Reported Earnings • Jan 03
Full year 2025 earnings released: S$0.001 loss per share (vs S$0.019 loss in FY 2024) Full year 2025 results: S$0.001 loss per share (improved from S$0.019 loss in FY 2024). Revenue: S$22.8m (up 71% from FY 2024). Net loss: S$129.0k (loss narrowed 95% from FY 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Jan 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (S$20.6m market cap, or US$16.0m). Announcement • Jan 01
GDS Global Limited, Annual General Meeting, Jan 16, 2026 GDS Global Limited, Annual General Meeting, Jan 16, 2026, at 10:00 Singapore Standard Time. Location: 86 international road, singapore 629176, Singapore Announcement • Dec 26
GDS Global Limited has completed a Follow-on Equity Offering in the amount of SGD 4.08 million. GDS Global Limited has completed a Follow-on Equity Offering in the amount of SGD 4.08 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: SGD 0.068
Transaction Features: Subsequent Direct Listing Announcement • Dec 02
GDS Global Limited has filed a Follow-on Equity Offering in the amount of SGD 4.08 million. GDS Global Limited has filed a Follow-on Equity Offering in the amount of SGD 4.08 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: SGD 0.068
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 23
Full year 2025 earnings released: S$0.001 loss per share (vs S$0.019 loss in FY 2024) Full year 2025 results: S$0.001 loss per share (improved from S$0.019 loss in FY 2024). Revenue: S$22.8m (up 71% from FY 2024). Net loss: S$129.0k (loss narrowed 95% from FY 2024). Board Change • Jun 05
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 25
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 22
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (S$12.5m market cap, or US$9.15m). Reported Earnings • Jan 05
Full year 2024 earnings released: S$0.019 loss per share (vs S$0.021 loss in FY 2023) Full year 2024 results: S$0.019 loss per share. Revenue: S$13.4m (up 9.5% from FY 2023). Net loss: S$2.53m (loss widened 8.2% from FY 2023). Announcement • Jan 03
GDS Global Limited, Annual General Meeting, Jan 22, 2025 GDS Global Limited, Annual General Meeting, Jan 22, 2025, at 10:00 Singapore Standard Time. Location: 86 international road, singapore 629176, Singapore Board Change • Jan 03
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 03
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 09
GDS Global Limited Passes Vital Fire Tests for Its Patented Fourth Generation Gliderol Insulated Fire Rolle Shutter GDS Global Limited announced has passed vital fire tests for its patented fourth generation Gliderol Insulated Fire Roller Shutter ("IFS-4G") in Malaysia and Singapore respectively, stage the stage for its commercial roll-out in these two markets. In May 2024, the product was fire-tested in Malaysia and successfully passed and achieved 120 minutes of fire insulation and fire integrity for its single-layer IFS-4G-120 model, making it the only roller shutter in the country. This was followed by the single-layer IFS-4G-240 model fire test in Singapore in July 2024 and delivered an impressive 240 minutes of fire insula%on and fire integrity. IFS-4G is an all-steel, single-layer roller shutter capable of withstanding intense flames without over-heating and igniting combustible materials on the other side, thus halting the spread of fire. Its single-layer design offers enhanced cost and production efficiency and is more maintenance-friendly. Equally important, it also offers great space savings which is well received by architects. These advantages, along with its excellent fire insulation and fire integrity, make IFS-4G an ideal fire barrier solution for industrial factories, warehouse, data centers, shopping malls, hospitals and large-scale government projects. Infrastructure developments both in Malaysia and Singapore are expected to provide opportunities for the Group's products. Malaysia's construction sector is expected to continue to grow in the second half of 2024, supported by infrastructure projects like the Penang Light Rail Transit and Mass Rapid Transit 3 in the Klang Valley and strong demand for industrial buildings such as warehouses, data centres and semiconductor plants. Similarly, construction demand is expected to improve steadily in Singapore reaching between SGD 31 billion and SGD 38 billion per year from 2025 to 20282, where the Group will continue to focus on commercial and industrial sectors, which represent approximately 30% of the overall construction demand in 2024. Announcement • Sep 19
GDS Global Limited Announces Change of Company Secretary The board of directors of GDS Global Limited announced the appointment of Ms Low Mei Mei, Maureen as Company Secretary of the Company with effect from 19 September 2024 in place of Ms Chiang Wai Ming, Company Secretary, who has resigned with effect from 19 September 2024. New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 5.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (S$13.0m market cap, or US$9.79m). Board Change • May 08
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Doreen Yew is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 19
GDS Global Limited Announces Re-Designation of Tang Hee Sung as Non-Executive Non-Independent Chairman GDS Global Limited announced that Mr. Tang Hee Sung ("Mr Tang") was appointed as Non-Executive Non-Independent Director on 29 November 2023 and he shall be re-designated as Non-Executive Non-Independent Chairman with effect from 2 May 2024 to continue providing guidance to the Group in its strategic and operation objectives. The Board has approved Mr. Tang's re-designation as Non-Executive Non-Independent Chairman of the Company. The Nominating Committee ("NC") and the Board are of the opinion that with the abovesaid change, the Board size and its composition remain appropriate, considering the current scope and nature of the operations of the Group. Mr. Tang had abstained from the deliberations and decision of his re-designation. Working Experience 2018 to present Director Habigreen Investment Limited 2018 to present Director Icon Services Limited 2011 to present Director Spazio Concepts Pte. Ltd. 2009 to present Director Heptacon Construction Pte. Ltd. 2008 to present Chief Executive Officer Teambuild Land Group of Companies 2000 to present Director Teambuild MESB Properties Sdn BhdMr Tang is a director of Spazio Concepts Pte. Ltd. ("Spazio"), of which the principal business pertains to the assembly of doors and frames in the construction industry. However, it is envisaged that the Group and Spazio will not experience direct competition in the construction sector due to the nature of the products sold by the respective companies. In assessing Mr. Tang's suitability, the NC and the Board took into account (i) his background, experience, industry knowledge, professional skills, qualifications and connections which are beneficial to the Group future growth and (ii) his professional aptitude and commitment towards managing, full disclosure and preventing any potential conflicts of interest between the Group and Spazio and/or its affiliates. The NC and the Board was satisfied with Mr. Tang's commitment that he will fully disclose all perceived and actual conflicts of interest and recuse himself should such circumstances arise and in decisions involving the issue/conflict. Other DirectorShips Present includes Spazio Concepts Pte. Ltd. 2. Heptacon Construction Pte. Ltd. 3. Ecco Land Sdn Bhd 4. Rentak Spektra Sdn Bhd 5. Teambuild Venture Sdn Bhd 6. Teambuild MESB Properties Sdn Bhd 7. Qualicon Construction Sdn Bhd 8. Privazio Holdings Ltd. 9. Icon Services Limited 10. Habigreen Investment Limited 11. Gliderol Doors (S) Pte. Ltd. Professional Qualifications includes Master Degree of Science (Management in Technology) National University of Singapore, Singapore Bachelor Degree of Science in Engineering Arizona State University, Arizona, USA Diploma in Engineering Dalhousie University, Halifax, Nova Scotia, Canada. Board Change • Mar 05
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Non-Executive Non-Independent Chairman Michael Wong is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Executive Non-Independent Chairman Michael Wong is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 29
GDS Global Limited Appoints Kenny Zhang as Chief Operating Officer GDS Global Limited announced That the Nominating Committee reviewed and after having considered Kenny Zhang's background, working experience and qualifications, the NC is of the opinion that Kenny Zhang has the requisite experience and capabilities to assume the duties and responsibilities as the Chief Operating Officer of the Company. The Board having considered Kenny Zhang's background, working experience and qualifications, has approved the appointment of Kenny Zhang as COO of the Company. Job Title; Chief Operating Officer. Role And Responsibilities; Executive. Kenny Zhang will be responsible for formulating the Group's strategic direction and expansion plans in conjunction with other key executives, overseeing the developing of overseas marketing and managing the Group's operational efficiency and budgetary controls. Working Experience; February 2021 to December 2023 Koda Ltd. Chief Financial Officer January 2020 to January 2021 MatchMove Pay Pte. Ltd. Senior Vice President, Finance March 2017 to December 2019 Capital World Limited Chief Financial Officer May 2010 to February 2017 Kreuz Holdings Limited Financial Controller. Professional Qualifications; Degree in Applied Accounting The Oxford Brookes University United Kingdom. Board Change • Dec 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Non-Executive Non-Independent Chairman Michael Wong is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 19
GDS Global Limited Appoints Angela Lin as an Executive Officer, Effective 20 December 20223 GDS Global Limited announced Angela Lin to be appointed as an Executive Officer of the Company with effect from 20 December 20223. Professional Qualifications: Higher Diploma in Real Estate and Property Management University of Technology Sydney Australia Diploma in Building and Real Estate Management Ngee Ann Polytechnic Singapore Role And Responsibilities Executive. Angela Lin will report to the Executive Director and is responsible for overseeing the sales and after sales service department. Working Experience: 2004 - Present Senior Manager (Sales and Service) Sales Manager Service Manager Customer Service Executive Gliderol Doors (S) Pte. Ltd. Board Change • Dec 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Executive Non-Independent Chairman Michael Wong is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 26
Full year 2023 earnings released: S$0.021 loss per share (vs S$0.019 loss in FY 2022) Full year 2023 results: S$0.021 loss per share (further deteriorated from S$0.019 loss in FY 2022). Revenue: S$12.2m (down 11% from FY 2022). Net loss: S$2.34m (loss widened 10% from FY 2022). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Announcement • Nov 01
Gds Global Limited Announces Resignation of Wu Chiaw Ching as Independent Non-Executive Director GDS Global Limited announced Resignation of Wu Chiaw Ching as Independent Non-Executive Director. Mr. Wu Chiaw Ching ("Mr Wu") has been a director of the Company since 21 March 2013 and he will be stepping down as part of Board renewal. Other DirectorShips Past: 1. DLF Holdings Limited 2. Arthur Wu Consultants Pte Ltd. 3. China Fashion Holdings Limited 4. EDC@SCCCI Pte Ltd. 5. E-Freight Centre Pte Ltd. 6. Financial Board of the Singapore Chinese Chamber of Commerce 7. P99 Holdings Limited 8. Sun Yat Sen Nanyang Memorial Hall Company Limited 9. Aegis Financial Circle Pte Ltd. 10. Aegis Knowledge Pte Ltd. 11. Aegis Portfolio Managers Pte Ltd. 12. Aegis Private Capital Pte Ltd. 13. Aegis Wealth Managers Pte Ltd. 14. E-Freight Centre (2008) Pte Ltd. 15. Shipping Freight Booking Centre Sendirian Berhad. Other DirectorShips Present: 1. Wu Chiaw Ching & Company 2. LHT Holdings Limited 3. Goodland Group Limited 4. Pinpoint Pte Ltd. 5. Singapore Teochew Foundation Limited 6. Ngee Ann Development Private Limited 7. South Grand Enterprise (Pte.) Ltd. 8. Nad Triple Funds Pte Ltd. 9. Ngee Ann Property Management Pte Ltd. 10. RE Properties Pte Ltd. Announcement • Sep 30
GDS Global Limited Appoints Goh Joo San as Chief Financial Officer, Effective September 29, 2023 GDS Global Limited announced appointment of Goh Joo San as chief financial officer of the company. Appointment date is September 29, 2023. Role And Responsibilities: Executive. Ms. Goh Joo San will be responsible for all matters related to financial and accounting functions including regulatory compliance, risk management, management accounting, budgeting, forecasting, cashflow management, tax and SGX listing obligations compliance, investor relations management, supporting business growth in capital market and supporting financing initiatives and M&A activities. Working Experience: September 2021 to December 2022 Incorp Global Pte Ltd. Country Finance Head (Singapore) May 2019 - September 2021 Singapore Press Holdings Ltd. (SPH) Chief Financial Officer for Purpose-Built Student Accommodation (PBSA) Subsidiary in the United Kingdom January 2017 to December 2018 The Salvation Army, Peacehaven Nursing Home Assistant Director, Finance, Administration and Operations January 2015 - December 2016 Imperium Crown Limited Chief Financial Officer (Interim) 2011 - 2014 IMC Industrial Group Senior Manager, Business Planning. Other Director Ships Past: Straits One (Jersey) Limited Straits Two (Jersey) Limited Straits Three (Jersey) Limited Privilege Leeds S.A.R.L Privilege Sheffield S.A.R.L Privilege Southampton S.A.R.L Hampton Square Living S.A.R.L. Professional Qualifications: Chartered Accountant Institute of Singapore Chartered Accountants Master of Business Administration University of Surrey, United Kingdom. Board Change • Sep 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Chen Shunliang Tan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Chen Shunliang Tan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 13
GDS Global Limited Announces Resignation of Lim Lay Khim, Financial Controller GDS Global Limited announced resignation of Lim Lay Khim, Financial Controller. He was responsible for the Group's financial reporting and accounting matters, provides oversight of the Group's internal controls, taxation, treasury and its compliance with regulatory requirements. Reason For Cessation Ms Lim Lay Khim has resigned due to family commitments. Ms Lim Lay Khim has confirmed that there are no concerns with regard to financial reporting that led to her resignation and there are no disagreements with regard to practices that will have an impact on the Group's financial reporting. Board Change • Jun 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Chen Shunliang Tan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 22
GDS Global Limited, Annual General Meeting, Jan 17, 2023 GDS Global Limited, Annual General Meeting, Jan 17, 2023, at 10:00 Singapore Standard Time. Location: 86 International Road Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 30 September 2022 together with the Auditors' Report thereon; to approve amount as Directors' fees for the financial year ending 30 September 2023 and the payment thereof on a half yearly basis; to consider the re-election of directors; to consider the re-appointment of Deloitte & Touche LLP as Auditors; to consider the authority to issue new shares; and to discuss other matters. Reported Earnings • Dec 21
Full year 2022 earnings released: S$0.019 loss per share (vs S$0.017 loss in FY 2021) Full year 2022 results: S$0.019 loss per share (further deteriorated from S$0.017 loss in FY 2021). Revenue: S$13.7m (up 5.2% from FY 2021). Net loss: S$2.13m (loss widened 11% from FY 2021). Executive Departure • Jun 24
Company Secretary Kar Choo Yeoh has left the company On the 16th of June, Kar Choo Yeoh's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Kar Choo's name. Kar Choo is the only executive to leave the company over the last 12 months. Executive Departure • Jun 23
Company Secretary Kar Choo Yeoh has left the company On the 16th of June, Kar Choo Yeoh's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Kar Choo's name. Kar Choo is the only executive to leave the company over the last 12 months. Reported Earnings • Dec 31
Full year 2020 earnings released: S$0.013 loss per share The company reported a solid full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2020 results: Revenue: S$14.3m (flat on FY 2019). Net loss: S$1.47m (loss narrowed 32% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
GDS Global Limited, Annual General Meeting, Jan 22, 2021 GDS Global Limited, Annual General Meeting, Jan 22, 2021, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 30 September 2020 together with the Auditors' Report thereon; to approve the sum of SGD 130,000/- as Directors' fees for the financial year ending 30 September 2021 and the payment thereof on a half yearly basis; to re-elect Mr Wu Chiaw Ching, who is retiring by rotation in accordance with Regulation 114 of the Company's Constitution, as Director of the Company; to re-elect Mr Tan Soon Liang, who is retiring by rotation in accordance with Regulation 118 of the Company's Constitution, as Director of the Company; and to consider other matters. Announcement • Nov 19
GDS Global Limited Announces No Dividend for the Year 2020 GDS Global Limited announced no dividend is declared or recommended for the year 2020. Reported Earnings • Nov 19
Full year 2020 earnings released: S$0.013 loss per share The company reported a solid full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2020 results: Revenue: S$14.3m (flat on FY 2019). Net loss: S$1.47m (loss narrowed 32% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.