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Ten-League International Holdings Limited serves contractors and other businesses that need heavy equipment for construction, infrastructure, foundation and port projects. It usually buys equipment after securing a customer commitment, while stocking selected popular models. Equipment and parts sales generate most of its revenue. Customers can also pay to rent equipment from its fleet or have its engineering team customize and upgrade equipment they buy or rent; rentals are the larger of these two supporting businesses.
Almost all revenue comes from Singapore customers, many involved in infrastructure and government projects. Orders depend on customers winning projects and having the funds to buy or rent equipment, rather than on long-term customer contracts. A small group of major customers supplies a substantial share of revenue.
Ten-League buys substantially all its heavy equipment from SANY, making continued access to that supplier central to its business. Its distribution arrangements are non-exclusive: SANY can sell directly to Singapore customers or appoint other distributors, and the arrangements can be terminated or require agreed renewal.
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Ten-League International Holdings Limited’s results hinge on Singapore’s construction, infrastructure and port-equipment spending, and on SANY, which supplies substantially all of its heavy equipment.
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