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Appointment of Director of Federal International (2000) Ltd
March 2010
Leon Yee has been appointed as a Non-Executive Independent Director of Federal International (2000) Ltd (the "Company") with effect from 23 March 2010. Leon Yee will also sit on the Audit Committee and the Remuneration Committee of the Company.
Leon is the Head of the Banking and Finance Department at Arfat Selvam Alliance LLC. He is experienced in advising investment banks, project companies, listed and private companies on complex financings, corporate finance, venture capital, capital markets, takeovers, cross-border mergers and acquisitions, corporate restructurings and joint ventures. Having been named an AsiaLaw Leading Lawyer in the area of Corporate Governance for the past 3 consecutive years, He also co-authored the “Code of Corporate Governance” chapter in Woon’s Corporations Law as well as the Singapore chapter for Getting the Deal Through 2010 - Corporate Governance. He obtained his M.A. in Law at Christ’s College, University of Cambridge.
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About the Company:
The Company was incorporated in Singapore on 13 November 1999 under the name Federal International (2000) Pte Ltd. On 23 August 2000, it was converted to a public company and changed its name to Federal International (2000) Ltd. The Company was listed on the Mainboard of the Singapore Exchange in the year 2000.
From a hardware trading business which started in 1974, the Federal Group has progressively transformed its business model and expanded its range of products and services. Today, the Group is involved in Research & Development, Design and Manufacturing as well as Trading of flowline control products and services and oil & gas-related equipment to the oil and gas, petrochemical industries. The Group develops and markets its own proprietary valves under the KVCTM brand. The Group is also involved in distributing oilfield drilling equipment, fire protection and detection systems, electrical products and IT solutions. As specialists in valves and bulk piping material, we maintain a comprehensive inventory in excess of S$20 million so as to meet our customers' every need, at any time.
In line with its strategic and long-term objective to build a business base with stable, recurring income streams, Federal has ventured into two new businesses. The first is Marine Logistics support services whereby Federal provides chartering of vessels such as Floating & Storage Offloading vessels for offshore oil & gas upstream activities. The other new business area that Federal has entered is Build-Operate-Own and Build-Operate-Transfer projects for power utilities and environmental management sectors.
In particular, Federal has inked agreements for four BOO/BOT projects in the power utilities sector in Singapore and Indonesia. It has also ventured into waste water treatment business in People's Republic of China recently.
Through its strategic alliances and aggressive marketing, Federal's market presence and business operations now span many countries around the world, from Southeast Asia, South Asia, North Asia including China and Japan to the Middle East and Australasia and the USA and Europe.
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