Yeo Hiap Seng

Yeo Hiap Seng Limited

Type	Public company (SGX: Y03) Subsidiary of Far East Organization
Industry	Conglomerate
Founded	1900
Headquarters	Singapore
Key people	Koh Boon Hwee, Chairman Melvin Teo, Group CEO
Products	Food and beverage, property
Owner	Far East Orchard (49.5% stake)^[1]
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 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, China, Hong Kong, Cambodia, Myanmar, Laos, Vietnam, and Japan. It produces its own Asian drinks and has the license from Pepsico to produce Pepsi, 7 Up, Mountain Dew, Mirinda and Mug Root Beer. In addition, Yeo's also exclusively manages other international brands such as Red Bull, Gatorade, Evian, Volvic, Uni-President, Allswell, Hain Celestial, and Erika Dairies. 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, and it 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

Yeo Keng Lian

The company has its history dated back to 1900. Founded by Yeo Keng Lian, a native of Fujian, China, who began his business career making soya sauce in Zhangzhou with the Yeo Hiap Seng Sauce Factory in 1901 and then immigrated to Singapore in the 1930s where he re-established the Yeo Hiap Seng Sauce Factory in 1938.^[2]^[3] Yeo died in Singapore in 1960.^[2]

The name Yeo Hiap Seng is of Christian origin with Hiap meaning unity of Christ as Yeo was Presbyterian.^[2]

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.^[4] 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.^[5] 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.^[6]

References

↑ Ho, Frankie (20 June 2012). "The Far East Re-organization". The Edge Singapore. pp. 18–20. |access-date= requires |url= (help)
1 2 3 http://dannysao.blogspot.ca/2012/06/yeo-hiap-seng-story-testimony-of-gods.html
↑ http://www.yeos.com.sg/History_and_Heritage
↑ "Tea for Two: Battle for a Great Name and Address", CNN Asianow, 28 July 1995, retrieved 5 June 2009
↑ Backman 2001, p. 96
↑ Porter, Barry (1 June 1997), "Transforming a soft-drink sluggard", The Standard, retrieved 15 July 2009

External links

Official website

Soy

General	Soy allergy Soy candle Soy ink Soy molasses Soy paint Soy protein Soybean 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	Doenjang Doubanjiang Douchi Fermented bean curd Kinema Miso Nattō Soy sauce Sweet bean sauce Sweet soy sauce Teriyaki Tauco Tương Yellow soybean paste

Various other foods	Mamenori Okara Oncom Soy flour Soy milk based infant formula Soy nut Stinky tofu Tofu skin List of fermented soy products

Companies	8th Continent Alpro Boca Burger Gardenburger Morningstar Farms Plamil Foods Silk So Good Tofutti Vitasoy Yeo Hiap Seng

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