Innity Corporation Berhad (0147)

Overview

International Business Settlement Holdings Limited, previously known as Chaoyue Group Limited until its rebranding in December 2016, operates as a multifaceted investment holding company with a strong foothold in the People's Republic of China and Hong Kong. The company's operations encompass a diverse range of sectors including property development, hotel business, international business settlement, contact lens manufacturing, computer equipment leasing and trading, and financing services. Its extensive property development ventures include both commercial and residential projects, alongside specialized undertakings like car parking space development. The company stands out for its provision of settlement and clearing services to both commercial entities and individual customers, leveraging an electronic money institution license for its operations. Additionally, International Business Settlement Holdings Limited ventures into hotel development and management, asserting its presence in the hospitality industry. With its inception in 1993 and headquartered in Causeway Bay, Hong Kong, the company extends its services through a wide spectrum of operations, utilizing a robust business model that incorporates money lending, finance leasing, factoring, encrypted distributed storage through server leasing, and consultancy, thereby establishing itself as a subsidiary of Long Grand Limited.

Products and Services

• Property Development

  Engages in the development and sale of both commercial and residential properties. The company's property development segment also includes land development projects for car parking spaces, catering to a growing demand in urban areas.

• Hotel Business

  Offers hotel development and management services, aiming to create a memorable experience for guests through excellent accommodation and amenities. This segment represents the company's strategic involvement in the hospitality industry.

• International Business Settlement

  Provides innovative settlement and clearing services tailored for commercial businesses and individual customers. Utilizing an electronic money institution license, the service facilitates secure and efficient financial transactions on a global scale.

• Contact Lens Business

  Manufactures and markets disposable contact lenses, focusing on quality and customer health. This segment reflects the company's venture into the healthcare and personal care market.

• Leasing and Trading of Computer Equipment Business

  Engaged in the leasing of servers and trading of computer equipment, the company ventures into the IT sector by offering encrypted distributed storage solutions and supporting businesses with their technological needs.

• Financing Business

  Provides a range of financial services including money lending, finance leasing, and factoring. This segment demonstrates the company's commitment to facilitating business growth and financial health for its clients.