BEZALEL GROUP HISTORY
October 2023
OPT CREATION (THAILAND) Co., Ltd. completes Thailand factory.
March 2023
Completion of company building in Sri Lanka
June 2022
Application for listing on Colombo Stock Exchange “Diri Savi Board”
(Due to the lockdown and entry ban due to the spread of Covid-19, the IPO was temporarily abandoned and postponed.)
June 2022
Established BEZALEL HOLDINGS Ltd.
May 2022
Established OPT CREATION (THAILAND) Co., Ltd.
JV between OPT CREATION Co., Ltd. (49%) and BEZALEL (THILAND) Co., Ltd. (51%).
May 2022
Established BEZALEL (THAILAND) Co., Ltd.
April 2022
BEZALEL JAPAN LLC (formerly GTO Solutions LLC) Join the group company
May 2021
BUDA BORNEO SDN BHD join the group company
September 2020
Established BEZALEL CONSTRUCTIONS (Pvt) Ltd.
May 2019
Established BEZALEL INTERIORS (Pvt) Ltd.
History of major topics and our efforts
Feb 2024: Nikkei Stock Average reaches an all-time high of 33,915 yen.
March 2024: The Nikkei 225 stock average closed at 40,000 yen for the first time, and gold prices reached all-time highs together. However, we felt that this was a result of global price rises and turmoil, which was inconsistent with the real economy. We took advantage of the weak yen's timing to move equipment from Japan to overseas.
May 2022 : First default since Sri Lanka's founding
May 2022 Sri Lanka, rocked by an economic crisis, defaults for the first time since independence in 1948. The country is in turmoil due to the depreciation of the Sri Lankan rupee, gasoline shortages, rising prices, and the resignation of the president. Our company predicted default and converted cash assets into land, so the value of our holdings increased significantly. Prepare for listing by increasing additional capital
February 2022: Russian-Ukrainian war
24 Feb 2022 Russia launches a full-scale military invasion of Ukraine. Oil and energy prices began to rise worldwide.
August 2021: Sri Lanka rating “negative”
August 2021 S&P Global Ratings, a major U.S. rating agency, warned on the 27th that the Sri Lankan government's ability to raise funds will become increasingly difficult over the next year, changing its outlook for Sri Lanka's sovereign rating to "Triple C Plus" from its previous outlook. The outlook was downgraded from "stable" to "negative." Money from people who were wary of defaults flowed into real estate, and real estate prices began to rise rapidly.
December 2019 : New coronavirus spread/pandemic
The novel coronavirus infection (COVID-19) has become a worldwide pandemic in just a few months since the first case was reported in Wuhan, China, in early December 2019. It became a trend. Trade around the world has come to a halt, prices of materials and other raw materials have risen sharply, and Sri Lanka's economic situation has worsened due to repeated lockdowns. Our company was closely examine the situation during the Asian currency crisis and proceed with land acquisition at a rapid pace.
April 2019 : Sri Lanka's turbulent period
On April 21, 2019, we brought forward the company establishment that we had been preparing for since 2018 and registered BEZALEL INTERIORS (Pvt) Ltd. the following month. The situation within Sri Lanka is not very good. People outside the country tended to view it positively.