Raffles United Holdings Ltd (“RUH”), formerly known as Kian Ho Bearings Ltd, is a SGX Mainboard-listed company that was founded in 1956. It is one of the largest professional stockists, distributors and retailers of bearings and seals in South East Asia and the Far East that caters primarily to the Wholesale; Maintenance, Repair, and Overhaul (“MRO”) ; and Original Equipment Manufacturers (“OEM”) markets. RUH’s strength lies in the universal application of its bearings and seals products. The Group carries more than 35,000 types of bearings and seals that are used in virtually all industries: transportation, electronics, construction, oil and gas, and others.
RUH currently has four branches in Singapore and seven outlets in neighbouring Malaysia. It also has one associate and several local and overseas subsidiaries in Malaysia, Hong Kong, Taiwan, China, Vietnam, Indonesia, Australia and Thailand. RUH has a sizeable local customer network spanning across automotive part dealers, industrial suppliers, hardware dealers, ship chandlers, general trading companies, as well as the OEM market (particularly in the industrial automation sector). The group markets its products on a wholesale basis and has developed sales to foreign markets over the years.
On 1 October 2014, RUH successfully completed its internal Group restructuring after transfer of the Company’s bearings and seals business operations, including its inventory, to its newly incorporated subsidiary – Kian Ho Pte Ltd. With effect from 8 December 2014, RUH realigned its organisational structure to include property investment and property development to its current core business. In line with this development, RUH has made its major maiden acquisition of 10 commercial shop units at 1 Sophia Road, Peace Centre, Singapore and is on the lookout for suitable opportunities to build upon its property portfolio.