Corporate Profile

Listed on the Main Board of the SGX-ST in 1973, Metro Holdings was founded in 1957 by its former chairman, Ong Tjoe Kim. Starting out as a textile store on 72 High Street, Metro has grown over the years to become a property development and investment group, backed by an established retail track record, with a turnover of S$200.3 million and net assets of S$936.6 million as at March 31, 2009.

Today, the Group operates two core business segnments - property development and investment, and retail - and is focused on key markets in the region such as China, Indonesia and Singapore.

Property Development and Investment

The Group's property arm owns and manages almost 320,000 square metres of prime retail and office properties in first-tier cities in China, such as Beijing, Shanghai and Guangzhou, and also holds significant investments in certain property businesses in China. The property arm also has a small presence in Malaysia.

Retail

Metro's retail arm serves customers through a chain of four Metro department stores and six specialty "Accessorize" stores in Singapore, and another five department stores in Jakarta and Bandung, Indonesia. The Metro shopping brand is an established household name in the retail industry, and offers a wide range of quality merchandise over 821,000 square feet of downtown and suburban retail space in both Singapore and Indonesia.