The Company was incorporated in Singapore on 12 November 1970 under the name of Lee Hwa Goldsmiths & Jewellers Pte Ltd. On 16 January 1998, the name was changed to Lee Hwa Hldgs Pte Ltd. On 28 May 1999, the Company was converted into a public limited company, at which time it changed its name to Lee Hwa Hldgs Ltd. The Company subsequently changed its name to Aspial Corporation Limited wef 12 April 2001. The Company is principally engaged in (i) jewellery business as a manufacturer and retailier and (ii) residential property development.