Ng Swee Hong
Encyclopedia
Ng Swee Hong was a Malaysian Chinese
businessman who founded Pacific Andes
.
Ng Swee Hong moved to Singapore
in 1963 where he amalgamated interests that ranged from trading rice
and other commodities and chartering out cargo vessels to running a shrimp
and fish
business in Taiwan
. He also dabbled in local real estate
. However, a series of corporate bankruptcies in Singapore sent the stock and real estate markets crashing in the early 1980s, and the Ng family found itself wiped out with close to $30 million in debt.
The Ngs sold everything in the family and moved to Hong Kong
in 1985. They soon activated the shell of Pacific Andes. In its early life the company imported fish from India
, Pakistan
and South America
and sold it to Taiwan. This was the germ of what became its global fishing business. Pacific Andes took on exporting shrimp to the U.S.
and U.K.
from Taiwan and China.
The company grew into a large fishing
conglomerate and raised several issues and were monitored by various governments.
Ng remained as chairman until his death in 16 September 2006.
Malaysian Chinese
Malaysian Chinese is a Malaysian of Chinese origin. Most are descendants of Chinese who arrived between the fifteenth and the mid-twentieth centuries. Within Malaysia, they are usually simply referred to as "Chinese" in all languages. The term Chinese Malaysian is also sometimes used to refer to...
businessman who founded Pacific Andes
Pacific Andes Food Ltd
Pacific Andes Food Ltd is a food company which locates in Marine Science & Technology Develop Zone , Chengyang District, Qingdao, China. it is a wholly owned subsidiary of Pacific Andes International Holdings Ltd. Pacific Andes Food Ltd processes, transports and trades frozen deep-sea fish and fish...
.
Ng Swee Hong moved to Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
in 1963 where he amalgamated interests that ranged from trading rice
Rice
Rice is the seed of the monocot plants Oryza sativa or Oryza glaberrima . As a cereal grain, it is the most important staple food for a large part of the world's human population, especially in East Asia, Southeast Asia, South Asia, the Middle East, and the West Indies...
and other commodities and chartering out cargo vessels to running a shrimp
Shrimp
Shrimp are swimming, decapod crustaceans classified in the infraorder Caridea, found widely around the world in both fresh and salt water. Adult shrimp are filter feeding benthic animals living close to the bottom. They can live in schools and can swim rapidly backwards. Shrimp are an important...
and fish
Fish
Fish are a paraphyletic group of organisms that consist of all gill-bearing aquatic vertebrate animals that lack limbs with digits. Included in this definition are the living hagfish, lampreys, and cartilaginous and bony fish, as well as various extinct related groups...
business in Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
. He also dabbled in local real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
. However, a series of corporate bankruptcies in Singapore sent the stock and real estate markets crashing in the early 1980s, and the Ng family found itself wiped out with close to $30 million in debt.
The Ngs sold everything in the family and moved to Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
in 1985. They soon activated the shell of Pacific Andes. In its early life the company imported fish from India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
and sold it to Taiwan. This was the germ of what became its global fishing business. Pacific Andes took on exporting shrimp to the U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and U.K.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
from Taiwan and China.
The company grew into a large fishing
Fishing
Fishing is the activity of trying to catch wild fish. Fish are normally caught in the wild. Techniques for catching fish include hand gathering, spearing, netting, angling and trapping....
conglomerate and raised several issues and were monitored by various governments.
Ng remained as chairman until his death in 16 September 2006.