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jackspeed corporation ltd (JSP) Details

Jackspeed Corporation Limited, an investment holding company, manufactures and sells automotive leather trim in Singapore, Thailand, Europe, Australia, Malaysia, and internationally. It operates in three segments: Leather, Accessories, and Automotive. The company designs and installs automotive leather trims; and provides leather wrapping for interior parts, such as steering wheels, consoles, and shift knobs; and manufactures, assembles, and supplies automobile component parts. It is also engaged in the aircraft seat upholstery maintenance; and overhaul and retrofitting for private jets, commercial planes, and helicopters, as well as marine upholstery for pleasure crafts. In addition, the company is involved in the trade of used motor vehicles; financial leasing of new and used motor vehicles; and rental of motor vehicles, as well as acts as commission agents of used motor vehicles. It sells its products to car distributors, dealers, and manufacturers in automobile and aviation industries, as well as original equipment manufacturers in the automotive industry. Jackspeed Corporation Limited was founded in 1993 and is headquartered in Singapore.

Founded in 1993

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jackspeed corporation ltd (JSP) Key Developments

Jackspeed Corporation Limited, Annual General Meeting, Jun 24, 2014

Jackspeed Corporation Limited, Annual General Meeting, Jun 24, 2014., at 10:00 Singapore Standard Time. Location: 47 Loyang Drive. Agenda: To receive and adopt the director’s report and the audited accounts of the company and the group for the year ended 28 February 2014 together with the auditor’s report thereon; to re-elect Chin Yew Choong David and Chua Sze Chyi as directors of the company; to approve the payment of director’s fees of SGD 156,000 for the year ended 28 February 2014; to re-appoint RSM Chio Lim LLP as the auditors of the company and to authorize the directors of the company to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; to consider authority to issue shares in the capital of the company pursuant to Section 161 of the Companies Act, Cap. 50 and Rule 806 of the Listing Manual of the Singapore Exchange Securities Trading Limited; to consider the authority to issue shares under the Jackspeed Share Award Scheme; and to consider renewal of share purchase mandate.

Jackspeed Corporation Limited Reports Audited Consolidated Earnings Results for the Full Year Ended February 28, 2014

Jackspeed Corporation Limited reported audited consolidated earnings results for the full year ended February 28, 2014. For the year, revenue was SGD 34,036,000 against SGD 38,462,000 a year ago. Profit before tax was SGD 742,000 against SGD 914,000 a year ago. Profit attributable to owners of the parent, net of tax was SGD 540,000 or 0.22 cents per basic and diluted share against SGD 585,000 or 0.24 cents per basic and diluted share a year ago. Net cash flows from operating activities was SGD 3,663,000 against SGD 6,145,000 a year ago. Purchase of plant and equipment was SGD 1,793,000 against SGD 1,062,000 a year ago. Net asset value per ordinary share based on issued share capital as at the end of the financial year was 12.44 cents against 12.43 cents a year ago.

Jackspeed Corporation Limited Announces Management Changes

The Board of Directors of Jackspeed Corporation Limited announced that Mr. Chin Yew Choong David has been appointed as Non-Executive Chairman of the Board in place of Mr. Yap Kian Peng with effect from 24 January 2014. Mr. Yap will remain as Executive Deputy Chairman and Chief Executive Officer of the company.


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