This might finally be Sapphire’s time to shine

SINGAPORE (Oct 7): The patience of long-time Sapphire shareholders might have been tested with the losses suffered in the earlier years and a share price that has seen two rounds of consolidation and a drop of almost 50% in five years.

Nevertheless, Teh Wing Kwan, group CEO of Sapphire Corp, is confident that the recent positive developments at Sapphire will be acknowledged. “Shareholders may take comfort in how we’ve guided the market, how aggressive we are in rebuilding a new Sapphire, and to also clear off lingering perceptions of the old Sapphire. There is no question,” he says.

Sapphire’s main business is now the construction of stations and tunnels and other work for metro railway systems in Chinese cities, following the RMB360.4 million ($73.9 million) acquisition of Ranken Infrastructure in September last year.

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