Company History

1975.

Mar

-

Set up SAMSUNG MOOLSAN CO. LTD. HK office.

1977.

Jun

-

Changed status to "Limited Company". Named as "SAMSUNG MOOLSAN (HK) LTD." with capital of HKD500,000.00

1985.

Aug

-

Increased capital from HKD500,000.00 to HKD4,000,000.00

1986.

Apr

-

Set up Star Progress Co. Ltd. Beijing office to promote China business.

 

Dec

-

Signed "EURO CP PROGRAM" of USD30 million.

1987.

Dec

-

Sales volume reached USD300 million.

1990.

Mar

-

Company was renamed as
SAMSUNG HONGKONG LIMITED.

 

 

 

Signed a syndication loan of USD50 million with Long-Term Credit Bank of Japan.

 

Aug

-

Signed a syndication loan of USD50 million with Dai Ichi Kangyo Bank of Japan.

1991.

Oct

-

Set up Shenzhen Office.

1992.

Mar

-

Set up Guangzhou Office.

1993.

Apr

-

Set up joint venture company - ERDSAM CO. LTD. for the trade promotion with Mongolia.

 

May

-

Set up Shantou Office

 

Nov

-

Increased capital to USD 5 million.

1994.

Mar

-

Got order from OOCL for 2 units of 4,950 TEU container vessels which were the biggest ships of its kind at the time and one unit was named [OOCL HONG KONG] on its delivery .

1995.

Apr

-

Set up Xiamen office.

 

Nov

-

Got a big order from COSCO for 7 units of container ships.

 

Dec

-

Sales volume reached USD1.2 billion

1996.

Feb

-

Signed a syndication loan of USD100 million with Credit Lyonnais.

 

Sep

-

Signed a syndication loan of USD100 million with DKB.

1997.

Mar

-

Signed a syndication loan of USD100 million with LTCB.

 

Dec

-

Sales volume marked USD1,600 million.

1999.

Oct

-

Made investment in AUNET.COM (later changed its name as iASIAWORKS.COM), a promising Internet solution provider.

2000.

Mar

-

Signed a syndication loan of USD139 million with Citibank.

2002

Dec

-

Increase Capital USD 60 Million, Total Capital USD 102.5 Million