Listed on the Mainboard of the Singapore Exchange since 2004, Citicode Ltd. (SGX:5FH) is the result of our business transformation and corporate re-branding for the former Advance SCT Limited. Citicode or 城式企业 in Chinese, reflects our new corporate platform for growth.
New Investors New Board
Mr. Teh Wing Kwan (“Teh”) was appointed as Non-Executive Chairman after he became substantial shareholder in June 2018. Separately, other sophisticated investors – ICH Partners Ltd and Anthony Tan – have since become the ‘new’ investors as well. Teh has been re-designated as Executive Chairman and CEO since July 2018, with his key role to initiate corporate strategic reviews, set new business directions, lead in corporate transformation and execute new investment strategies. Mr. Fong Heng Boo and Mr. Chan Yu Meng are now the newly appointed Independent Directors. New Board, New Management – we build a coherent strategic thinking foundation to transform Citicode.
There have been key changes in our growth strategies. Notably, Citicode has diversified into the businesses of M&E for mission critical facilities and infrastructure (“MCFI”) / mission critical system (“MCS”); and civil and structural engineering for land transport infrastructure with our strategic thinking of structuring an eco-system in supporting smart facilities management and smart city applications the AI and IoT ways via accretive acquisition, strategic collaboration and joint venture.