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OSIM International
The current OSIM logo, used since 2010
Company type
Privately held company
Industry
Wellness Technology, Healthcare
Founded
November 1980; 44 years ago (1980-11) in Singapore
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 (Chinese: 傲胜国际企业; pinyin: Àoshèng guójì qǐyè) 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.[7] Subsequently, the company expanded its operations to Hong Kong, Taiwan and Malaysia.[7]
In 1993, the company officially launched the brand name OSIM, [7] a combination of Sim, the surname of its founder, and 'O' which stands for the globe.[1] After rebranding, OSIM focused on health and lifestyle products and continued to expand across Asia.[6]
OSIM was listed on the Singapore Exchange in July 2000,[8][9] selling 25% of the company's shares at the time of listing.[6] The company subsequently de-listed in 2016.[9]
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.[8]
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.[5]
In March 2022, OSIM International, under the V3 Group, filed for listing on the Hong Kong Stock Exchange.[8]
From 2011 up to 2014, OSIM International was the Title Sponsor of the Badminton World Federation (BWF) World Super Series for all 13 events of the series.[24]
