TEHO INTERNATIONAL Chairman Statement

Chairman Statement

Extracted from Annual Report 2018

Dear Shareholders,

On behalf of the Board of Directors (“Board”) of TEHO International Inc Ltd. (“TEHO” or the “Group”), it is my pleasure to present to you the annual report for the financial year ended 30 June 2018 (“FY2018”).

For the Group’s Marine & Offshore Segment, the increase in revenue is mainly contributed by the Group’s mooring and rigging business. We have started seeing activities picking up with the improved sentiments in the offshore industry. We expect improved outlook in the Marine & Offshore Segment and will look out for new business opportunities in this sector.

For the Group’s property business in Singapore, we have successfully sold all the units for the Elite Terrace development project and have received its TOP (temporary occupation permit). We have also acquired a landed residential property for redevelopment in Singapore#. Based on initial plans, the construction for this development is scheduled to be completed in first half of financial year ended 30 June 2020. The Group continues to remain cautious in taking up any development projects in the upcoming financial year and will invest in viable property projects with emphasis on landed properties in Singapore.

Lim See Hoe
Executive Chairman and CEO

  • 2018 FINANCIAL REVIEW
  • ENGINE TOWARDS RECOVERY
  • RIDING WITH THE TIDE
  • EXPLORING FOR FUTURE GROWTH
  • APPRECIATION
# The acquisition of the property was completed on 2 July 2018.