Ng Teng Fong mati liao

[BusNo64]

sigh..when will be lao lee's turn...wait for so long liao..:oIo:

 

[myfoot123]

sigh..when will be lao lee's turn...wait for so long liao..:oIo:

Aiya, I thought got PAP members mati. Next time got real good news than post ok?

 

[Mdm Tang]

Hahh...... Dear BusNo 64 are you sure or NOt ?


Please dont up the wrong bus leh ?


Details please ...



http://www.channelnewsasia.com/stories/singaporelocalnews/view/1034717/1/.html





Singapore property tycoon Ng Teng Fong dies
Posted: 02 February 2010 1156 hrs


Photos 1 of 1

Ng Teng Fong




SINGAPORE: Singapore billionaire property tycoon Ng Teng Fong has died.

Family friends have confirmed that the 81-year-old tycoon died on Tuesday.

Mr Ng and his family owns Singapore property developer Far East Organization and Hong Kong's Sino Group.

He was ranked Singapore's richest man in 2009 by Forbes magazine. His family net worth was estimated at US$8 billion in 2009, according to Forbes.

Mr Ng was said to have made his fortune on the property market, and owned at least a quarter of Singapore's housing market.

Far East Organisation developed more than 700 hotels, malls and condominiums in Singapore and Hong Kong, and owns Singapore's Fullerton Hotel.

Mr Ng was also one of Hong Kong's largest real estate developers. He was known for his frugal lifestyle, and till his death, still lived in his home of 30 years, off Dunearn Road.

Mr Ng had six children. His older son, Robert, and younger son, Philip, are in charge of the Hong Kong and Singapore businesses, respectively.

- CNA/sc

 

[Mdm Tang]

http://en.wikipedia.org/wiki/Ng_Teng_Fong




From Wikipedia, the free encyclopedia
Jump to: navigation, search
Ng Teng Fong (1930 - 2010) is a Singaporean real estate billionaire. His family owns the development corporation Far East Organization and Sino Group.

A member of the Henghua dialect group, Ng made his fortune with the help of one of Singapore's early billionaires, Eliya Thamby. Despite his fortune, he has a reputation for leading a frugal and unostentatious lifestyle. Though he controls at least a quarter of Singapore's housing market, Ng lives in the same house he has had for 30 years, and used to take his own lunch on to airplanes. Today, he is one of Hong Kong's largest real estate developers, and he is one of the largest landholders of Far East Organization in Singapore. He also owns The Fullerton Singapore in Singapore. His older son, Robert, and younger son, Philip, are in charge of the Hong Kong and Singapore businesses respectively.

Ng's family net worth was US$6.7 billion in 2007 and US$8 billion in 2009, and of 2009, he is the richest person in Singapore.

 

[Mdm Tang]

....One of Singapore's early billionaires, Eliya Thamby

... ????

 

[Mdm Tang]

http://news.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20070824-22966.html






Ng Teng Fong is S'pore's richest man

Property magnate Ng Teng Fong has overtaken the Khoo family to top Forbes magazine's list of Singapore's richest people.

Mr Ng, 79, who controls Far East Organization, is worth US$6.7 billion (S$10.2 billion). That is US$1 billion more than the Khoo family's fortune.

The Khoo family, descendants of Mr Khoo Teck Puat, the man behind Goodwood Park Hotel, are said by Forbes to be worth US$5.7 billion. Much of their wealth stems from a stake in Standard Chartered Bank and was up 14 per cent from US$5 billion last year. Mr Ng's wealth was reported to be US$4.9 billion at that time.

Singapore's 40 wealthiest citizens (see table below) saw their riches increase 14 per cent to US$32 billion collectively this year.

The figure is way beyond the US$19 billion held by Thai barons, but still trails behind the US$43 billion held by Malaysia's top 40, which was up from US$26 billion last year.

Singaporean tycoons with interests in real estate, shipping and palm oil did particularly well, as economic growth of 7.9 per cent and a 19 per cent surge in the stock market to date helped their fortunes along.

Fourth on the list is Mr Zhong Shen Jian, 48, who controls the mainboard-listed Yanlord Land Group. He became a Singapore citizen last year and built his US$2.5 billion fortune by developing luxury residences in his native China.

United Overseas Bank's chairman Mr Wee Cho Yaw and family are at No. 3 at US$3.3 billion. Property magnate Kwek Leng Beng of Hong Leong Group and family are at No. 5 with US$1.1 billion.

Newcomers to the list include rare female rich-lister, Ms Christina Ong, managing director of luxury fashion retailer Club 21, which also owns an Apple iPod reseller. She was among the top 12 newcomers.

 

[Mdm Tang]

..:oIo:

http://newspapers.nl.sg/Digitised/SearchResults.aspx?keyword=ng+teng+fong&page=1&sort=relevance

 

[A Shankar]

Singapore's Richest Man Passed Away

Singapore property tycoon Ng Teng Fong dies
Posted: 02 February 2010 1156 hrs

SINGAPORE: Singapore billionaire property tycoon Ng Teng Fong has died.

Family friends have confirmed that the 81-year-old tycoon died on Tuesday.

Mr Ng and his family owns Singapore property developer Far East Organization and Hong Kong's Sino Group.

He was ranked Singapore's richest man in 2009 by Forbes magazine. His family net worth was estimated at US$8 billion in 2009, according to Forbes.

Mr Ng was said to have made his fortune on the property market, and owned at least a quarter of Singapore's housing market.

Far East Organisation developed more than 700 hotels, malls and condominiums in Singapore and Hong Kong, and owns Singapore's Fullerton Hotel.

Mr Ng was also one of Hong Kong's largest real estate developers. He was known for his frugal lifestyle, and till his death, still lived in his home of 30 years, off Dunearn Road.

Mr Ng had six children. His older son, Robert, and younger son, Philip, are in charge of the Hong Kong and Singapore businesses, respectively.

 

[Tiu Kwang Yew]

Re: Singapore's Richest Man Passed Away

Ah Ng and family the richest man in Sinkapore ???

Think again.........there are many rich souls who much more richer than him.

think again again.

 

[ChaoPappyPoodle]

Re: Singapore's Richest Man Passed Away

All of SGs richest men are tied to property. Only the fucktard HDB manages to lose billions!

Who else owns significant holdings in Far East? :oIo:

 

[Harry Lee]

Re: Singapore's Richest Man Passed Away

Ah Ng and family the richest man in Sinkapore ???

Think again.........there are many rich souls who much more richer than him.

think again again.

==============

Who? Pray tell-- who? hehehe

 

[besotted]

Re: Singapore's Richest Man Passed Away

can live to 81 not bad lah

if i can live to 71 i thank heaven thank earth

 

[shelltox]

IN the end, the only property he brings along is a body fitting box, even that he cant bring along if he chose to be cremated

 

[Merl Haggard]

http://en.wikipedia.org/wiki/Ng_Teng_Fong




From Wikipedia, the free encyclopedia
Jump to: navigation, search
Ng Teng Fong (1930 - 2010) is a Singaporean real estate billionaire. His family owns the development corporation Far East Organization and Sino Group.

A member of the Henghua dialect group, Ng made his fortune with the help of one of Singapore's early billionaires, Eliya Thamby. Despite his fortune, he has a reputation for leading a frugal and unostentatious lifestyle. Though he controls at least a quarter of Singapore's housing market, Ng lives in the same house he has had for 30 years, and used to take his own lunch on to airplanes. Today, he is one of Hong Kong's largest real estate developers, and he is one of the largest landholders of Far East Organization in Singapore. He also owns The Fullerton Singapore in Singapore. His older son, Robert, and younger son, Philip, are in charge of the Hong Kong and Singapore businesses respectively.

Ng's family net worth was US$6.7 billion in 2007 and US$8 billion in 2009, and of 2009, he is the richest person in Singapore.

Mr Ng had lived at his present house for more than 45 years ever since he developed Watten Estate in the early 60's.

Mr Ng never took his lunches to airplanes, but his driver & bodyguard would deliver home-cooked foods to his office for him to share with his staffs.

 

[hockbeng]

sigh..when will be lao lee's turn...wait for so long liao..:oIo:

This guy got very rich becos of Gov Policy of inflating property prices through the years + the FT policy.

He got rich while the rest of sporeans were enslaved with debt.

In fact, the rich in spore never invented or produced anything that benefit mankind or sporeans. They merely inherited it, or benefited hugely from Biased Gov Policy.

 

[remisier]

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Welcome to my stockmarket Forum

 

[wonerman]

He aleady died on sun. Today then announce!

 

[Mdm Tang]

scared stock market plunged? ST down 15.30 today

prepare for the next biggest short in your entire life...

courtesy of Temasek...

Robert Ng
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This is a Chinese name; the family name is Ng (黄).
Robert Ng Chee Siong
黄志祥

Residence Hong Kong
Employer Sino Group
Known for 1987 Hong Kong Futures Exchange collapse
Title Chairman
Spouse(s) Yeoh Saw Kheng
Children Daryl, Nikki, Jeanne, Christine

Robert Ng Chee Siong (黄志祥, born 1952) is the chairman of Hong Kong property development conglomerate Sino Group, a position he has held since 1981.[1] He is the eldest son of Ng Teng Fong, the Singaporean real estate billionaire. Forbes listed the two as the 30th richest people in the world in 1997.[2]

Contents
[hide]
■1 Career
■2 Voting and political views
■3 Family and personal life
■4 References
■4.1 Notes
■4.2 Sources

Career
Ng was speculating in futures contracts on the Hong Kong Futures Exchange through two Panamanian-registered companies when the October 1987 global stock market crash began; his paper losses reportedly reached HK$1 billion. At first, Ng refused to pay, claiming to be protected by the limited liability of the companies through which he had traded.[3] This led to the collapse of the futures exchange; trading was also halted on the Hong Kong Stock Exchange for four days.[4] An investigation by the Commercial Crime Bureau of the Royal Hong Kong Police revealed that Ng had avoided required margin calls through collusion with one of his brokers.[5] However, in the end, no charges were laid against Ng because the colonial government of Hong Kong felt that prosecuting him would pose a risk to overall market stability.[6] Instead, a deal was worked out which saw Ng repay HK$500 million, with Hong Kong taxpayers providing the rest of the funds needed by the Exchange through a government bailout.[4] Ng reportedly lost a total of US$250 million in his various investment holdings as a result of the crash.[7]

In June 1995, Ng took over as chairman of Yeo Hiap Seng (YHS), a Singapore-listed food and beverages company which had lost US$3.2 million in its previous year of operation. 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 Malaysian billionaire investor Quek Leng Chan for control of YHS and its land holdings in Singapore's Bukit Timah district, which could be worth billions of dollars were they redeveloped into residential real estate.[7] In the end, Ng and his father were able to successfully take advantage of squabbles within the Yeo family to buy up 86% of YHS' stock.[8] Their battle to gain control of the company was later described as "one of the most colourful take-over struggles in Singapore history" and led to YHS' transformation from a food company to a luxury real estate developer.[9]

The Sino Group also spun off their hotel interests into a new company, Sino Hotels, in that year; Ng became chairman of the board of the new company as well from its inception.[10] In early 1997, under Ng's direction, Sino Hotels made several acquisitions, including an 80% stake in the local branch of the Conrad Hotel for HK$2 billion. Ng also predicted that office properties would perform well during that year.[11] For the latter six months of that year, Sino Hotels reported a 66% fall in net interim profits and 80% fall in operating profit, which Ng attributed to lower contributions not just from hotels but from the company's Fortune chain of Chinese restaurants as well. However, the Conrad proved to be a resilient investment, with the average room rate increasing by 14.7% during the months in question.[12]

Voting and political views
Due to his business positions, Ng wields a significant amount of power under Hong Kong's functional constituency system. In 1998, he and companies owned by Sino Group controlled roughly 3-4% of the votes in the real estate constituency, and an additional two votes in the tourism constituency.[13][14] The voting power he wields through this system has been described as equivalent to anywhere from 6,100 to 15,940 votes in geographic constituencies, which has led to criticism by the Hong Kong Human Rights Monitor.[14][15]

Ng has spoken out in support of the "Application List" system for the sale of government land and in 2008 remained publicly optimistic about the prospects for the Hong Kong property market.[16]

Family and personal life
Ng is married to Yeoh Saw Kheng (楊素瓊).[17]

Ng's eldest son Daryl Ng Win Kong (黃永光) was born in 1978. Though he holds Singaporean citizenship and returned to Singapore for mandatory military service, in interviews with Hong Kong media, he emphasises that "Hong Kong blood flows in my veins", reminding his interlocutors that he was born at Queen Mary Hospital and attended Diocesan Boys' School rather than an international school in his youth.[18] He later went to the United States, where he graduated from Columbia University in 2003, and after two years as a project manager in Sino Group was elevated to the company's board as an executive director in 2005. He is generally expected to be his father's successor.[1][19] In 2007 he began to take on a more public role within the Sino Group, first appearing at a land auction with his father in October that year. During his first time speaking with the media about the property market in March 2008, he appeared nervous and spoke only briefly.[20]

Ng's eldest daughter Nikki Ng Mien Hua (黃敏華) attended Yale University as an undergraduate, and went on to receive a master's degree from the University of London's School of Oriental and African Studies.[21] She was later appointed to the position of general manager of the Sino Group.[22] Her activities outside of Sino Group include membership of the 11th Qingdao Chinese People's Political Consultative Conference.[21] Ng also has two younger daughters Jeanne Ng Mien Yi (黃敏儀) and Christine Ng Mien Yin (黃敏音).[23]

Beginning in the late 1990s, the family became more active in the Hong Kong Jockey Club.[23] Daryl, Nikki, and Jeanne own four horses between them,[24][25][26][27] while the elder Ng himself owns eight and his wife one.[28][29] At one point in 2002, Ng was said to be interested in joining the 12-member board of stewards of the Hong Kong Jockey Club; however, some of the club's 200 voting members objected due to Ng's conduct during the futures market collapse in 1987.[30]

Both Daryl and Nikki are members of the five-person board of the Hong Kong Heritage Conservation Foundation.[21] The HKHCF was initially set up under the name Nice Brilliant Limited in December 2007, and changed its name in March 2008. In October 2008, the HKHCF made a bid for the revitalisation of the Old Tai O Police Station, with the intention of turning it into a boutique hotel; legislators looked suspiciously at the foundation's ties to the Sino Group, with Fernando Cheung accusing them of being a "one-man NGO" set up for business purposes rather than social service.[31] The bid of Hong Kong Heritage Conservation Foundation Ltd. was eventually successful. The conversion project is planned for completion at the end of 2011, with an estimated cost of HK$64.9 million .[32]

 

[Mdm Tang]

http://en.wikipedia.org/wiki/Robert_Ng

 

[minibond]

At the beginning of 2010 already SGP richest man mati, is it bad omen for the rich in SGP?