Osim International Explained

OSIM International
Type:Privately held company
Industry:Wellness Technology, Healthcare
Foundation: in Singapore
Founder:Ron Sim
Location Country:Singapore
Location:65 Ubi Avenue 1, 408939[1]
Key People:Ron Sim (Chairman), Charlie Teo (CEO),[2] Lynn Tan (Deputy CEO),[3] Mindy Wang (Deputy CEO)
Products:well-being chairs, massage chairs, massage products, wellness devices, health measurement products and beauty devices, gaming chairs

OSIM International Pte Ltd is a Singapore-based company that manufactures wellness technology and lifestyle products such as well being chairs, massage chairs and sofas, slimming belts, and pulse massagers.[4] The company also recently ventured to manufacturing gaming chairs and electronic products related to gaming, virtual reality and beauty and fitness.[5]

Company History

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.[6] In 1983, the company opened its first store. Subsequently, the company expanded its operations to Hong Kong, Taiwan and Malaysia.[7]

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,[8] [9] 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.[10] [11]

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.[12] 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.

Product Categories

Ambassadors

Awards

Extension Programs

External links

Notes and References

  1. Web site: Singapore Business Directory . 2022-12-09 . Singapore Business Directory . en-US.
  2. Web site: Winners announced for the second edition of Singapore Best Managed Companies awards program Deloitte Singapore Deloitte Private Press releases . Deloitte Singapore . en.
  3. Web site: 2021-04-12 . OSIM's uDream Wins Red Dot Award: Product Design 2021 . justsaying.ASIA . en-US.
  4. Web site: OSIM Massage-Chair Owner Plans Hong Kong IPO . P.R. . Venkat . Alec . Macfarlane . The Wall Street Journal . www.wsj.com . 2017-01-19.
  5. Web site: Chevi . Deepa . 2021-10-01 . OSIM fronts virtual ambassador Rae in new campaign as part of VR pivot . www.marketing-interactive.com . en-gb.
  6. Web site: Ambler . Pamela . 2019-09-02 . The Billionaire Who Welcomed The Barbarians At His Gate: To Improve His Company, Ron Sim Knew KKR Was His Best Hope . Forbes . en.
  7. Web site: Tong . Van . 2022-03-02 . TWG parent V3 Group to launch Hong Kong IPO . Inside Retail . en-US.
  8. Web site: From Osim to V3: The phoenix rises? . Chew . Sutat . The Edge Singapore . www.theedgesingapore.com . 2022-03-03.
  9. Web site: 2022-03-01 . Ron Sim's V3, which owns Osim, files for Hong Kong IPO The Straits Times . www.straitstimes.com . en.
  10. News: Chanjaroen . Chanyaporn . 2016-04-05 . Osim CEO Lifts Offer for Massage-Chair Maker to $241 Million . en . Bloomberg.com .
  11. Web site: Hwee Hwee . Tan . 2016-03-07 . OSIM chief offers to buy out the company at S$1.32 per share . www.businesstimes.com.sg.
  12. Web site: 6 firms awarded in Deloitte's inaugural Singapore's Best Managed Companies . Singapore Business Review. 2 July 2021 .
  13. Web site: Massager OSIM uPamper 2 . Red Dot.
  14. Web site: 《ELLE DECORATION家居廊》Best of year展览，让"侬屋里"变聪明-美通社PR-Newswire . www.prnasia.com . zh-cn.
  15. Web site: OSIM uDream, OSIM International Pte. Ltd. / Singapore . DFA Awards Online Showcase . en.
  16. Web site: Massage Chair OSIM uDream . Red Dot.
  17. Web site: Best Managed Companies Awards 2021 Deloitte Singapore Deloitte Private . Deloitte Singapore . en.
  18. Web site: read. Zed B. W. ·TechWellness··3 min. 2021-11-26. OSIM Wins First-Ever CES Innovation Award For Its Smart DIY Massage Chair. 2022-01-24. justsaying.ASIA. en-US.
  19. Web site: Innovation Award Honorees . www.ces.tech.
  20. Web site: Zed . B.W. . 2021-11-26 . OSIM Wins First-Ever CES Innovation Award For Its Smart DIY Massage Chair . justsaying.asia . en-US.
  21. Web site: OSIM . enterprisesg.com.
  22. Web site: 2008-11-12 . Hong Kong Asian Cup this weekend . World Triathlon . en.
  23. Web site: OSIM International Limited Supports Another Local Endurance Sports Event . Sport Singapore . en.
  24. Web site: ESG Secures Osim for BWF World Superseries . ESG . www.enterprisesg.com . 5 December 2010 .
  25. Web site: Ganesan . Deepanraj . 2015-04-06 . Athletics: OSIM on board for the long run as Sundown Marathon sponsor The Straits Times . www.straitstimes.com . en.

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