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.
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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.
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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
Aw Eng Hai
Independent Chairman
Mr Aw Eng Hai is our Independent Director and was appointed to the Board of our Company on 21 June 2024 as the Chairman of the Board. Mr Aw is presently a partner at the helm of Recovery & Reorganisation and Forensic Investigation Services practice of Foo Kon Tan LLP. An approved liquidator, he has more than 20 years of experience and has helped numerous clients successfully restructure their businesses and helped creditors trace and recover assets from companies in liquidation across various sectors such as retail, financial institutions, real estate and manufacturing. Prior to joining the commercial sector, he was an investigator in the Commercial Affairs Department (CAD) where he was involved in complex commercial fraud investigations and investigations into the collapse of various companies, one of which was a major financial institution.
Mr Aw is a practicing member of the Institute of Singapore Chartered Accountants (ISCA), a Fellow of the Association of Chartered Certified Accountants (ACCA), a Fellow of Insolvency Practitioners Association of Singapore (IPAS), a member of INSOL International and a member of Singapore Institute of Directors (SID).
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), Y Ventures Group Ltd and Tritech Group Limited.
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.
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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 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. Ms Kwan is the daughter of Mr Kwan Chee Seng, Non-Executive Director of our Company and Non-Executive Director and substantial shareholder of GRP Limited, the Company’s former ultimate holding company.
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.