Hup Soon Global Pte Ltd was incorporated in Singapore in March 2005 as a private limited company to acquire certain businesses from the Li & Fung Group that in turn, was acquired from Inchcape Plc in 1999.  with the ambition of becoming a leading regional marketer and distributor for industrial products.  The Company was set up These businesses comprise the marketing and distribution of automotive aftermarket products and industrial supplies in Thailand and Malaysia that operate under the Borneo Technical name and the assembly, marketing and distribution of agriculture tractors and engine transmissions in Thailand operating under the Anglo-Thai name.

The “Borneo Technical” and “Anglo-Thai” companies have a very long and established history and can trace their heritage respectively to The Borneo Company established in 1856 and the Anglo-Thai Corporation which commenced operations in 1947.

In April 2006, the HSGC Group expanded its industrial trading businesses by acquiring a substantial stake in United Motor Works (Siam), a company established in 1947 and a distributor of material handling and garage equipment in Thailand.

In April 2007, Hup Soon was listed on the Singapore Stock Exchange via the reverse takeover of Twinwood Engineering.

The history and development of the various Group companies can be traced as follow: