The Workers Party candidate for Hougang Png Eng Huat described himself as a ‘semi-retired’ businessman when introduced as a candidate during a press conference.
Very little is known about Mr Png’s background except that he has been a businessman for the last twenty years. According to an email from an anonymous individual who claims to be a ‘business associate’ of Mr Png, he set up many companies like Yaw Shin Leong, most of which have since wounded up.
According to information from the Accounting and Corporate Regulatory Authority (ACRA), from 1990 to 2002, Png Eng Huat was involved in 11 companies, holding the title of Director, Executive Director and shareholder.
But in the last 12 years, 8 have been closed and only 3 are still in operation.
Speaking to queries from the media, Mr Png said he will ‘just do it’ when the opportunity presents itself:
“When I feel that I have done enough, I start to slow down. A business cannot be closed down so easily, it is impossible to simply say ‘bye’ to the customers and walk away, I have to ensure it goes through different stages, before winding up a business.”
Png Eng Huat said that he started his semi-retirement state at the age of 40. The companies which are still in operation, he has also been gradually handing over to his subordinates to.”I spend a lot of time to get involved in politics, and I am beocming increasingly active.”
According to ACRA’s information, Png Eng Huat is currently director and shareholder of, Flori-Art, Globalised Market Traders and Madcow International.
Flori-Art is a florist located in the Chinatown vicinity, but one SPH reporter visited several times and found out that it is not doing a florist store business and the office is often empty.
The staff said that their company has a 20-year history, the main business is “supplier of flowers”.
Mr Png said he is not very ‘active’ in running his business now as he is becoming more ‘involved’ in politics. WP has offered him the position of Deputy Chairman of Aljunied-Hougang Town Council if he is elected on Saturday.
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