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Facebook Instagram Youtube Twitter. Vulcan Post aims to be the knowledge hub of Singapore and Malaysia. UEN C. It was early , and he was on the brink of relisting the company he had taken private just two years earlier, the company that made him a billionaire. This is the latest article in a new series: World of Forbes, a collection of stories from Forbes Asia or one our 34 licensed editions and global partners around the planet. This story originally appeared in Forbes Asia.
Then Sim shut the deal down. Sim was also confident he could get a better deal. Even as he was arranging the IPO, he was being courted by potential private investors. That would be a fillip to what is already a rags-to-megariches story.
In , he started R. Sim Trading, which sold an assortment of kitchenware, home goods, wooden massagers, and reflexology rollers, and changed the name to OSIM years later as he began expanding across Asia, narrowing his focus to health and lifestyle equipment. This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.
For more details about cookies and how to manage them see our cookie policy. Brookstone is a nationwide product development and specialty retailer with outlets across 39 states in the USA. The transaction is subject to regulatory approvals as well as approvals by theshareholders of OSIM and Brookstone. Completion is expected to take place by end July Mr Michael Anthony, President and CEO of Brookstone said, "This transaction offers great value to our stockholders and tremendous opportunity for our Company going forward.
This transaction will bring OSIM to the next level in its growth and we are pleased to be partnering the company and JW Childs in this opportunity".
Although the USA healthy lifestyle industry remains relatively undeveloped, US consumers have recorded increasing demand for healthy lifestyle products.
For illustrative purposes only, in computing the financial effects of the transaction on the earnings per share of OSIM, it is assumed that the transaction was completed on 31 July Based on this, the transaction is earnings accretive for FY The transaction has no impact on the net asset value per share of OSIM.
The geographical expansion into the USA market will provide another avenue of growth. Established in , OSIM is a brand management and niche marketing company with a focus on the consumer. The Group is innovation-driven and is an IP intellectual property developer. OSIM uses innovative selling approaches and constantly enhances its innovation capabilities to produce successful products with superior designs, features and quality.
Our business currently comes under four complementary focuses. Our mandatory offer for Global Active Limited became unconditional. The acquisition will add an additional outlets to our Group.
For more information, please visit www. Brookstone, Inc. Typically located in high-traffic regional shopping malls, lifestyle centres and airports, the stores feature an assortment of unique and innovative consumer products that are functional in purpose, distinctive in quality and design and not widely available from other retailers. From the beginning in , quality of product, quality of service, and quality of people have been a hallmark of Brookstone.
The first catalogue consisted of 24 black and white pages, with detailed, no-nonsense information on features, capabilities, measurements, materials and anything that would help the customer with his or her buying decision.
As Brookstone's catalogue success grew, its operations expanded.
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