Robert Ng Chee Siong, 72, is handing over the baton to his eldest son after 34 years as chairman of the group
Daryl Ng Win Kong, the eldest son of Robert Ng Chee Siong, will take the reins from his father at the HK$127.7 billion (US$16.3 billion) Sino Group, marking the leadership transition to the third-generation scion of the group’s founding family.
Darryl Ng, 47, will step into the chairman’s role from August 31, according to filings from the group companies to the Hong Kong stock exchange on Friday. He will become the chairman of Sino Land, Tsim Sha Tsui Properties and Sino Hotels, whose combined market value is HK$127.7 billion.
Robert Ng, 72, who took over from his father and group founder, the late Ng Teng Fong, in 1991, has decided to retire from his positions in the group, the statement said. He has three sons and three daughters. Nikki Ng Mien Hua, the eldest daughter, is a non-executive director of the company.
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