UniFiber historical charts(Note: Charts not adjusted for bonus issues, rights issues, dividends etc)


BackgroundThe Company was incorporated on 2 December 1995 as an investment holding company of the Group to hold the operating companies of the Group. The current business activities include the manufacture, sale, rental and supply of access equipment, construction activities in the public and private sectors, vessel staging, property investment and development, and other construction-related activities.
The history of the Group can be traced back to 1972 when a partnership named Yew Hock Frame Construction was established to do timber scaffoldings. In 1984, it switched to metal scaffoldings, as required by the government.
Poh Lian Construction (Pte) Ltd was incorporated in 1975 to carry on the business of a contractor. By 1995, it was recognised by CIDB as one of the top 20 Singapore construction companies.
The Company is an investment holding company. The three core business activities which the Group is presently engaged in are access equipment trading and rental and related services; building construction; and property development.
In 2000, the Group ventured into the pulp industry by buying into two Indonesian companies, one a forest concessionaire and the other in pulp milling.
The Company changed its name to United Fiber System Limited wef 23 April 2002. On 22 April 2002, the shareholders of Poh Lian approved the plan to turn Poh Lian into a pulp-producing company with a forestry asset comprising a forest plantation of 268,585 hectares (4 1/2 times the size of Singapore) in South Kalimantan. UFS will now comprise of three main divisions, namely the Forestry, Pulp Mill and the existing business of Poh Lian.
Poh Lian Group of companies will continue with their existing construction-related business activities in the manufacture, sale, rental and supply of access equipment, construction activities in the public and private sectors, vessel staging, property investments and development, and other construction-related activities.
The Pulp Mill division shall concentrate on building a 600,000 adt/year Pulp Mill in South Kalimantan. The Forestry Division will continue with the development of its forestry. The forestry concession rights being until 2041.