You can edit almost every page by Creating an account. Otherwise, see the FAQ.

Azeus Systems Holdings Ltd.

From EverybodyWiki Bios & Wiki

Azeus Systems Holdings Ltd.
File:Azeus.png HK 港島東區 Eastern District 炮台山 Fortress Hill 英皇道 King's Road 大強街 Power Street Olympia Plaza North Point Centre January 2021 SS2 01.jpg
Azeus Headquarters Located in Olympia Plaza North Point Hong Kong
Public company
Traded as
ISIN🆔BMG075391109
IndustryInformation technology
Founded 📆1 January 1991; 33 years ago (1991-01-01) in Hong Kong
Founder 👔Lee Wan Lik
Headquarters 🏙️22/F Olympia Plaza 255 King's Road North Point, Hong Kong
Area served 🗺️
Worldwide
Key people
  • Michael Yap
    (chairman and CEO)
  • Lee Wan Lik
    (managing director and chairman)
Revenue🤑 Increase HK$217 million[1] (2022)
Increase HK$49 million[1] (2022)
Increase HK$48 million[1] (2022)
Total assetsIncrease HK$259 million[1] (2022)
Total equityIncrease HK$154 million[1] (2022)
Members
Number of employees
  • Increase 412 (2022)
  • 385 (2021)
ParentMu Xia Ltd.
🌐 Websitewww.azeus.com
📇 Address
📞 telephone

Azeus Systems Holdings Ltd. is a Bermuda investment holding company for the Azeus brand. Its headquarters is located in Hong Kong and it has operations in various countries and regions. The company focuses on software development; it is the core on why the company operates its day-to-day activities. It operates within two segments: products and services.[2]

History[edit]

Azeus was founded in Hong Kong in 1991. Its founder is Lee Wan Lik, Lee graduated from the Massachusetts Institute of Technology.[3] The company started with just three employees, from 1992 to 2009 the company mainly developed software applications for different organizations, one of its early client is the Hong Kong Government.

In 2004 Azeus Systems filed for Initial public offering and become a public company It is currently listed in Singapore Stock Exchange.[4][5] By 2010 Azeus started developing its own in house software called Azeus Convene.[6]

Azeus Systems received awards from both Asia Pacific Stevie Awards and IT Europa Awards 2018.[7][8][9] Azeus launches ConveneAGM in September 2021.[10] On 15 March 2022, Azeus announced the appointment of Michael Yap, a former independent director of the company and the current deputy chairperson, as its new CEO.[11][12]

In May 2022, Azeus built a record keeping system for the Hong Kong Government.[13] Azeus onboarded Kapil Lad as the Head Of Global marketing based in India in June 2022.[14] Yahoo published an article on December 2022 regarding Azeus Systems holdings ownership where 53% are accounted for private companies and insiders account accounted for 31% it is also stated that it is less common for large companies to lack institutional investors.[15]

In January 2023 there was a trend of high returns at Azeus Systems due to an increase in its return on capital employed. Azeus was continuously reinvesting its earnings into its business; returns on capital employed measures the return (pre-tax profit) a company generates from capital employed in its business.[16]

Azeus Systems United States office located at 40 Wall Street (Trump Building) in New York
Azeus Systems Philippines office located at Tektite Building Ortigas Center, Pasig City

Corporate affairs[edit]

Leadership[edit]

Board of directors[edit]

As of June 2022 the board of directors of Azeus Systems includes:[17]

  • Lee Wan Lik (executive chairman and director)
  • Michael Yap Kiam Siew (chief executive officer and deputy chairman)
  • Stephen Ho Chiming (lead independent director)
  • Koji Miura (independent director)
  • Chan Ching Chuen (independent director)

Senior management[edit]

As of June 2022 the management of Azeus Systems includes:[17]

  • Stephen Ma (vice president)
  • Eleanor Jim (vice president)
  • Jerry Chua (director of azeus Philippines)
  • Rene Toling Lindio (chief technology officer)
  • Mary Rose T. Tan (president of azeus Philippines)
  • Peggy Sam (group financial controller)

Subsidiaries[edit]

Azeus Systems lists of subsidiaries:[18]

Corporate name Place of incorporation Principal activities Functional currency Percentage of ownership
Azeus Systems Limited Hong Kong Provision of IT services and selling software and cloud based subscription services HKD 100%
Azeus Systems Manila BVI Ltd. British Virgin Islands Investment Holding USD 100%
Azeus UK Limited United Kingdom Provision of IT services and selling software and cloud based subscription services GBP 100%
Convene SG Pte Ltd Singapore Provision of IT services and selling software and cloud based subscription services SGD 100%
Convene Pty Ltd Australia Selling software and cloud based subscription services AUD 100%
Convene Malaysia Sdn Bhd Malaysia Selling software and cloud based subscription services MYR 100%
Azeus Convene (BVI) Limited British Virgin Islands Investment Holding USD 100%
Convene, Inc United States Of America Selling software and cloud based subscription services USD 100%
Azeus Systems Philippines, Inc. Philippines Dormant PHP 100%
Azeus Systems Philippines Limited Philippines Software Development PHP 100%
Azeus Systems (Dalian) Co., Ltd People's Republic of China Software Development CNY 100%
Convene UK Limited United Kingdom Dormant GBP 100%
Convene Hong Kong Limited Hong Kong Dormant HKD 100%
Convene DWC LLC Dubai Selling software and cloud based subscription services AED 100%
Convene India Private Limited India Selling software and cloud based subscription services INR 100%
Convene (SAAS) Ireland Ireland Selling software and cloud based subscription services EUR 100%
Convene Sociedad Limitad Spain Selling software and cloud based subscription services EUR 100%

Finances[edit]

For the fiscal (and calendar) year 2022, Azeus Systems reported a net income of HK$48,450 million. The annual revenue was HK$217.658 million, an increase of 22.2% over the previous fiscal year. Below is the lists of revenue, net income, loss and total assets from 2005 to 2022.[19]

Year Revenue
(mil. HKD)
Net income / loss
(mil. & thou. HKD)
Total assets
(mil. HKD)
2005 60,542 13,938 123,979
2006 85,959 15,662 132,532
2007 92,300 10,670 125,047
2008 75,390 7,191 123,222
2009 76,370 778 117,744
2010 93,517 10,417 131,161
2011 85,929 3,422 121,947
2012 111,886 10,425 135,748
2013 116,738 31,126 164,631
2014 169,995 18,626 144,202
2015 124,980 3,690 130,928
2016 111,788 1,345 126,935
2017 97,893 −21,607 106,714
2018 102,360 1,865 118,706
2019 147,834 12,633 143,588
2020 181,234 12,670 172,619
2021 178,065 21,659 222,071
2022 217,658 48,450 259,537

Ownership[edit]

Mu Xia Ltd. has the largest ownership percentage with 51% making it the Parent Company of Azeus Systems Holdings Ltd. Lists of Azeus Systems largest ownership and statistics of shareholdings.[20]

No Name No. Of Shares Percentage (%)
1 Mu Xia Ltd 15,300,000 51.00
2 Lee Wan Lik 8,032,132 26.77
3 Lam Pui Wan 1,400,000 4.67
4 ABN AMRO Clearing Bank N.V. 1,378,100 4.59
5 Khoo Teik Liang 559,000 1.86
6 Est of Ong Kim Kiat, Dec’d 319,000 1.06
7 Est Of Lim Chee Neo Lucy @Carol Lim, Dec’d 299,000 1.00
8 Tan Wey Ling 256,500 0.86
9 Citibank Nominees Singapore Pte Ltd 187,900 0.63
10 DBS Nominees (Private) Limited 150,000 0.50
11 Maybank Securities Pte. Ltd. 139,900 0.47
12 Lim Guan Teck 106,200 0.35
13 Tham Wai Fong 103,700 0.35
14 Lim Guan Chiang 85,000 0.28
15 Tao Wing Hong 78,975 0.26
16 Leong Chee Keng 77,890 0.26
17 OCBC Nominees Singapore Private Limited 65,200 0.22
18 Phillip Securities Pte Ltd 60,000 0.20
19 Yong Fah Kiem 60,000 0.20
20 Lim & Tan Securities Pte Ltd 58,500 0.20
Total 28,716,997 95.73

References[edit]

  1. 1.0 1.1 1.2 1.3 1.4 "Azeus Annual Report" (PDF). Azeus Annual Report 2022. Azeus.
  2. "About Azeus". Retrieved 2023-01-19.
  3. "About Lee Wan Lik" (PDF). Chartered Governance Hong Kong. Unknown parameter |url-status= ignored (help)
  4. "Check out Azeus Systems Holdings Ltd's stock price (AZEU-SG) in real time". CNBC. Retrieved 2023-01-21.
  5. "AZEU.SI – | Stock Price & Latest News | Reuters". www.reuters.com. Retrieved 2023-01-19.
  6. "Azeus Convene Overview 2023". boardroomsoft.com. Retrieved 2023-01-19.
  7. "Azeus Convene IT Europa 2018". ITWeb. 1 June 2018. Retrieved 2023-01-17.
  8. "Azeus Asia-Pacific Stevie Awards 2018". ITWeb. 25 April 2018. Retrieved 2023-01-17.
  9. "Azeus IT Europa and Asia-Pacific Stevie Awards 2018". PICANTE Today – Hot News Today. 31 July 2018. Retrieved 2023-01-17.
  10. BMPlus (4 November 2021). "Azeus Systems ConveneAGM". BusinessMirror. Retrieved 2023-01-19.
  11. "Azeus appoints new chief executive officer". www.businesstimes.com.sg. Retrieved 2023-01-19. Unknown parameter |url-status= ignored (help)
  12. "Azeus announces Michael Yap as new Chief Executive Officer". Orange Magazine. Unknown parameter |url-status= ignored (help)
  13. Russell, George (13 May 2022). "Hong Kong to Overhaul Its Data System". Asia Financial. Retrieved 2023-01-19.
  14. www.ETBrandEquity.com. "Azeus Convene appoints Kapil Lad as the head of global marketing, ET BrandEquity". ETBrandEquity.com. Retrieved 2023-01-17.
  15. "Private companies account for 53% of Azeus Systems Holdings Ltd.'s (SGX:BBW) ownership, while insiders account for 31%". finance.yahoo.com. Retrieved 2023-01-20.
  16. "The Trend Of High Returns At Azeus Systems Holdings (SGX:BBW) Has Us Very Interested". finance.yahoo.com. Retrieved 2023-01-19.
  17. 17.0 17.1 "Azeus System Leadership" (PDF). Unknown parameter |url-status= ignored (help)
  18. "List Of Subsidiaries" (PDF). Unknown parameter |url-status= ignored (help)
  19. "Lists Of Annual Reports". Retrieved 2023-01-19. Unknown parameter |url-status= ignored (help)
  20. "Statistics Of Shareholdings" (PDF). Unknown parameter |url-status= ignored (help)

External links[edit]


This article "Azeus Systems" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Azeus Systems. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.