The Company was listed on The Stock Exchange of Singapore Dealing and Automated Quotation System (now known as Catalist) on 17 February 1994 and was transferred to the Mainboard of the SGX-ST on 23 November 2000. At the time of its listing, the Company and its subsidiaries (the "Group") had been principally involved in the Media Storage Business. The Group's headquarters is located in Singapore. After cessation of the business activities in the Media Storage Business in the financial year ended 2018 and the Haircare Business in the financial year ended 2019, the Group has made the decision to focus on the property business, particularly the acquisition or investment in hotels and hospitality assets.The Group targets gateway cities in Asia as the core markets for its real estate investment objectives, either by way of majority or minority stakes, and either on a standalone basis or in collaboration with selected capital partners. The Group actively pursues a value-add type investment strategy, identifying undervalued assets situated in prime locations which have the potential for strong operational and physical enhancements.