Overview
Listed on SGX Catalist Board and headquartered in Singapore with operations in Singapore, China and Malaysia, Luminor Financial Holdings Limited ("LFHL", formerly known as Starland Holdings Limited) is a financial solutions business that aims to provide innovative financing solutions to SMEs across the region.
LHFL (together with its subsidiaries, the “Group”) first started out as a Singaporean-owned and managed property developer for quality integrated residential commercial properties in the People’s Republic of China (“PRC”) and Singapore. With established expertise in key aspects of property development and management, the Group continues to build a strong presence and brand name for premium integrated residential and commercial properties development in Chongqing and other second and third tier cities in the PRC, focusing on large scale middle to high end and multi-phased projects. More than 95% of the approximately 1400 residential units developed have since been sold.
The Group's shareholders had on 25 October 2019 voted for the Group’s diversification (the “Diversification”) into the Financial Solutions Business ("FSB"). Since then, the Group has shifted its focus to the FSB and expanded the FSB significantly, particularly in Malaysia and Singapore.
Our Vision
To be a leading provider of innovative financial solutions to both consumers and corporates worldwide
Our Mission
To ensure that those who deserve financing can obtain financing - one individual, one company at a time
Group Structure
Board of Directors
Foong Daw Ching
Independent Chairman
Mr Foong Daw Ching is our Independent Director and was appointed to the Board of our Company on 26 March 2012. Mr Foong is the chairman of the Board of Directors. He has more than 30 years of audit experience and was the managing partner of Baker Tilly TFW LLP and the Regional Chairman of Baker Tilly International Asia Pacific Region. He retired as managing partner of Baker Tilly TFW LLP and stepped down as the Regional Chairman of Baker Tilly International Asia Pacific Region in 2010 and 2016 respectively.
Mr Foong was awarded the Merit Service Award by the Institute of Certified Public Accountants of Singapore in 2000, and a Public Service Medal (Pingat Bakti Masyarakat) by the President of Singapore in 2003.
Mr Foong is a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Institute of Singapore Chartered Accountants and a Fellow of CPA Australia.
Tan Chade Phang
Independent Director
Mr Tan Chade Phang is our Independent Director and was appointed to the Board of our company on 18 February 2016. He is the CEO and founder of Voyage Research since 2009 till present. Prior to setting up Voyage Research, he was an Investment Analyst with Standard Chartered Bank Singapore from 2007 to 2008, and was also the lead Investment Analyst in SIAS Research from 2005 to 2006. Mr Tan is currently also the President of the Small and Middle Capitalisation Companies Association.
Mr Tan is an Independent Director of OUE Lippo Healthcare Limited (formerly known as International Healthway Corporation Ltd) and TIH Limited. He is also appointed as an Independent Director of REVEZ Corporation Ltd and Camsing Healthcare Limited in 2021.
He graduated with a Bachelor of Business in Accountancy Degree from RMIT University and obtained a Master of Finance from the same university.
Lim See Yong
Independent Director
Mr Lim See Yong is our Independent Director and was appointed to the Board of our Company on 1 July 2019. He was the Managing Director of Xin Sheng International Pte Ltd from 2006 to 2018. Mr Lim was also the Independent Director of Western Plains Resources Limited from 2007 to 2019.
Mr Lim graduated from the National University of Singapore with a Bachelor of Business Administration (Major in Finance).
Kwan Yu Wen
Executive Director
Miss Kwan Yu Wen is our Executive Director and was appointed to the Board of the company on 21 December 2020. She is also a Non-Executive Director of GRP Limited. She was the Assistant Director, Operations and Business Development of Luminor Capital Pte Ltd from January 2017 to February 2019.
Miss Kwan graduated from the Singapore Management University with a Bachelor of Science (Economics) degree in 2015.
Kwan Chee Seng
Non-Executive Director
Mr Kwan Chee Seng is our Non-Executive Director and was appointed to the Board of the Company on 18 February 2016. He is also an Executive Director of GRP Limited.
Mr Kwan has extensive experience in management and investment, particularly in the area of Mergers and Acquisitions (“M&A“). Besides being the Chairman of Van der Horst Holdings Pte Ltd, his investment holding company, Mr Kwan has been a substantial shareholder of ASX-listed company, Variscan Mines Ltd since 2008.
In 2009, Mr Kwan began his fund management business with Luminor Capital Pte Ltd, a manager of private equity funds, as a founding director. Thus, he brings to the Board an unique set of skills with a M&A angle.