Home News Company in the news

Qian Hu's new leader looks to change stereotype of a fish company

Amala Balakrishner
Amala Balakrishner1/15/2021 07:00 AM GMT+08  • 8 min read
Qian Hu's new leader looks to change stereotype of a fish company
Qian Hu’s new CEO is looking to steer the company from being just a fish company to one experienced in supply chain and technology
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

After 20 years, integrated fish services provider Qian Hu has a new leader: Yap Kok Cheng. On Jan 1, the 42-year-old took over the ropes from his uncle Kenny Yap to become the company’s chief executive officer, while the older Yap continues to serve as its executive chairman.

Unlike his uncle, who is always jovial and outspoken, Kok Cheng comes across as more quiet and reserved. However, he is just as ambitious and has already set a long-term goal to bring Qian Hu’s revenue across the $100 million mark.

This seems an uphill task at this juncture, for the company has reported losses of $1.45 million for FY2020 ended Dec 31, a big reversal from earnings of $920,000 it reported in the year earlier. This translates to a net loss per share of 1.28 cents and net asset value of 43.81 cents, at the end of FY2020. By contrast, the company had earnings per share of 0.81 cents and a net asset value of 45.71 cents in FY2019.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now