Sapphire Corporation Limited (Sapphire? or the Group?) has undergone a major corporate restructuring and transformation exercise since the appointment of its new Group Chief Executive Officer in October 2013. Sapphire is now an investment management and holding company with subsidiaries in engineering, procurement and construction (EPC?) and mining services businesses, having divested its legacy steel business in 2014. Sapphire is incorporated in Singapore and has been listed on the Singapore Exchange since 1999.

Infrastructure Business

Sapphire owns a 100% stake in the China-based EPC business Ranken Railway Construction Group Co., Ltd. and its subsidiaries (Ranken?), which it acquired on 1 October 2015 as part of a new growth strategy via earnings-accretive investment in rail infrastructure. Founded in 1998, Ranken Group is Chinas second-largest privately owned integrated rail transport infrastructure group, and holds full Triple-A qualifications and licences for design, construction and project consultation in the rail sector. Ranken?s clients include state-owned enterprises and Fortune-500 companies in China.