Singapore Ng Teng Fong Billionaire Family Far East Organization Family Office (Far East Capital) Bought Preference Shares in Singapore-Based Oat Milk Startup Oatside from Mugi Capital in 2025 November, Oatside Founded in 2020 by Singapore Benedict Lim (ex-CFO Kraft Heinz Indonesia)
30th December | Hong Kong
Singapore Ng Teng Fong billionaire family Far East Organization family office (Far East Capital) has bought preference shares in Singapore-based oat milk startup Oatside from Mugi Capital in 2025 November. Oatside was founded in 2020 by Singapore Benedict Lim (ex-CFO Kraft Heinz Indonesia). In 2025 September, Far East CEO Philip Ng Chee Tat increased shareholding of Hong Kong-listed beverage company Vitasoy International ($1.2 billion market value) to 16.03% (168 million shares) after buying 570,000 shares ($654,000) via his entities (Yeo Hiap Seng & Family office). Vitasoy International Chairman & 2nd generation family member Winston Lo Yau-lai owns 16.37% shareholding. Vitasoy International was founded in 1940 by Lo Kwee-seong (Father of Winston Lo Yau-lai). Vitasoy International current market value at $1.2 billion, with share price -8.6% YTD, +96.8% last 12 months & -67.1% last 5 years. In 2025 August, Singapore Far East Organization Ng Teng Fong (1928 to 2010) billionaire family 3rd generation & grandson Daryl Ng (Age 47) was appointed as Chairman of Sino Group (Including Sino Land, Tsim Sha Tsui Properties & Sino Hotels with combined $16.2 billion market value), succeeding his father (2nd Generation) Robert Ng Chee Siong (Age 72) who succeeded Ng Teng Fong in 1991. Far East Organization is led by 2nd generation Philip Ng (CEO) & Hong Kong Sino Group is now led by 3rd generation Daryl Ng (Chairman). Philip Ng & Robert Ng are 2 of 5 children of Ng Teng Fong. In 2025 April, the Singapore government 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 Chairman & 2nd generation Robert Ng and his 3 children Daryl Ng, Nikki Ng & David Ng. In 2025 March, Daryl Ng stepped 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 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) is 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 Ng Teng Fong Billionaire Family Far East Organization Family Office (Far East Capital) Bought Preference Shares in Singapore-Based Oat Milk Startup Oatside from Mugi Capital in 2025 November, Oatside Founded in 2020 by Singapore Benedict Lim (ex-CFO Kraft Heinz Indonesia) “
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Singapore Ng Teng Fong Billionaire Family Far East CEO Philip Ng Chee Tat Increased Shareholding of Hong Kong-Listed $1.2 Billion Beverage Company Vitasoy International to 16.03% (168 Million Shares) after Buying 570,000 Shares ($654,000) via His Entities (Yeo Hiap Seng & Family Office), Vitasoy International Chairman & 2nd Generation Family Member Winston Lo Yau-lai Owns 16.37% Shareholding, Vitasoy International Founded in 1940 by Lo Kwee-seong (Father of Winston Lo Yau-lai), Current Market Value at $1.2 Billion, Share Price -8.6% YTD, +96.8% Last 12 Months & -67.1% Last 5 Years
11th September – Singapore Ng Teng Fong billionaire family Far East CEO Philip Ng Chee Tat has increased shareholding of Hong Kong-listed beverage company Vitasoy International ($1.2 billion market value) to 16.03% (168 million shares) after buying 570,000 shares ($654,000) via his entities (Yeo Hiap Seng & Family office). Vitasoy International Chairman & 2nd generation family member Winston Lo Yau-lai owns 16.37% shareholding. Vitasoy International was founded in 1940 by Lo Kwee-seong (Father of Winston Lo Yau-lai). Vitasoy International current market value at $1.2 billion, with share price -8.6% YTD, +96.8% last 12 months & -67.1% last 5 years. In 2025 August, Singapore Far East Organization Ng Teng Fong (1928 to 2010) billionaire family 3rd generation & grandson Daryl Ng (Age 47) was appointed as Chairman of Sino Group (Including Sino Land, Tsim Sha Tsui Properties & Sino Hotels with combined $16.2 billion market value), succeeding his father (2nd Generation) Robert Ng Chee Siong (Age 72) who succeeded Ng Teng Fong in 1991. Far East Organization is led by 2nd generation Philip Ng (CEO) & Hong Kong Sino Group is now led by 3rd generation Daryl Ng (Chairman). Philip Ng & Robert Ng are 2 of 5 children of Ng Teng Fong. In 2025 April, the Singapore government 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 Chairman & 2nd generation Robert Ng and his 3 children Daryl Ng, Nikki Ng & David Ng. In 2025 March, Daryl Ng stepped 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 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) is 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 Far East Organization Ng Teng Fong Billionaire Family 3rd Generation & Grandson Daryl Ng (Age 47) Appointed as Chairman of $16.2 Billion Sino Group (Including Sino Land, Tsim Sha Tsui Properties & Sino Hotels) Succeeding His Father (2nd Generation) Robert Ng Chee Siong (Age 72) Who Succeeded Ng Teng Fong in 1991, Far East is Led by 2nd Generation Philip Ng (CEO) & Hong Kong-Listed $9.1 Billion Sino Group is Now Led by 3rd Generation Daryl Ng (Chairman), Ng Teng Fong Family Fortune at More than $15 Billion
3rd August – Singapore Far East Organization Ng Teng Fong (1928 to 2010) billionaire family 3rd generation & grandson Daryl Ng (Age 47) has been appointed as Chairman of Sino Group (Including Sino Land, Tsim Sha Tsui Properties & Sino Hotels with combined $16.2 billion market value), succeeding his father (2nd Generation) Robert Ng Chee Siong (Age 72) who succeeded Ng Teng Fong in 1991. Far East Organization is led by 2nd generation Philip Ng (CEO) & Hong Kong Sino Group is now led by 3rd generation Daryl Ng (Chairman). Philip Ng & Robert Ng are 2 of 5 children of Ng Teng Fong. In 2025 April, the Singapore government 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 Chairman & 2nd generation Robert Ng and his 3 children Daryl Ng, Nikki Ng & David Ng. In 2025 March, Daryl Ng stepped 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 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) is 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 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) is 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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