See Hup Seng

Company Overview


Established in 1971, Mainboard-listed SHS Holdings has grown into a diversified group with three main businesses:


The Group, through its subsidiary TLC Modular Construction, has established strong capabilities in modular construction, also known as Pre-fabrication, Pre-finished Volumetric Construction (PPVC) which designs and builds factory-produced, pre-engineered building units that are delivered to site and assembled as large volumetric components or as substantial elements of a building. The first two major projects under construction are targeted to be completed by the first half of 2019, namely the COSA Hotel in Christchurch, New Zealand and the pre-fabricated bathroom units ("PBUs") for the Park Place Residences located at Paya Lebar, Singapore.

Group subsidiary, Hetat Holdings, has a strong track record in the design, engineering and construction of integrated structures created from steel, aluminium and glass materials in Singapore & Malaysia. It is one of the few fabricators with the coveted S1 accreditation from the Singapore Structural Steel Society.


The Group diversified into the solar energy sector in 2016, amidst a growing global commitment to renewable energy and environmental sustainability, and the quest for clean and affordable energy-efficient solutions.

Through its subsidiary, Sinenergy Holdings Pte Ltd, the Group focuses on solar energy development and EPC works. It has successfully installed various roof-top, ground-mounted photovoltaic systems of all scales for domestic and commercial customers in Singapore.

It is also currently working on the construction of a 50MW solar power plant in Bangladesh following the signing of the Power Purchase and Implementation Agreements with the Bangladesh Power Development Board, the Government of the People’s Republic of Bangladesh, and the Power Grid Company of Bangladesh Ltd.


The Group is the leading provider of corrosion prevention services to the marine, oil and gas, construction and infrastructure industries in Singapore. It has a strong niche in specialized tank coating services and large-scale plant operations in the country. Its proven capability in corrosion prevention services is underscored by its status as a resident contractor for premier shipyards in Singapore.


In addition to its three core businesses, the Group constantly evaluates strategic investment opportunities that generate shareholder value. It currently has a stake in Energy Drilling Pte Ltd, a Singapore-incorporated company primarily engaged in owning and operating offshore drilling vessels, and a stake in Aenergy Holdings Company Limited, an investment holding company with subsidiaries engaged in the business of developing mini-hydropower projects in Indonesia.