Dragon Group International

History & Milestones

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 was renamed 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 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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2010 FE Global Electronics Pte Ltd was renamed Dragon Technology Distribution Pte. Ltd.
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FE Global Electronics Sdn Bhd was renamed Dragon Technology Distribution Sdn. Bhd.
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FE Global Electronics (India) Private Limited was renamed Dragon Technology Distribution Private Limited.
 
 
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Our Affiliates
Blk 25, Kallang Avenue, #06-01, Kallang Basin Industrial Estate, Singapore 339416   T (65) 6392 6922   F (65) 6392 5522
Company Registration No.: 199306761C