Gallant Venture Ltd. ("Gallant") is an investment holding company with focus on regional growth opportunities. Its existing investments are mainly in Batam and Bintan in the Riau Archipelago, Indonesia, under 4 major lines of business:

Gallant is a commercial development and management group in Riau Archipelago and an integrated master planner for industrial parks and resorts in Batam and Bintan.

The Group's businesses are well placed to benefit from the strategic proximity of Batam and Bintan to Singapore, and the close economic cooperation between the Singaporean and Indonesian governments to promote investments in the Riau Province and Singapore.

The Group's current investment portfolio features a good mix between properties in Batam that generate stable cash flow, strong balance sheet and assets that offer promising profit generating capabilities in Bintan.

In 2004, our operating revenues totalled approximately S$202.0 million while our total assets were valued at approximately S$1.5 billion. Our principal shareholders include the Salim Group, the Parallax Group, SembCorp Industries Ltd and the Ascendas Group.

The Group has a strong balance sheet with low-gearing from its existing businesses. This, coupled with its strong investment partners and an experienced management team, should help Gallant access regional and international markets and investors.