Citystate Management Group Holdings was formed to hold the interest of its principle shareholders, Mr Leow Siak Fah and Mr Ng Tian Ming in the areas of insurance and reinsurance writing.

OCT 1987

Newstate Stenhouse Insurance was incorporated to provide clients with a one-stop risk management insurance and reinsurance broking services throughout Asia.

CMGH acquired Ardent Travel, our first travel agency (name was subsequently changed to Citystate Ardent Travel).

JAN 1994

Acquired Frosts Food & Beverage which imports and distributes foods from all over the world in Singapore. Ventured into realty by tendering for, and renovating several conservation buildings on Club Street including 36 Club Street, which won the Architectural Heritage Award in 2000 for conservation.

JAN 1996

Citystate Properties completed the renovation and restoration of its building at Club Street, Mohammed Ali Lane and Gemmill Lane.

SEP 1990

Formed food related company Quix Pte Ltd, a fresh food processor and manufacturer of ready to eat packaged sandwiches and salads.

JAN 2000

Expanded business interests in the travel industry by buying a majority stake in Expotours (name was subsequently changed to Citystate Travel). Frosts Food & Beverage established Frosts Food International, an international food trading company.

JUN 2000

Acquired a majority stake in AF Travel in Malaysia.

FEB 2001

Expotours was subsequently changed to Citystate Travel and ventured into cruises.

JAN 2003

Ventured into the Japanese Restaurant business by acquiring a majority stake in Kushingin, Nanbantei and Shinjuku Japanese Restaurant Ltd. Invested in Education with Julia Gabriel Centre for Learning and Chiltern House. Formed Citystate Arts and Events Management and successfully staged its first musical, “The Sound of Music”.

JAN 2005

EQ Insurance was issued a multi-line insurance license by the Monetary Authority of Singapore.

JAN 2007

Citystate Capital Asia was formed to develop a pan-Asian Insurance Group of companies in Insurance Underwriting and Broking. Citystate Holidays, the leisure brand of Citystate Travel was re-launched as Citystate Cruises in Dec 2013.

SEP 2009

Frosts Fine Food was formed to handle the distribution of gourmet food products.

JAN 2010

Citystate Management Group Holdings changed its name to Citystate Group. Citystate Group became a major shareholder in Julia Gabriel Group.

JAN 2011

Julia Gabriel Group created Chengzhu Mandarin Centre, a Chinese language and cultural school children. Citystate Capital Asia entered a strategic alliance with a general insurance company in Indonesia, PT Asuransi Eka Llyod Jaya through its subsidiary PT CCA. Citystate Group successfully acquired Ossia Music Holdings.

JAN 2012

Indo Properties Investment was set up to hold business interest such as property in Indonesia.

MAR 2013

Citystate Group acquired Tradewinds Tours Limited in Hong Kong.

OCT 2014

Invested into LDR Technology, a leading, award-winning mobile technology and eLearning solution company.

2015

Nanbantei Japanese restaurant opens up a second outlet at Chinatown Point.

Invested into TSC Holdings Pte Ltd who operates a chain of Student Care and Stanford Scholars Tuition Centers.

JUN 2017

Invested as a majority seed investor of a tech start-up, YUVO, who is developing a mobile app to help employers manage the lifecycle of their employees.

JAN 2019