THE TEMASEK TIMES

News and views from an unique perspective

Png Eng Huat closed down 8 companies in 12 years and only runs a flower shop now

Posted by temasektimes on May 24, 2012

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.

_____________________________________________________________________________________________

Related articles:

WP mole still in CEC says: I do not want WP to send the wrong candidate into parliament again

Hougang voters should look beyond the usual emotional antics played by Workers Party to deceive them

Hougang resident: Let’s have a First World Hougang before we talk about a First World parliament

Desmond Choo and Rotary Club to roll out ‘Friendlier Homes Project’ to help needy elderly Houagng residents

Angry Hougang resident slams door on Low Thia Kiang during his house-to-house visit

Hougang residents rally behind Desmond Choo despite being intimidated by WP supporters

PAP supporters in Hougang intimidated by fanatical WP supporters

Low Thia Kiang: Recent events were made to sabotage Png Eng Huat

Hougang by-election and its implication for the next General Election

DPM Teo Chee Hean: I am disappointed with WP supporters

Png Eng Huat: NCMP ballot flip-flop will not affect my chances in the by-election

Png Eng Huat clarifies: Part of procedure for every candidate in the team to be included in ballot for NCMP post

Lianhe Zaobao: Png Eng Huat received one vote for NCMP position

Png Eng Huat: I made a choice not to be considered for post of NCMP

Desmond Choo debunked accusation by WP supporter Seah Ee Onn

Young Hougang voters growing disillusioned with Workers Party?

Desmond Choo: I did not use taxpayers’ monies to fund any social welfare projects

DPM Teo asked Hougang voters if WP is taking them for granted

Low Thia Kiang launched blistering attack on Desmond Choo

Hougang residents plead: Do not link national issues to this ward

Political analysts: Yaw Shin Leong’s apology has made things worse for WP

PM Lee: Hougang by-election an uphill fight for the PAP

Hougang residents yearn for change after 20 years under WP

Desmond Choo: Yaw saga has ended and I wish Shin Leong all the best

Yaw Shin Leong ‘apologizes’ to Hougang residents after three months

Desmond Choo: Don’t mix up providing alternative voices to the real purpose of the Hougang by-election

Desmond Choo: I share a kiss with my wife every morning

Straight fight between PAP and WP in Hougang by-election

WP confused over who to field in Hougang by-election?

Png Eng Huat: Hougang residents are very warm and friendly to me

Desmond Choo: I will be an independent voice as an MP

Png Eng Huat: I will not use my Facebook page till the by-election is over

Desmond Choo: I will serve Hougang residents for as long as it takes

Hougang by-election is about Hougang residents and not national politics

Subhas Anandan to offer free legal aid to Hougang residents

Political observers predict easy victory for Workers Party in Hougang

Angry WP supporter asks PM Lee why his father is still a MP

Low Thia Kiang praised WP’s performance so far


10 Responses to “Png Eng Huat closed down 8 companies in 12 years and only runs a flower shop now”

  1. jaded said

    this is a new low in singapore politics… in years to come, people will remember the hougang by election as the event that turned the people against the PAP

  2. papsmear said

    So what? Did he owe anyone money? Is he in illegal activity? I respect businessman to be able to setup business here and run it despite all the red tapes and wrestlers from GIC and related. It is damn easy to be appointed CEO of GIC related company here. You just need to report to work and don’t have to do anything. Example, bus, mrt breakdown, you just have to be fined few hundred dollars and that’s it. Bid for ESPN at astronomical $ and transfer cost to customers. Write off 1.5Billion in bad investment such as shincorp, ABC learning and so what? You are still chairman. Sell deriatives and shrug off responsibilty when lehman brother crashed? Whereas u pay hongkees in full and sporean got nothing??? P.E.H, I fully support you!!! Honest money are hard to earn. Be urself! Don’t be like others blood suckers and Marther farker.

  3. Did any of the Pee-a-Pee scums even run any business before ?

  4. Elusive Scorp said

    SHIT Times.

  5. papsmear said

    Setup business using own money, can do then do, cannot do then how? Of course wind down lah! U think everybody like u can take public money and invest in shincorp? ABC learning? UBS? Citicorp and lose money and still can be chairman until now? Salary ownself happy happy draw how much u like? Where got a private company that CEO lose billion dollars and no need stepdown one? Only spore have because it is his ffather company.

  6. Divide and Conquer said

    So we must remember Temasek Times has joined the PAP in smearing oppositions.

  7. Crook said

    u should also tell everyone how many billions in losses Temasek Holdings has accumulated ever since PM wife Ho Ching took over as CEO.
    And how many billions Singtel had lost ever since PM Lee’s brother Lee Hsien Yang became its CEO.
    We are talking about BILLIONS of Singaporeans’ hard-earned taxpayers’ money!
    Also how PM Lee’s son bypassed the chain of command to complain to the minister of defence, resulting in him being charged in SAF. He still got his scholarship to MIT anyway.

  8. cheap shot said

    High rental cost here causing SMEs to close down or move out?
    Only successful businessman can contest in GE or BE?

  9. Evil PAPPY said

    PNG scarifies his businesses so as to focus on serving the people. RESPECT!

  10. Henry said

    TIme to show your undies, TT … do we need to publish an anonymous letter for you …

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

Join 1,095 other followers

%d bloggers like this: