Centurion Corporation Limited
Centurion Corporation Limited (‘Centurion’), formerly known as SM Summit Holdings Limited, is a diversified business group that engages in the design, development, ownership and management of dormitory assets (‘Dormitory business’) and the manufacture and sale of optical storage media (‘Optical disc business’).
The Group was established in1981 in Singapore and has since grown its Optical Disc Business operations globally to encompass Australia, Indonesia and China. Listed on SGX-ST in 1995 as one of the market leaders in the optical storage media industry, the Group subsequently identified growth opportunities in the workers’ accommodation market.
The Group has since moved swiftly in developing the Dormitory Business putting in place plans for expansion of existing bed capacities in Singaporeas well as for regional expansion with its first overseas venture inMalaysia. Given the regional economies’ strong reliance on foreign workers and migrant workers from rural areas, the Group is positive about this sector’s outlook and hopes to build up a quality dormitory portfolio of 50,000-100,000 beds in the region over the next few years.
The Group endeavors to be one of the leading providers of quality workers accommodation in the region through three principal tenets of expansion strategies; namely, undertaking active asset enhancement initiatives, developing and providing customized dormitory management services, as well as identifying, acquiring and developing quality workers accommodation assets inAsia.
* Thanks for the contribution from Centurion Corporation Limited