John Cheng’s family has built its fortune selling sugar in Singapore. He now has bigger ambitions.

SINGAPORE (Aug 16): As director of a successful business with an annual turnover of about $100 million, John Cheng appears to be living the life that most millennials desire. And the 37-year-old, who co-owns Cheng Yew Heng — Singapore’s only sugar manufacturer — does have a sweet story to tell.

The history of Cheng Yew Heng dates back to 1947, when Cheng’s grandfather, a former pineapple trader from China, decided to enter the sugar manufacturing trade. “It was a booming time for Singapore,” muses Cheng, adding that his father joined his grandfather soon after, as more hands were needed to cope with the high demand.

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