SM Summit Holdings Ltd ("Summit") was incorporated in Singapore to provide audio
cassette tape duplication service.
Summit expanded to Malaysia and a manufacturing plant was set up in Malaysia ("Summit
Summit Singapore diversified into CD manufacturing. Customer base grew to include
major record companies like BMG, EMI, Polygram, Ponycanyon, Sony and Warner.
Summit Malaysia was granted pioneer status for five years by the Malaysian authorities.
Summit Singapore became the first CD manufacturer in Singapore to install a 6-colour
offset printing machine. Additional replication lines were also added and installed
to meet increasing orders.
Summit was successfully listed on the 2nd Board of the Singapore Stock Exchange.
Summit and its Singapore subsidiaries moved into their own factory building at 45
Ubi Road 1.
Summit expanded into Australia and a CD manufacturing plant was set up in Sydney,
Summit's listing was upgraded to the Mainboard of the Stock Exchange of Singapore.
Summit Singapore successfully attained ISO 9002 Certification for achieving International
Summit Singapore expanded into DVD and CDR manufacturing and also started to offer
and provide warehousing and distribution services to customers.
Summit was awarded Pioneer Status by the Economic Development Board (EDB) of Singapore
for the production of CDRs and DVDs.
Summit Australia expanded to provide paper printing and packaging.
Summit Malaysia was listed on the Malaysia Stock Exchange.
Summit was awarded Overseas Enterprise Incentive status by the EDB for expanding
and venturing overseas.
Wow Vision Pte Ltd ("WOW) was incorporated to focus on R&D in wireless technology.
Summit Singapore became the first South East Asian plant to be certified by CDSA
under its Anti-Piracy Compliance Program (APCP).
Summit Australia became an Authorised Disc Manufacturer (CD Rom) for Microsoft.
FairVision Pte Ltd, a subsidiary and joint-venture company with FairPrice, one of
the largest retail chain in Singapore, was established to install wireless, real-time
point-of-purchase displays for retail advertisements in Singapore.
Summit Australia expanded into DVD and was awarded the ISO 9001 certification, and
became an Authorised Disc Manufacturer (DVD) for Microsoft.
Summit Singapore set up a representative office in Tokyo, Japan through IE Singapore
to penetrate into Japan market.
Summit Singapore increased DVD production capacity.
Summit expanded into Indonesia, acquiring a CD manufacturing plant, which was managed
by Summit since 2002.
Summit Indonesia was certified by the CDSA under the Anti-Piracy Compliance Program.
Summit Australia expanded and acquired an Australian CD plant and relocated its
existing plant in Waterloo to Silverwaters, Australia. Appointed Exclusive Manufacturer
for Warner Music and EMI Music in Australia. Summit Australia was certified by CDSA
under the APCP.
Summit divested its investment in Summit Malaysia to add value to shareholders.
Summit expanded into China market by acquiring a 49% stake in a local manufacturing
plant in Shanghai.
Summit China relocated its plant to Shanghai Songjiang and expanded its production
Summit Singapore received ISO 14001 certification.
Summit Singapore acquired production facilities from Scorpio East, one of the largest
distributor and licensee for video products. Exclusive long-term manufacturing contract
Summit Singapore was the first in the Industry to be successfully certified under
the CDSA's Anti-Piracy and Compliance Program in the areas of content protection
Summit Indonesia expanded CD & DVD capacities and shifted its operations into a
larger factory in an Industrial Park in Jakarta. Summit Indonesia received ISO 14001
A new associate company, Typhoon Creations was incorporated in Singapore for the
distribution of products related to popular animated movies and characters in South
Summit went into a joint venture to provide warehousing and distribution in Singapore.
Summit entered into term sheets to acquire 100% interest in Centurion Dormitory
(Westlite) Pte Ltd ("Westlite") and 45% interest in Lian Beng Centurion (Mandai)
Pte Ltd ("JVCo")