AnnAik Limited (Registration No.: 197702066M) was incorporated in Singapore on 24 September 1977 under the Singapore Companies Act.
It commenced operations as a stockist and distributor of general hardware products with a staff size of three in a rented shophouse. At that time, the Company sold and distributed mainly plates, sheets, rods, tubes and angle bars that were made of copper, brass, bronze or carbon steel. As a stockist and distributor, the Company imported its products from places such as Japan and Taiwan. Its customers then were mainly other stockists and re-sellers based in Singapore.
In the early 1980s, AnnAik made a strategic move to specialise in the sale and distribution of stainless steel products as there was less competition and the profit margin was higher. Following this shift in product focus, the Company initially traded primarily in stainless steel plates, sheets and rods. Over the years