Corporate Milestones

YEAR EVENT
2001 4 Oct -DeGem's listing on the second board of KLSE.

3 Dec -DeGem acquired 80% shareholding in Titanpuri Sdn Bhd.
2003 13 Mar -DeGem completed bonus issue of 21.0 million new ordinary shares of RM1.00 each on the basis of 1 for 2.

11 Jun -Transfer of DeGem's listing from the second board to the main board of KLSE.

3 Nov -DeGem set up Diamond & Platinum (B) Sdn Bhd, 80% owned by DeGem to penetrate the market in Brunei Darussalam.

12 Nov -Diamond & Platinum Sdn. Bhd. ("D&P"), 60% owned by DeGem, subscribed 99.99% shareholding in Venus Diamond Sdn Bhd to enable another outlet to be operated under the D&P chain.

5 Dec -DeGem re-organised Diamond & Platinum (B) Sdn Bhd to be operated under Diamond & Platinum Sdn Bhd.
2004 7 May -Diamond & Platinum Sdn. Bhd., 60% owned by DeGem, acquired remaining shareholding of D&P2 Jewellery Sdn. Bhd. (formerly known as Venus Diamond Sdn. Bhd.).

9 Aug -DeGem completed subdivision of ordinary shares of RM1.00 each in DeGem into ordinary shares of RM0.50 each ("Share Split").
2005 1 Mar -DeGem acquired remaining 40% equity interest of Diamond & Platinum Sdn Bhd.
2006 2 May -P.Y.T Jewel & Time Sdn. Bhd., a wholly-owned subsidiary of DeGem and its subsidiaries, disposed showrooms located at Petaling Jaya SS2, Selangor and Subang Jaya, together with certain inventories and fixed assets.

1 Aug -DeGem acquired 100% equity interest of Rancak Riang Sdn. Bhd.

4 Sep -Rancak Riang Sdn Bhd, wholly-owned subsidiary of DeGem, acquired 100% equity interest of Grandmax Corporation Limited ("GCL"), Hong Kong. The primary business of GCL shall be to create and design new range of jewellery especially for the overseas market. GCL shall develop new markets for the Degem Group through the establishment of distribution network targeting consumers in the Middle East, United States and Europe.

4 Sep -Rancak Riang Sdn Bhd, wholly-owned subsidiary of DeGem, acquired 100% equity interest in Fareway International Limited ("FIL"), Hong Kong. FIL is involved in the manufacturing of jewellery. FIL shall complement and enhance the efficiency of Degem's current manufacturing operation in Malaysia through lower cost of production. FIL shall produce the low to mid price jewellery range and for Grandmax Corporation Limited.

4 Sep -Inticraft Sdn. Bhd., wholly-owned subsidiary of DeGem, acquired 70.0% equity interest of Solireno Sdn. Bhd. which is involved in the manufacturing and trading in gold jewellery.

2 Oct -DeGem's wholly-owned subsidiaries, Jewelmart International Sdn. Bhd. (formerly known as Rancak Riang Sdn. Bhd.) and Degem Masterpiece Sdn. Bhd. acquired 60% equity interest In Degem Masterpiece Pte. Ltd. as part of the Group's expansion plan to venture into the Singapore market.

12 Nov - Jewelmart International Sdn. Bhd. (formerly known as Rancak Riang Sdn. Bhd.)("Jewelmart"), wholly-owned subsidiary of Degem acquired 60% equity interest in Meca Jewellery Limited ("MECA") as part of the Group's expansion programme to penetrate in the European jewellery retail business.
2007 22 Oct -Jewelmart International Sdn. Bhd. (formerly known as Rancak Riang Sdn. Bhd.)("Jewelmart"), wholly-owned subsidiary of DeGem invested HK$6.39 million in Grandmax Corporation Limited ("GCL") by subscribing additional shares in GCL. The funds would enable GCL to have funds to develop new markets for the Degem Group through the establishment of distribution network targeting consumers in the middle East, United States and Europe.

12 Nov -Jewelmart International Sdn. Bhd. (formerly known as Rancak Riang Sdn. Bhd.)("Jewelmart"), wholly-owned subsidiary of Degem acquired 60% equity interest in Meca Jewellery Limited ("MECA") as part of the Group's expansion programme to penetrate in the European jewellery retail business.
2008 29 Feb -Diamond & Platinum Sdn. Bhd. ("D&P"), wholly-owned subsidiary of DeGem, set up Diamond & Platinum Pte. Ltd. ("DPPL"), in Singapore to expand its products to wider range of customers.
2009 10 Jan -Jewelmart International Sdn. Bhd., wholly-owned subsidiary of DeGem, set up Jewel2Cash Pte. Ltd, in Singapore to venture into pawnbroking business in Singapore.

20 Nov - The Group embarked on a share buyback programme in 20 November 2009 to actively manage its capital.
2010 30 Apr -DeGem's wholly-owned subsidiary, Jewelmart International Sdn. Bhd, acquired two (2) Ordinary Shares of SGD1-00 each representing 100% equity interest in Degem Prestige Pte. Ltd. for the purpose of trading in diamond and jewellery in Singapore.

1 May -The Group embarked on a share buyback programme since 20 November 2009 to actively manage its capital. A total of 1,527,100 ordinary shares have been bought from the open market to improve the Company's earnings per share and return on equity.
2013 31 Oct - DeGem’s wholly owned subsidiary company, P.Y.T. JEWEL & TIME SDN. BHD. acquired a company named DEPADDLE SDN. BHD. ("DSB"), to venture into on-line trading and retailing in all kinds of jewelleries and precious stones.
2014 28 May – DeGem ventured into e-commerce, with the launch of JEOEL, a new business unit, aiming to fulfil the fashion needs of young women for fine jewellery, with natural gemstones.