---
title: "HGH Holdings Accelerates Concrete Growth, Diversifies Into Agri-Tech and Reshapes Strategic Partnerships"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284423089.md"
description: "HGH Holdings Ltd. has reported significant growth in its ready-mix concrete segment, with revenue increasing from $5.3 million to $25.8 million and a profit of $2.6 million following the commissioning of a new batching plant. The company is diversifying by acquiring a 13.5% stake in agri-tech firm Cool Farms Holdings and divesting a 20% stake in Premium Concrete Pte. Ltd. to enhance strategic partnerships. Despite impairing a $9 million investment in Poh Huat Heng Corporation, the board remains confident in its capabilities and project pipeline."
datetime: "2026-04-28T16:23:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284423089.md)
  - [en](https://longbridge.com/en/news/284423089.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284423089.md)
---

# HGH Holdings Accelerates Concrete Growth, Diversifies Into Agri-Tech and Reshapes Strategic Partnerships

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HGH Holdings Ltd. ( (SG:5GZ) ) has shared an update.

HGH Holdings has significantly scaled up its ready-mix concrete segment, with revenue rising from $5.3 million to $25.8 million and a loss turning into a $2.6 million profit after commissioning a new batching plant, which reached over 80% utilisation. Management attributes the turnaround to increased capacity, economies of scale, strong operational support for underground cable projects, a focus on niche civil engineering markets and customised solutions for key clients.

Despite fully impairing its $9 million investment in Poh Huat Heng Corporation, the board maintains confidence in the subsidiary’s technical capabilities and ongoing project pipeline, and continues regular strategic reviews of the business. The company is also diversifying via a 13.5% stake in agri-tech firm Cool Farms Holdings, viewing it as a measured, minority exposure to an emerging sector aligned with regional demand for sustainable food systems and Singapore’s food security priorities, without materially increasing group risk.

In parallel, HGH is divesting a 20% stake in Premium Concrete Pte. Ltd. to industry veteran Lim Kui Teng at an implied $12 million equity valuation, informed but not driven by an earlier independent valuation. The board expects this partial disposal to deepen strategic ties with Lim’s Chuan Lim Construction, creating operational synergies in truck maintenance, raw material supply, waste collection and concrete sales, thereby reinforcing Premium Concrete’s market position while optimising the group’s capital and partnerships.

**More about HGH Holdings Ltd.**

HGH Holdings Ltd., incorporated in Singapore, operates in the construction-related materials and services sector, with a focus on ready-mix concrete production and related civil engineering support. Through subsidiaries such as Premium Concrete Pte. Ltd. and Poh Huat Heng Corporation Pte. Ltd., the group serves niche segments in civil engineering, including underground cable installation and road reinstatement, and targets projects that are less attractive to larger players.

The group positions itself as a nimble, cost-efficient supplier that emphasises operational agility, lean overheads and customised solutions for key customers. Its ready-mix concrete operations are supported by an in-house batching plant and strategic relationships across the construction value chain, allowing it to respond quickly to customer needs while maintaining cost discipline and competitive pricing.

**Average Trading Volume:** 13,287,279

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** S$32.06M

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