The story
Founded by Ron Sim Chye Hock in 1980.1
In 1980, Singaporean entrepreneur Ron Sim founded R Sim trading, a company dedicated to the sale of home goods, kitchen utensils, wooden massagers and reflexology rollers in Singapore. In 1983, the company opened its first store. Subsequently, the company expanded its operations to Hong Kong, Taiwan and Malaysia.
In 1993, the company officially launched the brand name OSIM, a combination of Sim, the surname of its founder, and 'O' which stands for the globe. After rebranding, OSIM focused on health and lifestyle products and continued to expand across Asia.
OSIM was listed on the Singapore Exchange in July 2000, selling 25% of the company's shares at the time of listing. The company subsequently de-listed in 2016.
In March 2016, Ron Sim, offered to buy out shares of OSIM to take the company private once again. This followed a significant drop in the company's net income.
In 2018, OSIM applied to be listed in the Hong Kong Stock Exchange. However, the plan was aborted due to perceived intense volatility in the market.
In 2021, OSIM was recognized by Deloitte as one of the Best Managed Companies in Singapore. Also in 2021, OSIM expanded to new product categories such as in beauty and gaming.
In March 2022, OSIM International, under the V3 Group, filed for listing on the Hong Kong Stock Exchange.
From Wikipedia’s article on Osim International, shared under CC BY-SA 4.0.5