Real Estate Management and Development
Company Overview of Heeton Holdings Limited
Heeton Holdings Limited, an investment holding company, engages in the property development and property investment, and hospitality activities in Singapore and the United Kingdom. The company develops and sells private residential properties; and leases residential, retail, and commercial properties. It also operates hotels; and provides property management, and administrative and management services. The company was founded in 1976 and is based in Singapore.
No. 01-02, Hong Heng Mansions
60 Sembawang Road
Founded in 1976
Key Executives for Heeton Holdings Limited
Heeton Holdings Limited does not have any Key Executives recorded.
Heeton Holdings Limited Key Developments
Heeton Holdings Limited Approves Final Dividend for the Year Ended December 31, 2016, Payable on June 12, 2017
May 25 17
Heeton Holdings Limited announced that the final dividend of 0.60 cents for the financial year ended 31 December 2016 has been approved at the Annual General Meeting held on 26 April 2017. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m., on 5 June 2017 will be entitled to the proposed final dividend. Payment of the final dividend will be made on 12 June 2017.
Heeton Holdings Limited Reports Unaudited Group Earnings Results for the First Quarter Ended of March 31, 2017
May 13 17
Heeton Holdings Limited reported unaudited group earnings results for the first quarter ended of March 31, 2017. For the quarter, the company reported revenue of SGD 15,490,000 compared to SGD 13,786,000 a year ago. Revenue was increased 12.4% due to the recognition of higher sales proceeds from residential projects, Onze at Tanjong Pagar of SGD 9.78 million compared to SGD 7.08 million in first quarter 2016. Profit from operations was SGD 3,196,000 compared to SGD 2,524,000 a year ago. Profit before tax from operations was SGD 3,164,000 compared to SGD 6,597,000 a year ago. Profit for the period, net of tax was SGD 2,520,000 compared to SGD 5,835,000 a year ago. Profit attributable to owners of the company was SGD 2,561,000 compared to SGD 5,802,000 a year ago. Net cash from operating activities was SGD 10,090,000 compared to SGD 2,401,000 a year ago. Purchase of fixed assets was SGD 3,875,000 compared to SGD 15,295,000 a year ago. Basic and diluted earnings per share were 0.79 cents compared to 1.78 cents a year ago. As on date, net asset value per ordinary share was 106.22 cents against 105.74 cents for the same period a year ago.
Heeton Holdings Limited, KSH Holdings Limited, Lian Beng Group Ltd and Ryobi Kiso Holdings Ltd. Announces the Consortium's New Hotel in London, United Kingdom
May 3 17
Heeton Holdings Limited, KSH Holdings Limited, Lian Beng Group Ltd. and Ryobi Kiso Holdings Ltd. are announced that the consortium's new hotel in London, United Kingdom has commenced operations. The hotel is managed by Heeton and operates under the brand LUMA CONCEPT HOTEL. The consortium is led by Heeton with an effective interest of 60%. Ryobi Kiso's 75% owned subsidiary - RMTL Investment Pte. Ltd. have taken a 20% stake in the joint venture while KSH and Lian Beng each hold an effective interest of 10%. The consortium acquired the freehold property in early 2015 for approximately SGD 31 million. Originally a budget standard hotel with 42 bedrooms, the building was demolished and a new 89 bedroom hotel measuring 28,266 square feet was constructed in its place. The redevelopment was organized and overseen by Heeton UK using modular construction methods. With modular construction, factory-produced pre-engineered building units or `pods' are delivered to site and assembled; time-saving and greater assurance of quality are usually the key benefits. The LUMA CONCEPT HOTEL was effectively constructed off-site, under controlled plant conditions, using the same materials and designing to the same specifications and standards as in conventional on-site construction. The LUMA CONCEPT HOTEL London Hammersmith is located at 28-36 Glenthorne Road, London, United Kingdom. The hotel is within 2 minutes' walk from Hammersmith Underground Station in London and is well connected to many places of interests. Hyde Park, the Royal Park in London, is a mere fifteen minutes away while Harrods offers world- class shopping in nearby Knightsbridge and the Natural History Museum in South Kensington is a London icon. All the rooms are equipped with air conditioning, complimentary high-speed wi-fi, remote control flat screen TVs with Freeview, work desk, laptop size safe deposit boxes, USB ports, complimentary tea and coffee making facilities, bespoke Luma Hotel toiletries created with 100% pure organic Argan oil. The LUMA CONCEPT HOTEL Hammersmith is managed by Heeton's hospitality division, which also manages 4 other UK hotels with two more in the pipeline. This is the Group's first Heeton-branded hotel; plans to roll out the brand are in development.
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