Robert Ng Chee Siong (Chinese: 黃志祥; pinyin: Huáng Zhìxiáng; Jyutping: wong4 zi3 coeng4; born 1952) is a Singaporean billionaire businessman, and the chairman of Hong Kong property development conglomerate Sino Group since 1991.
[5] An investigation by the Commercial Crime Bureau of the Royal Hong Kong Police revealed that Ng had avoided required margin calls through collusion with one of his brokers.
[4] However, in the end, no charges were laid against Ng because the colonial government of Hong Kong felt that prosecuting him would pose a risk to overall market stability.
[6] Instead, a deal was worked out which saw Ng repay HK$500 million, with Hong Kong taxpayers providing the rest of the funds needed by the Exchange through a government bailout.
[7] In June 1995, Ng took over as chairman of Yeo Hiap Seng (YHS), a Singapore-listed food and beverages company which had lost US$3.2 million in its previous year of operation.
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.
[15][16] Ng has spoken out in support of the "Application List" system for the sale of government land and in 2008 remained publicly optimistic about the prospects for the Hong Kong property market.