Advanced Holdings Ltd1 designs and supplies process equipment and technologies to cater to the different needs of its customers in the petrochemicals and chemicals, oil and gas, power generation and micro-electronics industries. The Company operates in three divisions: process equipment and technologies division; clean energy division (equipment & technologies), and environmental technologies division. Its major subsidiaries include Advanced Controls Pte Ltd, Advanced Controls (M) Sdn. Bhd., Advanced Controls (China) Ltd, Advanced Environmental Technologies Pte. Ltd., Advanced Clean Energy Pte. Ltd., Advanced Engineering Holdings Pte. Ltd. and Advanced Process Equipment (Thailand) Co., Ltd. On May 23, 2007, the Company acquired 51.2% equity interest in Guided Wave Incorporated. In May 2008, the Company announced that it has incorporated a wholly owned subsidiary, Advanced Water Engineering Pte. Ltd. (AWE) in Singapore.
- August 14, 2008 - Advanced Hldgs' Q2 profit falls 27%2