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Our Strategy and Future Plans<br />
(a) To improve our M&E integrated services<br />
We intend to build on our integrated services, particularly in the design and installation of<br />
plumbing & sanitary, electrical engineering, air-conditioning and mechanical ventilation systems<br />
and fire protection and alarm systems. We intend to continue to train and upgrade the skills of<br />
our employees through on-the-job training and external training programmes and increase our<br />
efforts in securing more M&E integrated services projects.<br />
(b) Diversify our income base<br />
While we will continue to remain focused on our M&E services to the residential sector, we<br />
intend to diversify our income base to include other sectors. Currently, approximately 98% of<br />
our turnover is derived from the residential property sector. Apart from the residential sector,<br />
we plan to expand our operations into commercial, industrial and institutional building sectors.<br />
For example, in March and June 2000, we secured two contracts for the provision of M&E<br />
services for two educational institutions. We also intend to provide M&E services to the lightflatted<br />
industries. As at the date of this Prospectus, we have been awarded one such project<br />
for the supply and installation of plumbing & sanitary and electrical systems to an industrial<br />
building at Jalan Kilang Barat with a contract value of approximately $1.3 million.<br />
(c) Expand our scope of M&E services<br />
In June 2000, we were awarded and had commenced work on a $2.8 million contract for the<br />
installation of plumbing & sanitary, electrical, air-conditioning and mechanical ventilation (“ACMV”)<br />
and fire protection systems, including computer cabling and wiring, for a primary school located<br />
along Thomson Road. We intend to expand our range of services to include network and<br />
structured cabling. We anticipate that home automation, safety, security and Internet readiness<br />
would likely become an increasingly common feature for new premises. Structured cabling forms<br />
the backbone to these intelligent features. Currently, we are able to provide installation of fibre<br />
optic cable networks and unshielded twisted pair (“UTP”), which constitute the structured cabling<br />
system.<br />
(d) Increase our activity in design-and-build projects<br />
We believe that there will be an increasing trend towards “design-and-build” construction projects<br />
compared to the conventional “design-bid-build” construction projects. In a conventional “designbid-build”<br />
project, we provide only the M&E systems installation services. In contrast, for “designand-build”<br />
projects, we provide higher value added services such as detailed design and<br />
recommend cost saving modifications in addition to the M&E systems installation services.<br />
Design-and-build construction projects require co-operation and collaboration among consultants,<br />
contractors and developers that would result in a more efficient construction activity where<br />
labour and cost saving modifications have been integrated into the design of the project.<br />
Between April 1993 and November 2000, we provided M&E services to three HDB design-andbuild<br />
projects which have been completed and have four on-going HDB design-and-build projects.<br />
In the private residential sector, we provided M&E services to two design-and-build projects<br />
which have been completed and have three on-going design-and-build private sector projects.<br />
We intend to build on our design-and-build experience to increase our business in this area.<br />
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