KEY
MILESTONES
Annual Report 2016
Key Milestones
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04
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May
Name changed to
BakerTechnologyLimited.
July
Saberon Investments Pte
Ltd acquired a controlling
stake in theCompany.
September
Winner of Singapore
CorporateGovernance
Award (SESDAQ) at
SIAS Investors’Choice
Awards.
October
MeritAwardwinner of
SingaporeCorporate
GovernanceAward
(SESDAQ) at SIAS
Investors’ChoiceAwards.
June
Raised $14.3million
from a renounceable
non-underwritten rights
issuewith free detachable
warrants.
May
Acquired 100% of PPL
Holdings PteLtd, an
investment holding
company, which owns a
15% stake inPPLShipyard
PteLtd.
October
Formed a strategic
partnershipwith aTATA
enterprise company (TRF
SingaporePteLtd)which
acquired a 51% stake in
YorkTransport Equipment
(Asia) PteLtd.
April
Acquired 100% of Sea
DeepShipyardPte. Ltd.
October
Upgraded toSGX-ST
Mainboard.
April
WonMeritAward for
BestManagedBoard*
in theSingaporeCorporate
Awards.
November
Completed a renounceable
non-underwritten rights
issue of 327.4million
warrants at 1.0 cent each.
April
WonSilverAward for
BestManagedBoard*
in theSingapore
CorporateAwards.
September
Listed onForbesAsia’s
BestUnder aBillion and
was one of only eight
companies inSingapore
on the list.
October
Disposed of entire issued
and paid up share capital
of PPLHoldings PteLtd
toQDAsiaPacificLtd for
a cash consideration of
US$116.25million.
2000
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