("SMI") as its business grew from strength to strength. SMI began its venture into the Japan, Hongkong and Thailand export market.

1995 : Tsing Yi Enterprises Pte Ltd ("TYE") was formed to market the Group's products to the rest of the Asian markets such as India, Korea, and the PRC and to expand into the European market. At the same time, TYE began to source for scrap metal from neighbouring countries such as Malaysia, Indonesia and Brunei to cope with its increasing production needs.

1997 : Tsingtech Recycling Pte Ltd ("TTR") was incorporated to meet the demands of suppliers in the eastern part of Singapore. A collection center was set up in a 1,800 sqm factory at 12 Defu Lane 7.

1999 : TYE was awarded the ISO9002 certification and the JIS Z 9902 certification (the Japanese equivalent of ISO9002) by BVQI for quality assurance in dealing in all kinds of ferrous and non-ferrous metals, electrical and electronics and insulated cable scraps in May 1999.

Early 2000 : TYE was certified with PSB ODS Free Process Vertification.

End 2000 : Green World Holdings Ltd was incorporated as the listing vehicle with the acquisition of SMI, TYE and TTR. The Group was successfully listed on the Singapore Stock Exchange under the investment holding company Green World Holdings Limited in December 2000.

2001 : A new $10 million headquarters cum factory building at 6 Tuas View Circuit, with a total built-in area of 7,064 sqm was built to cater to the increased business volume. The factory is equipped with modern processing machineries and a hi-tech laboratory.

2002 : The Group has incorporated a new subsidiary, Green World (Middle East) Pte Ltd. The new subsidiary will be engaged principally in the sourcing and trading of ferrous and non-ferrous metal products and the development of environmental-related business in the Middle East countries.

2003 : The Group completed the private placement of 5,400,000 new shares with a par value of $0.20 each at an issue price of $0.25 each to a Chinese national, Mr Tang YiMing. The placement price of $0.25 each was at a premium of 19%. The ability to complete the $1.35 million private placement successfully reflected the confidence of the new investor in the business of the Group.

We were successful in obtaining ISO 14000 certification for our wholly owned subsidiary company Tsing Yi Enterprises Pte Ltd. This award is in addition to the earlier ISO 9002 Award in 1999. This certification demonstrates our firm commitment to conduct business in an environmentally responsible way. With the latest certification, Tsing Yi Enterprises Pte Ltd is geared for growth through new business opportunities.

The Green World Share Option Scheme was approved by the shareholders at an Extraordinary General Meeting held on 28 February 2003 . Between July 2003 to August 2003, the Group granted a total of 1.365m share options (2.07% of total equity) to eligible employees, management and directors.

In September 2003, the Group has acquired the entire shareholdings of Temasek Dynamic Sdn. Bhd. ("Temasek Dynamic"), a Malaysia company, comprising 500,000 ordinary shares of RM1/- each for cash at par, making it a wholly-owned subsidiary of the Company.
The principal activities of Temasek Dynamic are that of investment holding company and providing corporate management, HQ-related services and business expertise to the Group's operations in Malaysia .

In December 2003, the Group again completed another private placement of 6,000,000 new shares with a par value of $0.20 cents each at an issue price of $0.29 cents each to SESDAQ-listed Novena Holdings (3,000,000 shares) and five individuals (3,000,000 shares). The placement price of $0.29 cents was at a discount of 3.27% of the weighted average price for trades on 2 Decemeber 2003. The new shares rank pari-passu in all respects with the ordinary shares existing at the time of the issue. The ability to complete another round of private placement of $1.74 million reflected the confidence of the new investors in the industry in general and the business of the Group in particular.

2004: In September 2004, the Group rewarded its shareholders with a bonus issue of one (1) new share with a par value of $0.20 cents each for every five (5) existing shares held. The new shares rank pari-passu in all respects with the ordinary shares existing at the time of the issue. S$2.69 million was capitalized from the revenue reserve for the bonus issue. This increased the total number of shares by 13,447,501 shares with a par value of S$0.20 cents