Azeus Systems Holdings Ltd.
 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 |
| Industry | Information technology |
| Founded 📆 | 1 January 1991 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 |
|
| Revenue🤑 |  HK$217 million[1] (2022) |
| HK$49 million[1] (2022) | |
| HK$48 million[1] (2022) | |
| Total assets | HK$259 million[1] (2022) |
| Total equity | HK$154 million[1] (2022) |
| Members | |
Number of employees |
|
| Parent | Mu Xia Ltd. |
| 🌐 Website | www |
| 📇 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]
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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]
- ↑ 1.0 1.1 1.2 1.3 1.4 "Azeus Annual Report" (PDF). Azeus Annual Report 2022. Azeus.
- ↑ "About Azeus". Retrieved 2023-01-19.
- ↑ "About Lee Wan Lik" (PDF). Chartered Governance Hong Kong. Unknown parameter
|url-status=ignored (help) - ↑ "Check out Azeus Systems Holdings Ltd's stock price (AZEU-SG) in real time". CNBC. Retrieved 2023-01-21.
- ↑ "AZEU.SI – | Stock Price & Latest News | Reuters". www.reuters.com. Retrieved 2023-01-19.
- ↑ "Azeus Convene Overview 2023". boardroomsoft.com. Retrieved 2023-01-19.
- ↑ "Azeus Convene IT Europa 2018". ITWeb. 1 June 2018. Retrieved 2023-01-17.
- ↑ "Azeus Asia-Pacific Stevie Awards 2018". ITWeb. 25 April 2018. Retrieved 2023-01-17.
- ↑ "Azeus IT Europa and Asia-Pacific Stevie Awards 2018". PICANTE Today – Hot News Today. 31 July 2018. Retrieved 2023-01-17.
- ↑ BMPlus (4 November 2021). "Azeus Systems ConveneAGM". BusinessMirror. Retrieved 2023-01-19.
- ↑ "Azeus appoints new chief executive officer". www.businesstimes.com.sg. Retrieved 2023-01-19. Unknown parameter
|url-status=ignored (help) - ↑ "Azeus announces Michael Yap as new Chief Executive Officer". Orange Magazine. Unknown parameter
|url-status=ignored (help) - ↑ Russell, George (13 May 2022). "Hong Kong to Overhaul Its Data System". Asia Financial. Retrieved 2023-01-19.
- ↑ www.ETBrandEquity.com. "Azeus Convene appoints Kapil Lad as the head of global marketing, ET BrandEquity". ETBrandEquity.com. Retrieved 2023-01-17.
- ↑ "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.
- ↑ "The Trend Of High Returns At Azeus Systems Holdings (SGX:BBW) Has Us Very Interested". finance.yahoo.com. Retrieved 2023-01-19.
- ↑ 17.0 17.1 "Azeus System Leadership" (PDF). Unknown parameter
|url-status=ignored (help) - ↑ "List Of Subsidiaries" (PDF). Unknown parameter
|url-status=ignored (help) - ↑ "Lists Of Annual Reports". Retrieved 2023-01-19. Unknown parameter
|url-status=ignored (help) - ↑ "Statistics Of Shareholdings" (PDF). Unknown parameter
|url-status=ignored (help)
External links[edit]
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