Welcoming Five New Associate Members to SBMA in Q3 2024
Thu Sep 26 2024
The Singapore Bullion Market Association (SBMA) is delighted to welcome five new companies as corporate members this quarter, reflecting the continued growth of our association and the expansion of Singapore’s role as a leading precious metals hub in Asia Pacific. These new members bring a wealth of expertise and international experience to our vibrant community, further enhancing collaboration within the industry.
About Our New Members:
Hua Seng Heng Singapore Co., Ltd
Established in 1951 on Yaowarat Road, Hua Seng Heng has a long-standing history in gold trading. Expanding its presence to Singapore in 2013, Hua Seng Heng Singapore Co., Ltd was launched to serve as a trading hub for gold investment, connecting with markets across Asia and beyond.
Hua Seng Heng has joined SBMA as a Local Associate.
Nihon Material Co., Ltd is accredited by the LBMA (London Bullion Market Association) and LPPM (London Platinum and Palladium Market). Founded in 1992, the company focuses on refining, manufacturing bullion and precious metals products, and trading.
Nihon Material has joined SBMA as a Foreign Associate.
Based in Bulgaria, Bulmint is a private mint specialising in processing precious metals and producing investment and collector’s products. Founded in 2004, Bulmint quickly established itself as a leading manufacturer of high-quality coins, medals, and investment products.
Bulmint has joined SBMA as a Foreign Associate.
Founded in 1972, Sun Yip Hong Gold Dealers Ltd. is a Hong Kong-based company that trades, manufactures, markets, and collects scrap precious metals, including gold, silver, platinum, and palladium.
Sun Yip Hong Gold Dealers has joined SBMA as a Foreign Associate.
MIND ID Trading is part of the Mining Industry Indonesia (MIND ID), a state-owned mining industry holding company. Formerly known as Indometal Corporation (Asia Pacific), it engages in trading and marketing precious metals.
MIND ID Trading has joined SBMA as a Local Associate.
Expanding SBMA’s Membership Base
With the addition of these five companies, SBMA’s membership now totals 74 members, comprising:
We are excited about the valuable contributions these new members will bring to SBMA and the broader precious metals community. Their expertise and global reach will further strengthen SBMA’s mission to advance Singapore’s standing as a premier precious metals hub.
For more information on SBMA membership and how to join our growing community, please visit SBMA Membership. We look forward to working together to shape the future of the precious metals industry.
Source: https://sbma.org.sg/