Hong Fok Company profile
About Hong Fok Corporation Limited
Hong Fok Corporation Limited is a Singapore-based investment holding company. The Company's subsidiaries are primarily engaged in property investment, property development and construction, property management, investment trading, and investment holding and management. The Company operates through three segments: Property investment, Property development and construction and Property management. Property investment segment includes investments in investment properties. Property development and construction segment develops retail and residential units, including the sale of residential units and construction of a hotel. Property management segment provides maintenance and management services. Its investment properties comprise freehold land and buildings that include hotel property and commercial properties, and leasehold land and buildings that include commercial properties, residential properties and parking spaces.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Hong Fok Corporation Limited revenues increased 13% to SP$90.5M. Net income totaled SP$38.9M vs. loss of SP$8.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects FV Adjustments on Investment Property decrease from SP$30.6M (expense) to SP$35.7M (income), Grant expenses decrease from SP$3.6M (expense) to SP$0K.
Equity composition
11/2007, Rights Issue, 1 new shares for every 10 shares held@ SGD 0.6 (Factor: 1.057692).04/2012, Bonus Issue,1 new shares for every 5 shares held.
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