4 / 152
KEY
MILESTONES
May
Saberon Investments
Pte Ltd acquired a
controlling stake in
the Company.
July
Name changed to
Baker Technology
Limited.
October
Winner of Singapore
Corporate
Governance Merit
Award (SESDAQ)
at SIAS Investors’
Choice Award.
May
Acquired 100% of
PPL Holdings Pte
Ltd, an investment
holding company,
which owns a
15% stake in PPL
Shipyard Pte Ltd.
October
Formed a strategic
partnership with
a TATA enterprise
company (TRF
Singapore Pte Ltd)
which acquired a
51% stake in York
Transport Equipment
(Asia) Pte Ltd.
April
Winner of Best
Managed Board
(Merit)* in the
Singapore Corporate
Awards.
November
Completed a
renounceable non-
underwritten rights
issue of 327.4 million
warrants at 1.0 cent
each.
MAY
Acquired a 10.5%
stake in Discovery
Offshore S.A.
July
Winner of Best
Managed Board
(Gold)* and Best
Annual Report
(Silver)* at the
Singapore Corporate
Awards.
2000
2005
2007
2009
September
Winner of Singapore
Corporate
Governance Award
(SESDAQ) at SIAS
Investors’ Choice
Award.
June
Raised $14.3 million
from a renounceable
non-underwritten
rights issue with free
detachable warrants.
April
Acquired 100% of
Sea Deep Shipyard
Pte. Ltd.
October
Upgraded to SGX-ST
Mainboard.
April
Winner of Best
Managed Board
(Silver)* in the
Singapore Corporate
Awards.
September
Listed on Forbes
Asia’s Best Under
a Billion and was
one of only eight
companies in
Singapore on
the list.
October
Disposed of entire
issued and paid
up share capital
of PPL Holdings
Pte Ltd to QD Asia
Pacific Ltd for a cash
consideration of
US$116.25 million.
2004
2006
2008
2010
2011
* Denotes for companies with market capitalisation of less than $300 million
02
B A K E R T E C H N O L O G Y
L I M I T E D