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Yeo Hiap Seng

Yeo Hiap Seng Limited, most commonly known as Yeo's, is a Singaporean multinational beverage and investment holding conglomerate. Aside from Singapore, the company has offices and market presence in the United States, Europe, Australia, New Zealand, Maldives, Mauritius, Mongolia, Pacific Islands, China, Hong Kong, Cambodia, Myanmar, Laos and Vietnam. Some of its house brands (See Below) include H-Two-O, Yeo's Asian Beverages, Justea, and Pink Dolphin.

Yeo Hiap Seng Limited
Type(SGX: Y03)
IndustryConglomerate
Founded1900; 121 years ago (1900)
Headquarters
3 Senoko Way, Singapore 758057
Key people
Daryl Ng Win Kong, Chairman
Samuel Koh, Group CEO
ProductsFood and beverage, property
RevenueSG$321.868 Million (Fiscal Year Ended 31 December 2020)
SG$91.280 Million (Fiscal Year Ended 31 December 2020)
SG$10.032 Million (Fiscal Year Ended 31 December 2020)
Total assetsSG$682.749 Million (Fiscal Year Ended 31 December 2020)
Total equitySG$588.162 Million (Fiscal Year Ended 31 December 2020)
OwnerFar East Orchard (49.5% stake)
ParentFar East Organization
Websitewww.yeos.com.sg

Yeo's majority shareholder is Ng Teng Fong's Far East Organization, which also develops houses and condominiums. The company also has operations in over 60 countries which includes Thailand, China, Malaysia, United States and franchises in Indonesia and Mauritius. It is listed on the Singapore Exchange.

Contents

Establishment

The company's history dates back to 1900. Founded by Yeo Keng Lian, a native of Fujian, China, who began his business career by making soy sauce in Zhangzhou with the Yeo Hiap Seng Sauce Factory in 1901. Then he emigrated to Singapore in the 1930s, where he re-established the Yeo Hiap Seng Sauce Factory in 1938. Yeo died in Singapore in 1960.

The name Yeo Hiap Seng is of Christian origin with Hiap Seng meaning unity of Christ as Yeo was Presbyterian.

Corporate

Although founded in 1938, the company was incorporated in Singapore on 20 December 1955 as Yeo Hiap Seng Canning and Sauce Factory Private Limited and was listed on 7 November 1968 and renamed to its present shorter name.

The 1950s saw the company can curry chicken, pioneer the bottling of soy milk, and package Asian drinks in Tetra Brik aseptic containers using the Ultra-high temperature processing system.

1990s and beyond

In June 1995, Robert Ng took over as chairman of Yeo's. His chairmanship came at the same time as his family increased its stake in the company to 24.9%, just short of the 25% threshold above which they would be required by law to make an offer to buy out all other shareholders.

This marked a step forward in his fight with billionaire investor Quek Leng Chan for control of the company and its land holdings at Singapore's Bukit Timah district, which could be worth billions of dollars if redeveloped into residential real estate. In the end, Ng and his father were able to successfully take advantage of squabbles within the Yeo family to buy 86% of Yeo's stock.

Their battle to gain control of the company was later described as "one of the most colourful take-over struggles in Singapore's history" and led to Yeo's transformation from a food company to a luxury real estate developer.

  1. Chinese:杨协成; pinyin: Yáng Xiéchéng; Pe̍h-ōe-jī: Iûⁿ Hia̍p-sêng
  2. Chinese:杨景连
  3. Chinese:杨协成
  1. "Yeo Hiap Seng Limited 2020 Annual Report"(PDF). yeos.com.sg. 31 December 2020. Retrieved17 September 2021.
  2. Ho, Frankie (20 June 2012). "The Far East Re-organization". The Edge Singapore. pp. 18–20.
  3. A. B. Susanto; Patricia Susanto (24 January 2013). The Dragon Network: Inside Stories of the Most Successful Chinese Family Businesses. John Wiley & Sons. pp. 61–. ISBN 978-1-118-33940-4.
  4. "The Yeo Hiap Seng Story - Testimony of God's Grace". dannysao.blogspot.ca.
  5. "History & Heritage". www.yeos.com.sg.
  6. "Tea for Two: Battle for a Great Name and Address", CNN Asianow, 28 July 1995, archived from the original on 6 February 2009, retrieved5 June 2009
  7. Backman, Michael (2001). Asian Eclipse: Exposing the Dark Side of Business in Asia. Wiley. p. 96. ISBN 9780471479123.
  8. Porter, Barry (1 June 1997), "Transforming a soft-drink sluggard", The Standard, archived from the original on 7 January 2013, retrieved15 July 2009

Yeo Hiap Seng
Yeo Hiap Seng Language Watch Edit Yeo Hiap Seng Limited most commonly known as Yeo s a is a Singaporean multinational beverage and investment holding conglomerate Aside from Singapore the company has offices and market presence in the United States Europe Australia New Zealand Maldives Mauritius Mongolia Pacific Islands China Hong Kong Cambodia Myanmar Laos and Vietnam 3 Some of its house brands See Below include H Two O Yeo s Asian Beverages Justea and Pink Dolphin Yeo Hiap Seng LimitedType SGX Y03 IndustryConglomerateFounded1900 121 years ago 1900 Headquarters3 Senoko Way Singapore 758057Key peopleDaryl Ng Win Kong Chairman Samuel Koh Group CEOProductsFood and beverage propertyRevenueSG 321 868 Million Fiscal Year Ended 31 December 2020 1 Operating incomeSG 91 280 Million Fiscal Year Ended 31 December 2020 1 Net income SG 10 032 Million Fiscal Year Ended 31 December 2020 1 Total assetsSG 682 749 Million Fiscal Year Ended 31 December 2020 1 Total equitySG 588 162 Million Fiscal Year Ended 31 December 2020 1 OwnerFar East Orchard 49 5 stake 2 ParentFar East OrganizationWebsitewww wbr yeos wbr com wbr sg Yeo s majority shareholder is Ng Teng Fong s Far East Organization which also develops houses and condominiums The company also has operations in over 60 countries which includes Thailand China Malaysia United States and franchises in Indonesia and Mauritius It is listed on the Singapore Exchange Contents 1 History 1 1 Establishment 1 2 Corporate 1 3 1990s and beyond 2 Gallery 3 Notes 4 References 5 External linksHistory EditEstablishment Edit The company s history dates back to 1900 Founded by Yeo Keng Lian b a native of Fujian China who began his business career by making soy sauce in Zhangzhou with the Yeo Hiap Seng Sauce Factory c in 1901 Then he emigrated to Singapore in the 1930s where he re established the Yeo Hiap Seng Sauce Factory in 1938 4 5 Yeo died in Singapore in 1960 4 The name Yeo Hiap Seng is of Christian origin with Hiap Seng meaning unity of Christ as Yeo was Presbyterian 4 Corporate Edit Although founded in 1938 the company was incorporated in Singapore on 20 December 1955 as Yeo Hiap Seng Canning and Sauce Factory Private Limited and was listed on 7 November 1968 and renamed to its present shorter name The 1950s saw the company can curry chicken pioneer the bottling of soy milk and package Asian drinks in Tetra Brik aseptic containers using the Ultra high temperature processing system 1990s and beyond Edit In June 1995 Robert Ng took over as chairman of Yeo s His chairmanship came at the same time as his family increased its stake in the company to 24 9 just short of the 25 threshold above which they would be required by law to make an offer to buy out all other shareholders This marked a step forward in his fight with billionaire investor Quek Leng Chan for control of the company and its land holdings at Singapore s Bukit Timah district which could be worth billions of dollars if redeveloped into residential real estate 6 In the end Ng and his father were able to successfully take advantage of squabbles within the Yeo family to buy 86 of Yeo s stock 7 Their battle to gain control of the company was later described as one of the most colourful take over struggles in Singapore s history and led to Yeo s transformation from a food company to a luxury real estate developer 8 Gallery Edit A juicebox of chrysanthemum tea by Yeo s Notes Edit Chinese 杨协成 pinyin Yang Xiecheng Pe h ōe ji Iuⁿ Hia p seng Chinese 杨景连 Chinese 杨协成References Edit a b c d e Yeo Hiap Seng Limited 2020 Annual Report PDF yeos com sg 31 December 2020 Retrieved 17 September 2021 Ho Frankie 20 June 2012 The Far East Re organization The Edge Singapore pp 18 20 A B Susanto Patricia Susanto 24 January 2013 The Dragon Network Inside Stories of the Most Successful Chinese Family Businesses John Wiley amp Sons pp 61 ISBN 978 1 118 33940 4 a b c The Yeo Hiap Seng Story Testimony of God s Grace dannysao blogspot ca History amp Heritage www yeos com sg Tea for Two Battle for a Great Name and Address CNN Asianow 28 July 1995 archived from the original on 6 February 2009 retrieved 5 June 2009 Backman Michael 2001 Asian Eclipse Exposing the Dark Side of Business in Asia Wiley p 96 ISBN 9780471479123 Porter Barry 1 June 1997 Transforming a soft drink sluggard The Standard archived from the original on 7 January 2013 retrieved 15 July 2009External links EditOfficial website Retrieved from https en wikipedia org w index php title Yeo Hiap Seng amp oldid 1051518474, wikipedia, wiki, book,

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