Springview Holdings (NASDAQ:SPHL) said on January 5, 2026 that its Singapore subsidiary, Springview Enterprises, signed an exclusive distribution agreement with Future Faith Pte. Ltd. to distribute premium hardwood and sawn timber in Singapore.
The arrangement covers marketing, sales and customer development and is positioned as an asset-light entry into the building materials market in Singapore without any equity acquisition or upfront payment by Springview.
Future Faith sources African hardwood logs from concession areas in the Democratic Republic of Congo and European Ash sawn timber processed in Vietnam.
The company currently supplies customers in markets including China, Hong Kong, Vietnam, Japan, and Dubai.
This strategic move expands Springview's presence in the Southeast Asian building materials industry, capitalizing on Singapore's robust construction and infrastructure development sector.