Boldtek Holding

[k1976]

Boldtek Holdings sells stake in Boldtek Projects for $230,000​

Felicia Tan Published on Fri, Oct 18, 2024 / 08:10 PM GMT+08 / Updated 4 days ago

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Boldtek Holdings, which has been placed under judicial management since April 8, has disposed of its entire stake in its subsidiary, Boldtek Projects, for $230,000.
According to the company, the buyer is an investor keen on deepening his interest in Singapore’s built industry. He is the managing director on the board of Fontern International Group and Transgrow Group. The companies are involved in several businesses including steel and hardware trading, oil palm and rubber plantations, plantation development, hospitality, property investment and development, as well as business acquisition.
Based on Boldtek Projects’ management accounts for FY2024 ended June 30, the subsidiary reported a net loss of $2.1 million for the year. It has a negative tangible asset position of $2.8 million after making provisions for intercompany balances due from other Boldtek Group entities which are insolvent.

 

[k1976]

CEO of Boldtek Holdings Phua Lam Soon has passed on at 62​

Ashley LoTue, Sep 03, 2024 • 05:52 PM GMT+08 • 1 min read

In addition to his role within the group, Phua was also vice-chairman of the Sembawang Citizens’ Consultative Committee. Photo: The Edge Singapore.

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Phua Lam Soon, co-founder and CEO of Boldtek Holdings 5VI, passed away on Sept 1, aged 62. Phua was the company’s first director and a member of its nominating committee.
According to Boldtek’s website, Phua was the director for Logistics Construction since it was incorporated on April 25, 1992. He was also the director for Apex Projects since Oct 7, 2008. Logistics Construction was established by Phua and his wife, Ong Siew Eng. Ong is also Boldtek’s executive director.
With more than 30 years of experience in Singapore’s building construction industry, Phua’s duties within the group included setting out strategic plans, steering business development, the overall management and day-to-day operations for Boldtek Holdings.

 

[k1976]

RIP