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Yeo Hiap Seng Limited

Company type	Public company (SGX: Y03 ) Subsidiary of Far East Organization
Industry	Conglomerate
Founded	1900; 124 years ago (1900)
Headquarters	Singapore
Key people	Daryl Ng Win Kong, Chairman Samuel Koh, Group CEO
Products	Food and beverage, property
Revenue	SG$321.868 Million (Fiscal Year Ended 31 December 2020)
Operating income	SG$91.280 Million (Fiscal Year Ended 31 December 2020)
Net income	–SG$10.032 Million (Fiscal Year Ended 31 December 2020)
Total assets	SG$682.749 Million (Fiscal Year Ended 31 December 2020)
Total equity	SG$588.162 Million (Fiscal Year Ended 31 December 2020)
Owner	Far East Orchard (49.5% stake)
Parent	Far East Organization
Website	www.yeos.com.sg

Yeo Hiap Seng Limited (simplified Chinese: 杨协成; traditional Chinese: 楊協成; pinyin: Yáng Xiéchéng; Pe̍h-ōe-jī: Iûⁿ Hia̍p-sêng, Commonly known as Yeo's) is a Singaporean beverage company. It operates as an investment holding company as well as a drink manufacturer in Singapore and Malaysia. It is a multinational corporation that has offices and market presence in the US, Europe, Australia, New Zealand, Maldives, Mauritius, Mongolia, Pacific Islands, Mainland 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.

YHS 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, Singapore, Malaysia, United States and franchises in Indonesia and Mauritius.

History

Establishment

The company's history dates back to 1900. Founded by Yeo Keng Lian (Chinese: 杨景连), a native of Fujian, China, who began his business career by making soy sauce in Zhangzhou with the Yeo Hiap Seng Sauce Factory (Chinese: 杨协成) in 1901. Then he immigrated 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 Hiap Seng (YHS). 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. 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. 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 YHS' transformation from a food company to a luxury real estate developer.

See also

• List of food companies
• Vitasoy – Hong Kong–based soy beverage giant

References

1. ^ "Yeo Hiap Seng Limited 2020 Annual Report" (PDF). yeos.com.sg. 31 December 2020. Retrieved 17 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. Archived from the original on 22 January 2018. Retrieved 20 January 2015.
6. "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
7. Backman 2001, p. 96
8. Porter, Barry (1 June 1997), "Transforming a soft-drink sluggard", The Standard, archived from the original on 7 January 2013, retrieved 15 July 2009

Bibliography

• Backman, Michael (2001), Asian eclipse: exposing the dark side of business in Asia, J. Wiley, ISBN 978-0-471-47912-3

External links

• Official website

v t e Soy (Glycine max)
General	Soy allergy Soy candle Soy ink Soy molasses Soy paint Soy protein Soybean Diseases Soybean meal Soybean oil
Soy-based dishes	List of soy-based foods Aburaage Agedashi tofu Bai ye Douhua Dubu kimchi Edamame Hiyayakko Kongguksu Kongnamul Mapo doufu Miso soup Sundubu jjigae Tahu goreng Tofu skin roll Yong tau foo
Plant milk	Soy milk Soy yogurt Vegan cheese
Meat analogues	Beanfeast Tempeh Textured vegetable protein Tofu Tofurkey Vegetarian hot dog Veggie burger
Sauces and condiments	Soy sauce based Ganjang Ponzu Sweet soy sauce Tamari Teriyaki Tsuyu Yìn yóu Pastes Doenjang Doubanjiang Miso Sweet bean sauce Yellow soybean paste Tương Fermented bean Akhuni Fermented bean curd Douchi Kinema Tauco Nattō
Other foods	Mamenori Mao tofu Oncom Soy flour Soy milk based infant formula Soy nut Soy pulp Stinky tofu Tofu skin List of fermented soy products
Biochemicals	Phytoestrogens Genistein Genistin Glycitein Glycitin Ononin Daidzein Equol (metabolite) O-DMA (metabolite) Daidzin (leaves) Globulins (proteins) Beta-conglycinin Glycinin PHAs (lectins) Soybean agglutinin (lectin) Enzymes Beta-amylase Lipoxygenase Cysteine proteases Trypsin inhibitors Kunitz inhibitor Bowman-Birk inhibitor Other Soy lecithin (mix of Phospholipids) Lunasin Unsaponifiables Tocopherols Sterols Antinutrients Phytates Protease Inhibitors Cystatins
Companies	8th Continent Alpro Boca Burger Gardenburger Kikkoman Morningstar Farms Mr Bean Plamil Foods Silk So Good Tofutti Vitasoy Yamasa Yeo Hiap Seng
Other	Diet for a Small Planet Kikkoman Soy Sauce Museum William Shurtleff and Akiko Aoyagi Yuasa, artisan town of historic soy sauce distilleries
Category: Soybeans

• 1900 establishments in Singapore
• Brand name condiments
• Companies listed on the Singapore Exchange
• Food manufacturers of Singapore
• Singaporean brands
• Sino Group
• Soy product brands