SINGAPORE (Oct 7): You may know Sam Goi Seng Hui is the chairman of Tee Yih Jia Foods, the manufacturer of popiah and prata as well as other frozen food products and ranked among the top 50 richest men in Singapore.
But do you know that Singapore-listed property group GSH Corporation (GSH), with asset size amounting to $1.1 billion as of June 30, is 59% owned by Goi? The group also boasts other notable stakeholders including group CEO Ee Guan Hui with an 8.09% stake and Far East Organization with a 5.04% stake.
GSH generates income through two segments: Property and hospitality. In the property segment, income comes from sale of properties which is seeing healthy sales from its developments while stable recurring rental income comes from its food logistics and hospitality businesses.