| 1990 |
Joseph Au, Executive Chairman, founded Electec Pte Ltd and Flextech Electronics Pte Ltd, as distributors of active and passive electronic components, respectively, in April. |
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| 1991 |
Incorporated Flex Components (M) Sdn Bhd in Penang, Malaysia, as a distributor of passive and active electronic components. Maiden penetration in Malaysia. |
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| 1993 |
Corporate restructuring created three core more focused activities. |
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Venture capital funds from Arrow Asia Venture Ltd., Wuthelam Group and Itochu Asia widened our international business network and increased global penetration. |
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| 1994 |
Raised S$10 million through sale of 18 million new shares. Rothschild Ventures managed the Initial Public Offering on the Secondary Board (SESDAQ) of the Singapore Stock Exchange. Achieved S$47 million revenue. |
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| 1996 |
Acquired 80% of Spire Technologies Pte Ltd, one of the region’s leading manufacturers of wafer probe cards. Invested in Tessera Inc., developer and licensor of chip-scale packaging solutions for micro-ball grid array packages. |
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| 1998 |
Acquired 51% of Marvic. Reinforces passive component distribution and marks rapid penetration in the emerging Greenfield markets in Hong Kong and China. |
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Established Spire Taiwan to extend distribution of semiconductor consumables into Asia’s hottest wafer fabrication base, as well as setting the base for future manufacturing of wafer probe cards. |
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Listing status upgraded to Main Board. |
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| 1999 |
Through Spire, assumed LTX Corp.’s post-sales semiconductor test board maintenance business catering to an installed base of 1,400. Apogee Test, the 90-10 joint venture with LTX, extends Spire’s semiconductor test services. |
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Acquired Sooner Microsolutions and Instep Technology to amplify distribution regional presence and to capture key agency lines such as graphic accelerators, flash memories, set-top boxes, and networking products. |
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| 2000 |
Established Advance Flextech Co. Ltd, a 60-40 joint venture to penetrate the electronics distribution industry in Taiwan. |
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| 2001 |
Flextech Electronics Pte Ltd renamed as FE Global Electronics Pte Ltd. |
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| 2002 |
FE Global set up distribution offices in Shanghai and Shenzhen, China. |
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| 2003 |
Dato' Michael Loh invested into Flextech. |
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| Dato' Michael Loh appointed as Executive Chairman of Flextech.
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Spire developed the capability of building probe cards for pitch size as small as 40 micron in-line and up to 2000 pins. |
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2004 |
Acquisition of LTX's 10% interest in Apogee. Apogee is now the wholly-owned subsidiary of Spire. |
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Acquisition of Hong Kong-based Dynax Digital Creation and re-organised as FE Global (North Asia). |
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| 2006 |
Flextech was acquired by ASTI and become a subsidiary of ASTI. |
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| 2007 |
Acquisition of Dragon Technologies Distribution business to expand its distribution business in China. |
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Flextech Holdings Limited was renamed to Dragon Group International Limited. |
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| Joint Venture with Nanjing Government to invest in Nanjing Dragon Treasure Boat Development Co., Ltd. |
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