FAR EAST GROUP LIMITED

Far East Group Limited is a veteran player in the refrigeration and air-conditioning industry, having been founded in 1953. Operating predominantly in the South-east Asia region, the company offers a diverse range of products and services to a customer base exceeding 1,000 active clients. In addition to acting as a distributor for commercial and light industrial refrigeration systems, Far East Group also manufactures its own brand of heat exchangers and condensing units under the "Eden" label. The company's products have garnered recognition from prominent international and regional retail chains and establishments such as Carrefour, Metro, Tesco, Giant, Cold Storage, NTUC FairPrice, Resorts World Sentosa, and Marina Bay Sands. With a footprint in Singapore, Malaysia, and Hong Kong, as well as representative offices in Vietnam and Indonesia and a network of around 20 distributors and dealers across various countries, Far East Group embodies a dynamic and forward-moving entity. The company has depicted solid financial growth, with its revenue increasing from approximately S$29.2 million in FY2008 to approximately S$32.6 million in FY2010, and net profit surging from approximately S$1.0 million in FY2008 to approximately S$4.6 million in FY2010. Given its extensive regional reach, product diversity, and sustained financial growth, Far East Group Limited presents an intriguing prospect for venture capital investors seeking exposure to the food and beverage and industrial sectors within the South-east Asian market.