A dragon dance being performed at the opening of the Cogent 1.Logistics Hub at 1 Buroh Crescent on Monday.

To mark the event, Cogent Holdings presented a hongbao containing $168,888.88 to The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund on Monday.

The company is involved in a range of logistics businesses such as warehousing and transportation.

Mr Benson Tan, Cogent's chief executive officer, said that the opening of the hub is a significant milestone for the company, and that it was made even more meaningful by the chance to give back to the community.