Chasen Holdings

What Chasen Holdings does

Chasen Holdings Limited (SGX:5NV) is a Singapore-headquartered global integrated logistics service provider incorporated in 1999 and operating across seven countries - Singapore, Malaysia, PRC, Vietnam, Timor-Leste, Thailand, and the USA - with expanding operations in India. The group operates three core service lines: Specialist Relocation Solutions (relocating sensitive manufacturing equipment within and across borders, with proprietary cleanroom and raised-floor environment handling capabilities for semiconductor, EV battery, TFT LCD, OLED, and solar PV facilities), Third Party Logistics (packing, crating, cross-border trucking, freight forwarding, bonded and non-bonded warehousing, and in-house AEO customs clearance), and Technical & Engineering Services (steel fabrication, mechanical and electrical installation, contract manufacturing, precision machining, scaffolding, facilities management, and solar panel installation).

The group's technical edge rests on hard-won assets: a Facilitized Refurbishment and Testing Centre (FRTC) co-built with REI Technologies for a Japanese OEM inside a 100k cleanroom, the i.nerv intelligent energy management system that improves air-conditioning efficiency by up to 40%, and a diversified fleet of state-of-the-art material handling vehicles and rigging equipment. Wholly-owned subsidiaries (Chasen Logistics Services, DNKH Logistics, Goh Kwang Heng Scaffolding, Hup Lian Engineering, REI Promax Technologies, REI Technologies, Team Glass Engineering, and Global Technology Synergy) execute these capabilities.

Revenue mechanics are project-based enterprise contracts with multi-year horizons - the Specialist Relocation segment generated S$79.3m in FY2025 (+49% YoY) and the November 2025 multi-year wins of approximately S$70m span EV battery, semiconductor, solar PV, and LCD panel sectors. The go-to-market is direct enterprise sales targeting multinational OEMs (Intel, ASML, AMKOR, 3M, Energizer, REC, Korean MNCs) establishing or reconfiguring manufacturing facilities, complemented by 3PL services for electronics and telecommunications firms. Disposal of the City Zone Group to a Swiss logistics MNC for S$67.4m in August 2024 marked a deliberate exit from lower-margin commodity freight to focus on higher-value project-engineering work.

Name

Chasen Holdings

Legal name

Chasen Holdings Limited

Website

https://chasen.com.sg

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Chasen Holdings is a Singapore-listed global logistics provider specialising in relocating sensitive manufacturing equipment for semiconductor, EV battery, display panel, and solar PV OEMs across seven-plus countries via three service lines: Specialist Relocation, 3PL, and Technical & Engineering.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Specialist Relocation Solutions: Providing specialist manpower, tools and equipment to relocate customers' machinery within premises, across countries, or internationally. Revenue driven by project contracts for semiconductor, EV battery, LCD panel, and solar PV manufacturing plant relocations. Major contributor with S$79.3 million revenue in FY2025, representing 49% growth year-on-year.
2. Third Party Logistics (3PL) Services: Comprising packing, crating and packaging to OEM standards, local and cross border trucking, distribution, freight forwarding, non-bonded and bonded warehousing (with in-house Customs clearance), cargo management and last mile services. Cross-border trucking services spanning Singapore through Malaysia, Thailand, Vietnam into PRC.
3. Technical & Engineering Services: Covering design, fabrication and installation of steel structures, mechanical and electrical installations, hook-up for production facilities, parts refurbishment, engineering and spares support, facilities management and maintenance, contract manufacturing, process engineering services, scaffolding equipment and services, and solar panel installation. Includes ISO certified operations for medical device distribution.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Chasen Holdings provides specialist relocation of sensitive manufacturing machinery and equipment (semiconductor, EV battery, TFT LCD, OLED and solar plants), combined with third-party logistics (packing, warehousing, cross-border trucking, freight forwarding) and technical and engineering services (steel fabrication, mechanical/electrical installation, scaffolding, precision machining, contract manufacturing and solar panel installation) to industrial customers across seven countries.

Product overview

Chasen Holdings is a global integrated logistics service provider offering three core service lines: Specialist Relocation Services (relocating sensitive machinery and equipment for semiconductor, TFT LCD, solar panel and other electronics manufacturers), Third Party Logistics (3PL) Services (packing, warehousing, freight forwarding, and cross-border trucking across Southeast Asia and China), and Technical & Engineering Services (steel fabrication, mechanical/electrical installation, precision machining, scaffolding, and solar panel installation). The company operates through a network of operational subsidiaries across Singapore, Malaysia, PRC, Vietnam, Timor-Leste, Thailand, and USA. Notable subsidiaries include REI Technologies (turnkey relocation solutions), REI Promax Technologies (precision machining), Hup Lian Engineering (steel fabrication and solar installation), Goh Kwang Heng (scaffolding), and DNKH Logistics (freight forwarding).

Differentiator

Problem solved

Functional benefit

Products and services

• Specialist Relocation Services Provision of specialist manpower equipped with specialized material handling tools, equipment and vehicles to relocate sensitive machinery and equipment for semiconductor, EV battery, TFT LCD, OLED and solar panel manufacturers within premises, between locations within a country, or internationally. Includes cleanroom and raised-floor environment handling capabilities.
• Third Party Logistics (3PL) Services Packing, crating and packaging to OEM standards, local and cross-border trucking and distribution (including Singapore through Malaysia, Thailand, Vietnam into PRC), freight forwarding, bonded and non-bonded warehousing, in-house customs clearance, cargo management and last-mile delivery services.
• Technical & Engineering Services Design, fabrication and installation of steel structures, mechanical and electrical installations, hook-up for production facilities, parts refurbishment, facilities management and maintenance, contract manufacturing, process engineering services, scaffolding equipment and services, and solar panel installation.
• REI Technologies Pte Ltd – Turnkey Equipment Relocation & Cleanroom Solutions

Quantifiable outcome

• FY2025 Specialist Relocation revenue of S$79.3 million, representing 49% year-on-year growth
• +4 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• REI Technologies Pte LtdcoreStrategic or Co-development PartnerCLSG and REI Technologies Pte Ltd collaborated in building 100k cleanroom to house a Facilitized Refurbishment and Testing Centre (FRTC) and supporting logistics services for the refurbishment of wafer fab machine tools for a Japanese OEM. This partnership added turnkey relocation solutions capability to the Group's service offerings.

Scale indicators14 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• CEVA Logistics: Global 3PL and contract logistics provider (CMA CGM subsidiary) with strength in automotive, industrial, and consumer verticals. Comparable to Chasen in providing contract manufacturing logistics and project-based 3PL services across Asia.
• Agility Logistics: Kuwait-headquartered emerging-markets logistics and freight forwarding group with significant presence in the Middle East, Africa, and Asia. Comparable to Chasen as a regional 3PL operator serving manufacturing customers, with overlapping ASEAN footprint.
• Nippon Express Holdings: Japanese global logistics group with industrial relocation, plant moves, and heavy-cargo capabilities across Asia. Comparable to Chasen in serving semiconductor and manufacturing OEMs with project-based logistics, but at much larger scale and broader service portfolio.
• Yusen Logistics: Japan-based global contract logistics provider with strong ASEAN and electronics/semiconductor vertical expertise. Comparable to Chasen in serving high-tech OEMs with warehousing and freight forwarding, though at much larger scale and broader geographic reach.
• Kuehne+Nagel International: Swiss-headquartered global freight forwarder and contract logistics provider with significant project logistics and high-tech vertical capabilities. Comparable to Chasen as a freight forwarding and 3PL competitor for enterprise customers, though vastly larger.
• DHL Supply Chain: Global contract logistics leader (Deutsche Post DHL Group) with warehousing, transportation, and supply chain solutions across high-tech, automotive, and consumer verticals. Comparable to Chasen as a multinational 3PL competitor for enterprise OEMs.
• Kerry Logistics Network: Hong Kong-headquartered Asian contract logistics and freight forwarding provider with warehousing and integrated logistics across ASEAN. Comparable to Chasen in regional 3PL footprint and cross-border ASEAN-PRC freight, but operating at significantly larger scale.

Regional players

• Sinotrans Limited: China's largest logistics group, focused on freight forwarding, warehousing, and contract logistics across PRC and selected global markets. Comparable to Chasen in cross-border China-ASEAN freight and 3PL services, though concentrated in PRC rather than Southeast Asia.

Direct peers

• Sankyu Inc. Japanese logistics specialist with plant relocation, heavy machinery moving, and industrial engineering services for semiconductor and manufacturing customers. Closest direct peer to Chasen's specialist relocation business model, particularly in cleanroom and heavy-equipment moves.
• Hitachi Transport System (Logisteed): Japanese logistics specialist (now Logisteed after Hitachi divestment) with strong capabilities in plant relocation, heavy equipment moving, and electronics/semiconductor logistics. Closest peer to Chasen's specialist relocation and 3PL model in Asia.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/chasenholdings

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chasen Holdings