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Last $0.09 SGD
Change Today +0.001 / 1.08%
Volume 250.0K
JSP On Other Exchanges
As of 4:52 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

jackspeed corporation ltd (JSP) Snapshot

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jackspeed corporation ltd (JSP) Details

Jackspeed Corporation Limited, an investment holding company, designs, produces, installs, and sells automotive leather trims in Singapore, Thailand, Europe, Australia, Malaysia, and internationally. The company operates in three segments: Leather, Accessories, and Automotive. It also supplies leather wrapping for interior parts, such as steering wheels, consoles, and shift knobs; manufactures, assembles, and supplies automobile component parts; and produces and sells leather and fabrics covers, as well as interior refurbishment for use in aviation industry. In addition, the company trades used motor vehicles; engages in the financial leasing of new and used motor vehicles, and rental of motor vehicles; and acts as a commission agent of used motor vehicles. Further, it distributes and installs automotive leather seating, sunroofs, canopies, and automotive accessories. The company sells its products to car distributors, dealers, and manufacturers in automobile and aviation industries, as well as original equipment manufacturers in the automotive industry. Jackspeed Corporation Limited was founded in 1993 and is headquartered in Singapore.

Founded in 1993

jackspeed corporation ltd (JSP) Top Compensated Officers

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jackspeed corporation ltd (JSP) Key Developments

Jackspeed Corporation Limited Announces Group Earnings Results for the Half Year Ended August 31, 2014

Jackspeed Corporation Limited announced group earnings results for the half year ended August 31, 2014. For the period, revenue was SGD 18,630,000 against SGD 17,980,000 a year ago. Profit before tax was SGD 1,758,000 against SGD 236,000 a year ago. Profit attributable to owners of the parent, net of tax was SGD 1,437,000 against SGD 145,000 a year ago. Net cash flows from operating activities were SGD 2,011,000 against net cash used in operating activities was SGD 2,168,000 a year ago. Purchase of plant and equipment was SGD 1,520,000 against SGD 1,634,000 a year ago. Earnings per ordinary share for the period based on profit attributable to owners of the parent, net of tax on a fully diluted basis was SGD 0.57 against SGD 0.06 a year ago.

Jackspeed Corporation Limited Enters into an Option to Purchase Freehold Property Located at 221 Henderson Road

The board of directors of Jackspeed Corporation Limited announced that the company has on 24 September 2014 entered into an option to purchase with Indocom International Pte Ltd. for the proposed acquisition of a freehold property located at 221 Henderson Road #06-15 Henderson Building Singapore 159557. The property is an industrial B1 freehold unit with an estimated gross floor area of 2,454 square feet. The consideration for the property is SGD 2,208,600. The purchase consideration was agreed between the company and the vendor on a willing buyer-willing seller basis, and based on indicative valuations ranging from SGD 2.0 million to SGD 2.3 million obtained through United Overseas Bank Limited.

Jackspeed Corporation Limited, Annual General Meeting, Jun 24, 2014

Jackspeed Corporation Limited, Annual General Meeting, Jun 24, 2014., at 10:00 Singapore Standard Time. Location: 47 Loyang Drive. Agenda: To receive and adopt the director’s report and the audited accounts of the company and the group for the year ended 28 February 2014 together with the auditor’s report thereon; to re-elect Chin Yew Choong David and Chua Sze Chyi as directors of the company; to approve the payment of director’s fees of SGD 156,000 for the year ended 28 February 2014; to re-appoint RSM Chio Lim LLP as the auditors of the company and to authorize the directors of the company to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; to consider authority to issue shares in the capital of the company pursuant to Section 161 of the Companies Act, Cap. 50 and Rule 806 of the Listing Manual of the Singapore Exchange Securities Trading Limited; to consider the authority to issue shares under the Jackspeed Share Award Scheme; and to consider renewal of share purchase mandate.


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