See also: Sinostar PEC Holdings appoints former minister John Chen Seow Phun as lead independent director
Shen Yao’s fully-owned subsidiary in Australia Golden Point Group produced 42,697 ounces of gold for the fiscal year ended June 30 last year and generated revenues of some $93.0 million. Besides the gold mining interests, Shen Yao has diversified into fund management and other forms of financial investment. This year, lubricant trader and manufacturer United Global lost its overall sector winner title to Sinostar PEC. However, it has retained its win for ROE. The Catalist-listed company describes itself as an independent lubricant manufacturer with a wide range of high quality, well-engineered products under its inhouse brand “United Oil”, as well as a host of third-party brands. It is also engaged in the trading of base oils, additives and lubricants.