Singapore Government Lists Far East Organization Ng Teng Fong Billionaire Family 4 Members as Politically Significant Persons after Declaring Their Foreign Political Affiliations in 2024, 4 Members are $8.7 Billion Sino Group Chairman & 2nd Generation Robert Ng and His 3 Children Daryl Ng, Nikki Ng & David Ng, Ng Teng Fong Family Fortune at More than $15 Billion, Far East is Led by 2nd Generation Philip Ng (CEO) & Hong Kong-Listed $9.1 Billion Sino Group is Led by 2nd Generation Robert Ng (Chairman)
12th April 2025 | Hong Kong
The Singapore government has listed Far East Organization Ng Teng Fong billionaire family 4 members as Politically Significant Persons after declaring their foreign political affiliations in 2024. The 4 members are Sino Group ($8.7 billion market value) Chairman & 2nd generation Robert Ng and his 3 children Daryl Ng, Nikki Ng & David Ng. Ng Teng Fong family fortune is at more than $15 billion. Singapore Ministry of Home Affairs (7/4/25): “In 2024, four Singaporeans – Robert Ng Chee Siong, Daryl Ng Win Kong, Nikki Ng Mien Hua, and David Ng Win Loong – made declarations to the Registry of Foreign and Political Disclosures that they were members of a Foreign Legislature (FL) or Foreign Political Organisation (FPO). This declaration is required of Singapore Citizens under section 79 of the Foreign Interference (Countermeasures) Act 2021 (FICA). The Registrar has assessed that based on their declared memberships in FLs/FPOs, the four individuals should be designated as Politically Significant Persons (PSPs) pursuant to section 48(1) of FICA. The Registrar has served Notices of Intended Designation to the four individuals on 7 April 2025. To be clear, the intended designations of the four individuals are not because they have engaged in any egregious activity. Persons designated as PSPs are required to make annual disclosures to the Registrar on: (a) political donations of $10,000 or more that they receive and accept, (b) foreign affiliations, and (c) migration benefits. The Registrar of Foreign and Political Disclosures is the competent authority appointed by the Minister for Home Affairs under FICA to be responsible for the administration of the provisions relating to PSPs (except election candidates and election agents). “Political donation” is defined in section 51 of FICA. Foreign affiliations are defined as “reportable arrangements” in section 78 of FICA. “Migration benefit” is defined in section 78(4) of FICA.” In 2025 March, Singapore Far East Organization Ng Teng Fong (1928 to 2010) billionaire family 3rd generation & grandson Daryl Ng (Age 46) is stepping down as Chairman of beverage group Yeo Hiap Seng ($272 million market value) & succeeded by Independent Director & Deputy Chairman Na Wu Beng with Ng Teng Fong 3rd generation & grandson Edward Ng to succeed Na Wu Beng as Deputy Chairman. Far East Organization is led by 2nd generation Philip Ng (CEO) & Hong Kong-listed Sino Group ($9.1 billion market value) is led by 2nd generation Robert Ng (Chairman). Philip Ng & Robert Ng are 2 of 5 children of Ng Teng Fong. Far East Organization is a majority shareholder of Yeo Hiap Seng. Ng Teng Fong family fortune is at more than $15 billion. Ng Teng Fong family (Robert Ng & Philip Ng) are one of the top business families in Singapore including Khoo Teck Puat family (Goodwood Park), Wee Cho Yaw family (UOB), Kwee family (Pontiac Land) & Lee Seng Wee family (OCBC).
“ Singapore Government Lists Far East Organization Ng Teng Fong Billionaire Family 4 Members as Politically Significant Persons after Declaring Their Foreign Political Affiliations in 2024, 4 Members are $8.7 Billion Sino Group Chairman & 2nd Generation Robert Ng and His 3 Children Daryl Ng, Nikki Ng & David Ng, Ng Teng Fong Family Fortune at More than $15 Billion, Far East is Led by 2nd Generation Philip Ng (CEO) & Hong Kong-Listed $9.1 Billion Sino Group is Led by 2nd Generation Robert Ng (Chairman) “
Singapore Far East Organization Ng Teng Fong Billionaire Family 3rd Generation & Grandson Daryl Ng (Age 46) to Step Down as Chairman of $272 Million Beverage Group Yeo Hiap Seng & Succeeded by Independent Director & Deputy Chairman Na Wu Beng, 3rd Generation & Grandson Edward Ng to Succeed Na Wu Beng as Deputy Chairman, Far East is Led by 2nd Generation Philip Ng (CEO) & Hong Kong-Listed $9.1 Billion Sino Group is Led by 2nd Generation Robert Ng (Chairman), Far East Organization is a Majority Shareholder of Yeo Hiap Seng, Ng Teng Fong Family Fortune at More than $15 Billion
27th March 2025 – Singapore Far East Organization Ng Teng Fong (1928 to 2010) billionaire family 3rd generation & grandson Daryl Ng (Age 46) is stepping down as Chairman of beverage group Yeo Hiap Seng ($272 million market value) & succeeded by Independent Director & Deputy Chairman Na Wu Beng with Ng Teng Fong 3rd generation & grandson Edward Ng to succeed Na Wu Beng as Deputy Chairman. Far East Organization is led by 2nd generation Philip Ng (CEO) & Hong Kong-listed Sino Group ($9.1 billion market value) is led by 2nd generation Robert Ng (Chairman). Philip Ng & Robert Ng are 2 of 5 children of Ng Teng Fong. Far East Organization is a majority shareholder of Yeo Hiap Seng. Ng Teng Fong family fortune is at more than $15 billion. Ng Teng Fong family (Robert Ng & Philip Ng) are one of the top business families in Singapore including Khoo Teck Puat family (Goodwood Park), Wee Cho Yaw family (UOB), Kwee family (Pontiac Land) & Lee Seng Wee family (OCBC).
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