Listed on the Catalist board of the Singapore Exchange Securities Trading Limited, Cedar Strategic Holdings Ltd. (“CSH” or the “Company”, and together with its subsidiaries, the “Group”) was incorporated in Singapore on 17 October 1980. Formerly known as China Titanium Ltd., the Company adopted the name Cedar Strategic Holdings Ltd. on 7 December 2012 following the restructuring of its business model, effectively changing its core business to real estate. On 22 February 2013, CSH successfully completed the divestment of its 51% equity stake in Jade Marketing & Distribution Pte. Ltd. and 100% stake in Jade Real Estate Pte. Ltd.
On 29 October 2013, the Group completed the acquisition of the entire issued and paid-up share capital of Trechance Holdings Limited, the holding company of Guizhou Cedar Huacheng Property Development Co., Ltd (“Huacheng”), which in turn owns Guizhou Shengxiang Investment Management Co., Ltd (“Shengxiang”), Guiyang Shunhe Real Estate Development Co., Ltd. (“Shunhe”) and Guizhou Huamao Assets Operation Management Co., Ltd. (“Huamao”)(collectively, the “Trechance Group”).
As at 31 December 2014, a ‘control’ assessment was performed in accordance with the Financial Reporting Standards and it was concluded that the Group no longer has the practical ability to direct the relevant activities of Huacheng, Shengxiang, Shunhe and Huamao and on this basis, these People’s Republic of China (“PRC”) subsidiaries ceased to be subsidiaries of the Company by 31 December 2014.