2 May 2024
Under the Radar: From making activewear for Under Armour, Puma and The North Face to becoming an investment holding firm - What’s next for Sing Lun Holdings post merger of apparel business with HK’s Crystal International Group

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11 April 2024
Under the Radar: From making activewear for Under Armour, Puma and The North Face to becoming an investment holding firm - What’s next for Sing Lun Holdings post merger of apparel business with HK’s Crystal International Group
We’re going to bring you an inside look into a local apparel maker turned investment holding firm.
Founded in 1951, Sing Lun started as a textile trading firm along Circular Road and has seen its business transform over the decades.
For one thing, the firm expanded into apparel manufacturing in 1968 when the second generation owners took over.
Over the years, Sing Lun evolved to become the manufacturer for top outdoor and sportswear brands such as The North Face, Puma and Under Armour. And its annual revenue – a whopping US$185 million as at 2016.
But as people say, change is the only constant, and Sing Lun has yet changed once again.
It merged its textile manufacturing business SL Global with Crystal International Group in Hong Kong in 2016 to become the second largest apparel manufacturer in the world.
Today, Sing Lun Holdings is known as a privately-owned investment holding company with business interests worldwide. Its portfolio includes three main verticals: real estate holdings, industrial and business services and investments and private equity.
But what were the reasons behind the move to divest SL Global and what does the divestment of its apparel manufacturing mean for the firm? What is the firm focusing on next?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Mark Lee, CEO, Sing Lun Holdings.

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