The Singapore unit formed a joint venture with Low Keng Huat and was awarded a contract as a main contractor for a residential housing estate project in 1994.

The scandal later led to Hong Kong Institute of Certified Public Accountants (HKICPA) sue its own sub-committee.

HKICPA demanded in the court to authorize themselves to re-elect a new board for the sub-committee, and restart the disciplinary investigation .

In 1997 the listed company was acquired by the Hong Kong division of China Ocean Shipping (Group) Corporation (COSCO).

[8] After the acquisition, the listed company, known as COSCO International at that time, engaged in real estate, civil construction and provides services for ship.

[10] In 2001, COSCO International was the developer of Broadview Court, a public housing estates in Wong Chuk Hang (Private Sector Participation Scheme).

[11] The client of the project is the Housing Authority, while the estate was sold to the general public as part of the Home Ownership Scheme.