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About Wearnes

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Our Vision & Mission Statements

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Subsidiaries / Associates

 

1906
C.F.F. Wearne and Co founded on 1 April 1906 by two brothers Charles and Theodore Wearne. They set up the motorcar agency with $700 in capital.

1912
On 23 November 1912, C.F.F. Wearne and Co became a public company under the name of Wearne Brothers Limited with a capital of $275,000.

1924
Subsidiary companies formed to handle different car agencies. Malayan Motors opened its doors at Orchard Road, handling all car makes except Ford.

1926
When the company celebrated its 20th anniversary, it already has more than 1,000 staff under its employment, with operations in Burma, Malaya and the Straits Settlements.

1937
Wearne Brothers launched the first commercial air service between Singapore and Malaya with Wearnes Air Services.

1950
A subsidiary, General Transport Company, led the way in public transport and introduced three double-decker bus services.

1965
Wearne Brothers Limited became a holding company, all trading activities were carried out by wholly owned subsidiaries.

1974
Mr Tan Chin Tuan appointed Chairman of the company, and intensified efforts to diversify the company’s businesses.

1983
Tan Sri Tan Chin Tuan retired, Mr Tang I-Fang took over as Chairman. The company took advantage of its strong financial position to diversify into new, profitable businesses at home and abroad.

1986
Wearnes computers designed by its Wearnes Technology subsidiary Advanced Logic Research (ALR) enjoyed impressive sales.

1989
Wall Street Journal named Wearnes as one of the 66 companies of the future “that could make our world different tomorrow”.
Chairman Tang I-Fang wins “Businessman Of the Year” Award.

1990
Wearne Brothers was one of the first Singapore companies to venture into Shenyang, China.

1994
Wearne Brothers Limited was renamed WBL Corporation Limited.

2003
Group turnover crossed $1 billion mark for the first time.

2004
Group records revenue of $1.8 billion and second highest net profit of $66m under Chairman Tang’s leadership.
Mr Tan Choon Seng appointed new Group CEO.

2005
Wearnes streamlined its businesses into three core divisions: Technology Manufacturing, Technology Solutions and Automotive Distribution.

2006
Wearnes celebrated its centennial on 1 April 2006
Mr Tang I-Fang retired; Mr Wong Nang Jang took over as Chairman

2007
Wearnes streamlined its Investment portfolio – divestment of biomedical and water treatment businesses
Wearnes announced joint venture with Government of Singapore Investment Corporation (GIC) Real Estate on property development in Shenyang

 
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