EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Press release
07 Aug 2025
Four leading entrepreneurs named winners of the EY Entrepreneur Of The Year™ 2025 Singapore awards
- HMI Medical honored with EY-Bank of Singapore Family Enterprise Award of Excellence
- Mrs. Thai Huong, Founder and Chairwoman of Strategic Council of TH Group Joint Stock Company conferred EY-Bank of Singapore Asean Entrepreneurial Excellence award
Professional services organization EY today announced the four recipients of its 24th EY Entrepreneur Of The Year (EOY) 2025 Singapore awards:
EY Entrepreneur Of The Year – Education Services
Mr. Patrick Cheo, CEO, Adam Khoo Learning Technologies Group
EY Entrepreneur Of The Year – Health Care
Ms. Chin Wei Jia, Group CEO, HMI Medical
EY Entrepreneur Of The Year – Real Estate
Mr. Kelvin Lim, Executive Chairman, Executive Director and Group Managing Director, LHN Group
EY Entrepreneur Of The Year – Hospitality Services
Ms. Carolyn Choo, CEO and Managing Director, Worldwide Hotels
Please refer to Fact sheet A for profiles of the winners and their companies.
One of the winners will be named the EY Entrepreneur Of The Year 2025 Singapore, and represent Singapore at the annual EY World Entrepreneur Of The Year™ (WEOY) award in 2026 to compete with contenders from over 40 countries and jurisdictions.
Singapore’s representative to the WEOY award will be announced at the EY EOY Awards Gala to be held on 17 October 2025. Minister for National Development, Mr. Chee Hong Tat, will be the Guest-of-honor at the awards gala.
The four winners had emerged from a pool of over 50 nominations and were selected by an independent judging panel, based on their merits in fulfilling the four globally benchmarked criteria, namely entrepreneurial spirit, growth, purpose and impact.
Please refer to Fact sheet B for members of the judging panel and details of the judging criteria.
The chairperson of the judging panel is Mr. Lee Chuan Teck, Executive Chairman of Enterprise Singapore. He says:
“Be they founders or second-generation business owners, the four winners helm homegrown brands that have thrived through times of change and economic uncertainties. They demonstrate exceptional entrepreneurial grit, innovation and resilience in not just overcoming challenges, but transforming their businesses through decisive strategies and seizing breakthrough opportunities. In doing so, they are helping to shape and elevate their respective industries, and creating broader socioeconomic impact through contributing back to the community, underpinned by a strong sense of purpose.”
Mr. Liew Nam Soon, EY Asia East Deputy Regional Managing Partner, Asean Managing Partner and Singapore and Brunei Managing Partner, Ernst & Young Solutions LLP, adds:
“Collectively, the winners helm homegrown companies with a combined history of over 120 years in Singapore. This speaks to the important socioeconomic role that entrepreneurs play in job creation, industry innovation and quality of life – and underscores our commitment to fostering entrepreneurship in Singapore for the last 24 years. Their leadership in challenging status quo – boldly restructuring the business, venturing into new portfolios, reimagining concepts and adapting strategies in a crisis – is noteworthy. A strong sense of purpose and passion underpins their entrepreneurial journeys, as seen in how they leverage their business strengths and capabilities to drive social responsibility impact at both the corporate and personal levels.”
The winning entrepreneurs shared their thoughts on receiving the awards.
Mr. Patrick Cheo, EY Entrepreneur Of The Year – Education Services, CEO of Adam Khoo Learning Technologies Group Pte Ltd, says:
“It is indeed a privilege and honor to win the EOY award. It is a testimony of the work that is not just myself but my business partner, Adam Khoo, and our colleagues who have worked tirelessly for the last 23 years to build the company from a small set-up to a global business with our digital outreach.”
Ms. Chin Wei Jia, EY Entrepreneur Of The Year – Health Care, Group CEO of HMI Medical, says:
“I’m deeply grateful and humbled for this incredible recognition. This award is only made possible by our remarkable team at HMI Medical, where ‘Together, Everyone Achieves More’. My deepest appreciation goes to our doctors, health care professionals and all team members for your dedication and tireless efforts in caring for our patients and their families. Together, we will keep going above and beyond to make a difference, one patient at a time, for generations to come.”
Mr. Kelvin Lim, EY Entrepreneur Of The Year – Real Estate, Executive Chairman, Executive Director and Group Managing Director of LHN Group, says:
“I'm extremely honored to receive this recognition. This award reflects a meaningful journey shared with my dedicated team, united by our commitment to creating effective, community-driven environments. At LHN, we see every underused property as an opportunity to drive positive change, foster inclusivity, and set new benchmarks in sustainable, adaptive real estate. Our mission remains clear: to make every square foot count, unlocking the full potential of spaces to create possibilities and transform lives.”
Ms. Carolyn Choo, EY Entrepreneur Of The Year – Hospitality Services, CEO and Managing Director of Worldwide Hotels, says:
“I am deeply honored to receive the EY Entrepreneur Of The Year – Hospitality Services award. It reflects the dedication of my team, the trust of our partners and my relentless pursuit of excellence. This affirms our purpose to fulfil the aspirations of today's travelers by creating meaningful experiences and making travel more inclusive. I am grateful and inspired to continue shaping the hospitality landscape in Singapore and beyond, with purpose, humility and impact.”
Two other honorary awards conferred for family enterprise excellence and Asean entrepreneurial excellence
This year, HMI Medical is conferred the EY-Bank of Singapore Family Enterprise Award of Excellence. This award is presented on board the EOY platform and is independent of the EOY program and judging process. The winner is selected by Knowledge Partners, Business Families Institute @ Singapore Management University (BFI @ SMU) and the INSEAD Wendel International Centre for Family Enterprise.
Mr. Liew says:
“Now in its second generation, HMI Medical keeps the founding values close to its core as it continues to build on the legacy set by the founder. Guided by its mission that health care is more than just traditional patient care, the organization actively promotes holistic, quality and convenient care, working with local communities to manage evolving health care needs, with aim of steering toward a healthier society. This highlights how family enterprises can balance the priorities of thriving from generation to generation, delivering business growth and uplifting local communities in a sustained, long-term manner.”
Please refer to Fact sheet C for winner’s quote, winner profile, eligibility and selection criteria.
In another honorary award, Mrs. Thai Huong, Founder and Chairwoman of Strategic Council of TH Group Joint Stock Company is conferred the EY-Bank of Singapore Asean Entrepreneurial Excellence award. The award recognizes successful Southeast Asian businesses that contribute to the economy and community in the region. The award recipient does not compete for the EOY Singapore 2025 title.
Please refer to Fact sheet D for winner’s quote and profile.
Mr. Liew says:
"Mrs. Thai Huong’s ambition to provide safe and healthy food products, quality health care services and education to her countrymen has been inspiring. Driven by her firm belief in sustainability, TH Group’s investment projects are focused on using high technologies integrated with science to produce quality agricultural products, benefitting individuals, households and the broader society across Vietnam and other markets it operates in.”
Partners and sponsors
The Bank of Singapore, wholly owned private banking subsidiary of OCBC, is the platinum sponsor of the EOY awards. Bank of Singapore is the presenting title sponsor for the two honorary awards – the EY-Bank of Singapore Family Enterprise Award of Excellence and the EY-Bank of Singapore Asean Entrepreneurial Excellence Award.
Mr. Jason Moo, Bank of Singapore CEO, says:
“Inspired by the remarkable success stories from last year’s awards, Bank of Singapore is proud to be the platinum sponsor of the EY EOY awards in Singapore for the second year running. Entrepreneurs are the drivers of economic transformation. They take risks and invest in new ventures, turning ideas into opportunities and stimulating economic development in the process. We look forward to honoring their outstanding achievements at this year's awards.”
The Singapore Exchange Limited (SGX) continues as a partner of the EOY awards for the sixth year.
Mr. Pol de Win, Head of Global Sales and Origination, SGX Group, says:
“Entrepreneurship is about vision, grit and pushing boundaries – qualities that Singapore’s business leaders continue to exemplify on both the local and global stage. SGX Group is proud to support their growth journeys, and play a role in helping them grow, lead and inspire across borders by connecting these entrepreneurs with capital markets and global investors. The homegrown champions recognized through the EOY program showcase the next generation of leaders who will shape Singapore’s economic future.”
The official media partners of the awards are The Business Times, The Edge Singapore and Portfolio magazine. The supporters are Action Community for Entrepreneurship; Enterprise Singapore; Singapore Business Federation; and SkillsFuture Singapore.
The EY EOY awards program was launched in Singapore in 2002 to honor entrepreneurs who have created and sustained successful business ventures, as well as to coincide with the government’s focus on fostering entrepreneurship and grooming local entrepreneurs. Now in its 24th year, the program has evolved into a leading business award in Singapore with an international presence and footprint. For more information about the EY EOY program, please visit ey.com/sg/eoy.
-ends-
Notes to editors
About EY
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.
Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.
EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
All in to shape the future with confidence.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young Solutions LLP, a member of the global EY organization.
About EY Entrepreneur Of The Year™
EY Entrepreneur Of The Year™ is the only global program of its kind that supports entrepreneurs as they unlock their ambitions. Established in 1986, this flagship program operates across more than 60 countries and jurisdictions and boasts a global ecosystem of over 30,000 distinguished entrepreneurs. Program participants benefit from lifelong connections, learning resources and insights to help navigate their growth journey, and opportunities to raise the profile of their companies. Each program concludes with a competition and announcement of a winner who goes on to represent their country or region in the ultimate global competition and event for entrepreneurs: EY World Entrepreneur Of The Year™. ey.com/eoy
About Bank of Singapore
Bank of Singapore is the dedicated private banking subsidiary of OCBC. Backed by OCBC’s strong credit ratings of Aa1 by Moody’s and AA- by both Fitch and S&P, it offers a unique value proposition as a safe Singapore-registered private bank.
Its open-architecture product platform backed by strong research capabilities provides clients with first-class private banking and bespoke wealth planning solutions. It is also able to leverage OCBC’s capabilities to extend its clients a broad array of services across the OCBC’s regional and international network.
Bank of Singapore serves high net worth individuals and wealthy families in its key markets of Asia, Greater China, the Indian subcontinent and other international markets.
Headquartered in Singapore, Bank of Singapore and its subsidiaries have offices in the Dubai International Financial Centre, Hong Kong, London, Malaysia and Manila. Its strong performance has won it numerous industry recognitions. Bank of Singapore was named Best Chief Investment Office in Private Banking in Asia by PWM/The Banker in 2024 and Best Private Bank in Asia for use of Technology by PWM in 2025.
About Singapore Exchange (SGX Group)
SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognized for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.
Fact sheet A: EY Entrepreneur Of The Year winner and company profiles
(Information provided by winners’ companies)
1. EY Entrepreneur Of The Year – Education Services
Mr. Patrick Cheo, CEO, Adam Khoo Learning Technologies Group Pte Ltd
About Mr. Patrick Cheo
Patrick Cheo is the co-founder and CEO of Adam Khoo Learning Technologies Group (AKLTG), a Singapore-based education group with global reach. With an initial capital of just $8,000, Patrick scaled the company and diversified globally to achieve $25 million in revenue by 2024 – with close to half coming from overseas markets.
While his co-founder Adam Khoo drives the company’s thought leadership and training expertise, Patrick leads the business with precision and vision. He oversees strategy, operations, marketing, finance, HR and international expansion – laying the foundation for AKLTG’s sustainable growth and digital transformation.
Known for his sharp business acumen and high standards, Patrick also champions a values-driven culture grounded in integrity and growth. When the COVID-19 pandemic disrupted their seminar-based revenue model, he spearheaded the company’s digital pivot – turning adversity into opportunity. Notably, this led to the rapid growth of Piranha Profits, their financial education brand, which now contributes over 80% of the Group’s revenue and reaches learners in 160 countries.
A bold yet pragmatic entrepreneur, Patrick has launched subsidiaries across six countries – always guided by market fit and long-term vision. He has made decisive calls to exit markets when needed, ensuring agility while focused on the company’s core mission.
Today, Patrick continues to chart AKLTG’s global expansion with clarity and conviction – building world-class education brands that empower lives, create value and scale impact across borders.
About Adam Khoo Learning Technologies Group Pte Ltd
Founded in 2002 by Adam Khoo and Patrick Cheo, Adam Khoo Learning Technologies Group Pte Ltd (AKLTG) has established itself as Asia's leading training organization for personal and professional development. Headquartered in Singapore with a global footprint spanning 160 countries, its key markets include the US, Malaysia and Australia.
AKLTG believes that education is the most powerful tool for change. Its mission is to inspire a better world by empowering individuals with the knowledge, mindset and skills to achieve personal, professional and financial success. Through immersive learning experiences and innovative training methods, AKLTG enables people from all walks of life to unlock their full potential and achieve transformative results.
The Group manages three education brands: Aktivate (youth education), Piranha Profits (financial education), and Growth Catalyst (executive education).
2. EY Entrepreneur Of The Year – Health Care
Ms. Chin Wei Jia, Group CEO, HMI Medical
About Ms. Chin Wei Jia
Chin Wei Jia personifies HMI Medical’s 3C values – compassion, competence and collaboration – by constantly exhibiting inspiring leadership qualities since she joined HMI Medical in 2002 after the Asian financial crisis and the September 11 attacks. Joining from the time when the organization was undergoing corporate restructuring enabled her to gain rich industry knowledge and valuable hands-on experiences through 22 years of challenge, growth and transformation.
Today, Wei Jia continues to play a pivotal role in charting ambitious corporate growth plans despite facing increased industry pressures related to rising cost and talent shortages. She remains steadfast in building a future-proof health ecosystem that delivers the best possible quality, service and value to patients, customers and communities in the countries it serves.
By working collaboratively with doctors, team members and industry stakeholders, she has successfully launched several market-first health service offerings, turned around loss-making operations as well as developed comprehensive ambulatory care and specialist centers that offer personalized and cost-effective care options – further enhanced by strategic partnerships with leading medical technology organizations and university hospital systems. She also spearheaded major health-tech integration initiatives through a corporate managed health care service platform to offer value-based and convenient access to care beyond HMI’s owned facilities to a regional network of medical and wellness providers.
Through her active participation on boards and committees that impact business, health and social causes, Wei Jia is passionate about continuing the journey of transforming health care, empowering communities and leaving a lasting legacy for future generations.
About HMI Medical
HMI Medical is a leading integrated health care group with over 25 years of experience across Singapore, Malaysia and Indonesia.
We deliver comprehensive and personalized health care services for over three million patients annually through our two hospitals – Makhota Medical Centre and Regency Specialist Hospital, two ambulatory care centers – Regency Medical Care Centre and HMI Medical Centre, 26 specialist centers across five specialist care brands including Eagle Eye Centre, Harley Street Heart & Vascular Centre and Advanced Urology Associates, 40 HMI OneCare clinics, executive health screening centers, and network of 2000 panel clinics. With our managed health care and telehealth platform, we facilitate seamless and value-driven health care experiences for over 7,500 corporate customers and 14 insurance partners across Asia.
Our commitment to medical excellence and community pledge to build a healthier society through educational initiatives, makes us well poised to address the evolving community health needs across the region.
3. EY Entrepreneur Of The Year – Real Estate
Mr. Kelvin Lim, Executive Chairman, Executive Director and Group Managing Director, LHN Group
About Mr. Kelvin Lim
Kelvin Lim is a transformative leader whose vision and expertise have redefined the real estate landscape in Singapore and beyond. Since joining LHN in 1997, Kelvin has been instrumental in steering the company from a traditional space leasing model to a multidisciplinary real estate powerhouse. His ability to identify and unlock the potential of undervalued properties is a hallmark of his leadership.
Kelvin excels at identifying underutilized and aging properties to unlock their value. His entrepreneurial mindset has led to the development of efficient, aesthetically appealing and functional environments that cater to the evolving needs of tenants. To enhance operational efficiency and drive new revenue streams, he spearheaded LHN’s integrated facilities management and energy business units, offering comprehensive services and renewable energy solutions that complement the Group’s core space optimization strategy.
Earning LHN the Corporate Excellence & Resilience Award at the Singapore Corporate Awards 2020/2021 is a testament to Kelvin’s foresight, calculated risk-taking and adaptability.
About LHN Group
LHN is a leading player in the real estate management sector. The company operates across four key segments: space optimization, property development, facilities management and energy.
LHN specializes in revitalizing underutilized properties through innovative space planning and strategic enhancements, which not only increases net lettable area but also maximizes yield. With presence in Singapore, Indonesia, Myanmar, Cambodia and China, LHN is committed to expanding its footprint across the region, continually adapting to market demands and leveraging growth opportunities.
The Group's approach is characterized by a deep understanding of market dynamics and a commitment to sustainability. By focusing on environmentally friendly practices and integrating advanced technologies, LHN enhances property value while contributing positively to the communities it serves. This holistic approach has positioned LHN at the forefront of the real estate management landscape, setting new standards for excellence and innovation.
4. EY Entrepreneur Of The Year – Hospitality Services
Ms. Carolyn Choo, CEO and Managing Director, Worldwide Hotels
About Ms. Carolyn Choo
Carolyn Choo is a visionary hospitality entrepreneur dedicated to transforming the hospitality landscape to create meaningful experiences and making travel more inclusive. As Chief Executive Officer and Managing Director of Worldwide Hotels (WWH) Group, she leads Singapore’s largest homegrown hotel group, which owns and manages 41 strategically situated properties with over 8,600 rooms, representing more than 10% of the country’s total hotel room supply.
Under her leadership, WWH expanded regionally into key tourism growth markets – Australia, Malaysia, Japan, South Korea and Thailand – owning 11 hotels with over 2,500 rooms in strategic cities. With strong business acumen and a sharp eye for opportunity, she strategically acquired high-quality hotel assets in high-potential destinations, strengthening the Group’s global footprint.
Carolyn pioneered the group’s “lean luxury” concept – redefined luxury for the informed, cosmopolitan traveler as showcased by the group’s landmark hotel, Mercure Icon Singapore City Centre.
Beyond economic success, Carolyn is passionate about empowering young people through inclusive access to education, growth and contribution, so they can realize their full potential and thrive with confidence. She oversees the Group’s foundation, which has donated to local universities, polytechnics, and institute of technical education to provide bursaries to underprivileged students to ease their financial burdens.
Carolyn is a Chartered Accountant (CA), Chartered Financial Analyst (CFA), and a graduate of the Owner/President Management (OPM) program at Harvard Business School. Listed as Forbes Asia’s Power Businesswomen 2023, her growth-oriented leadership continues to propel WWH expansion and innovation across Asia Pacific.
About Worldwide Hotels
Worldwide Hotels (WWH) Group is Singapore’s largest homegrown hotel group, owning and managing 41 strategically located properties across seven brands: ICON Hotel, Hotel Mi, Hotel Boss, V Hotel, Value Hotel, Venue Hotel and Hotel 81.
With over 8,600 rooms, accounting for more than 10% of Singapore’s total hotel rooms inventory, WWH plays a pivotal role in shaping the mid-tier hospitality landscape. Focused on delivering quality stays at accessible prices, the Group is committed to meeting the aspirations of today’s travelers through authentic service and operational excellence.
Regionally, WWH owns 11 hotels with more than 2,500 rooms in key tourism growth cities across Australia, Malaysia, Japan, South Korea and Thailand. These assets reflect its mid-tier positioning and strategy of acquiring quality properties in high-potential markets, operated by established global partners.
Through sustainable practices, heartfelt hospitality, and strategic expansion, WWH redefines affordable travel and contributes meaningfully to the industry and community.
Fact sheet B: EY Entrepreneur Of The Year judging panel and criteria
Judging panel
Mr. Lee Chuan Teck (chairperson of judging panel)
Executive Chairman
Enterprise Singapore
Dr. Ng Gim Choo
Founder and Chairwoman
EtonHouse International Education Group
Dr. Tan Sian Wee
Senior Vice President (Innovation and Enterprise)
National University of Singapore
Mr. Sujey Subramanian
Managing Director, PAG Private Equity, Singapore
PAG
Mr. Jeffrey Tiong
Founder and CEO
Patsnap
EY Entrepreneur Of The Year 2018 Singapore
EY Entrepreneur Of The Year 2018 – Analytics Intelligence
Mr. Lennon Tan
President, Singapore Manufacturing Federation
Group Chairman, ADERA Global Group
EY Entrepreneur Of The Year 2017 - Financial Services Technology Enablement
Mr. Tan Kok Yam
Chief Executive
SkillsFuture Singapore
Judging criteria
The following four judging criteria sets the global standard adhered to by each country participating in the EY Entrepreneur Of The Year awards.
Entrepreneurial spirit
Identifies opportunities to innovate and create a better world.
Takes risks to realize their vision.
Demonstrates courage, perseverance and resilience to overcome significant obstacles.
Growth
Increases market share and expands into new markets.
Drives positive financial performance.
Invests in attracting, developing and retaining a diverse mix of talent.
Builds a culture of innovation that pioneers new approaches or technologies.
Purpose
Commits themselves and their organization to an inspiring purpose and vision.
Drives strategies for a sustainable future business.
Creates and protects value in the long term, across a broad group of stakeholders and ecosystems (e.g., consumers, employees, suppliers, government, communities, investors and shareholders).
Impact
Positively impacts the customers they serve.
Integrates sustainable Environmental, Social and Governance (ESG) practices in their strategy, with robust commitments and execution plans.
Focuses on diversity and inclusion across multiple dimensions.
Fact sheet C: EY-Bank of Singapore Family Enterprise Award of Excellence
Winner profile, eligibility and selection criteria
(Information provided by winners’ companies)
EY-Bank of Singapore Family Enterprise Award of Excellence
HMI Medical
Quote by Ms. Chin Wei Jia, Group CEO, HMI Medical
“My family and I would like to express our heartfelt thanks to the award committee, our incredible team, our partners and our patients who trust us with their health.
This award is not just a recognition of our past achievements but a motivation for our future endeavors, to keep going above and beyond to make a difference, one patient at a time, for generations to come.
We will continue to spark change for the future of health care in Singapore and across the region, and work with our partners and community, so that together, we can build a healthier society.”
About HMI Medical
HMI Medical is a leading integrated health care group with over 25 years of experience across Singapore, Malaysia and Indonesia.
We deliver comprehensive and personalized health care services for over three million patients annually through our two hospitals – Makhota Medical Centre and Regency Specialist Hospital, two ambulatory care centers – Regency Medical Care Centre and HMI Medical Centre, 26 specialist centers across five specialist care brands including Eagle Eye Centre, Harley Street Heart & Vascular Centre and Advanced Urology Associates, 40 HMI OneCare clinics, executive health screening centers, and network of 2000 panel clinics. With our managed health care and telehealth platform, we facilitate seamless and value-driven health care experiences for over 7,500 corporate customers and 14 insurance partners across Asia.
Our commitment to medical excellence and community pledge to build a healthier society through educational initiatives, makes us well poised to address the evolving community health needs across the region.
About family enterprise representative, Ms. Chin Wei Jia
Chin Wei Jia personifies HMI Medical’s 3C values – compassion, competence and collaboration – by constantly exhibiting inspiring leadership qualities since she joined HMI Medical in 2002 after the Asian Financial Crisis and the September 11 attacks. Joining from the time when the organization was undergoing corporate restructuring enabled Wei Jia to gain rich industry knowledge and valuable hands-on experiences through 22 years of challenge, growth and transformation.
Today, Wei Jia continues to play a pivotal role in charting ambitious corporate growth plans despite facing increased industry pressures related to rising cost and talent shortages. She remains steadfast in building a future-proof health ecosystem that delivers the best possible quality, service and value to patients, customers and communities in the countries we serve.
By working collaboratively with doctors, team members and industry stakeholders, she has successfully launched several market-first health service offerings, turned around loss-making operations as well as developed comprehensive ambulatory care and specialist centers that offer personalized and cost-effective care options - further enhanced by strategic partnerships with leading medical technology organizations and university hospital systems. She also spearheaded major health-tech integration initiatives through a corporate managed health care service platform to offer value-based and convenient access to care beyond HMI’s owned facilities to a regional network of medical and wellness providers.
Through her active participation on boards and committees that impact business, health and social causes, Wei Jia is passionate about continuing the journey of transforming health care, empowering communities and leaving a lasting legacy for future generations.
About the award
The EY Family Enterprise Award of Excellence was launched in 2013 to recognize family enterprises that have made significant socioeconomic contributions and demonstrated the ability to harmonize between business and family matters. It is jointly selected by knowledge partners, Business Families Institute @ Singapore Management University and the INSEAD Wendel International Centre for Family Enterprise.
Family enterprises that have been honored include Tecity Group, Ho Bee Land Limited, Agrocorp International Pte. Ltd., Goldbell Group, Hong Leong Group, Far East Organization, Sing Lun Holdings Pte Ltd, Tolaram Group, Jebsen & Jessen (SEA), Eu Yan Sang International, B.P. de Silva Holdings, and the Kewalram Chanrai Group.
Eligibility
Leadership of the company includes family member(s) from second or subsequent generations, or has multiple branches of a family involved in leadership. (i.e., one individual and first generation would not qualify for the award).
The family still has a significant ownership and voting stake and is primarily responsible for setting the strategic direction and values for the firm.
The legal form of the company or group of companies is not relevant.
Companies may be private or publicly traded.
If the shares and voting rights have been transferred to a trust, it will remain to be considered as family enterprise if the family has dominant influence on the trust in a way described above.
The business or headquarter of the business is located in Singapore.
Judging criteria
Company shows evidence of a successful, sustainable and long term-oriented strategy.
Company has adopted an effective and transparent corporate governance approach, enabling the execution of the desired strategy and living out of family values.
Company governance enables unity among the ownership family (i.e., little evidence of significant family disputes impacting the business).
Demonstrated the ability of the family to preserve company culture, tradition and values and maintain the entrepreneurial spirit and continued innovation over generations.
Evidence shown of exceptional personnel management.
Commitment to philanthropic causes or corporate social responsibility.
Other exceptional achievements such as business awards, public service etc.
Fact sheet D: EY-Bank of Singapore Asean Entrepreneurial Excellence Award winner profile
(Information provided by winners’ companies)
EY-Bank of Singapore Asean Entrepreneurial Excellence Award
Mrs. Thai Huong
Founder and Chairwoman of Strategic Council
TH Group Joint Stock Company
Quote by Mrs. Thai Huong, Founder and Chairwoman of Strategic Council of TH Group Joint Stock Company
“I was born of Earth, Water, and Wind. I am as gentle as the Earth, yet as powerful as Water and Wind. Let us cherish Mother Nature, who gives us everything.”
About TH Group Joint Stock Company
Established in 2009, TH Group has been operating several food and beverage projects including manufacturing and processing fresh milk, nut milk, vegetables, herbals, purified water and fruit juice.
With a market share of more than 46%, TH Group has consistently held the top spot among makers of fresh milk in Vietnam. The success of TH has encouraged other businesses in the same industry to invest seriously in hi-tech centralized dairy farms to create true fresh milk. Besides, consumers have been able to see the true value of fresh milk and enjoy quality products with international standards.
TH is currently continuing to complete its mission of “For public health” with the path of providing clean, organic, healthy beverages and nutrition scheme for Vietnamese people.
About Mrs. Thai Huong
A determined and kind-hearted woman, Mrs. Thai Huong is known to have successfully built the TH “True Happiness” brand, with “For Public Health” deeply entrenched as its core value. Mrs. Thai Huong is the trailblazer of Vietnam’s organic and clean agriculture and discovered the “golden key” to revitalizing Vietnam’s agriculture through edge technologies application. In 2008, she implemented a dairy farming and production project with a dairy herd of 70,000 cattle, which was then certified as the World’s Largest Centralized Dairy Farming and Processing Complex in 2020.
During her tenure at TH, she played a pivotal role in laying the foundation for the company and contributing to the development of the fresh milk industry in Vietnam. Under her leadership, TH became the first enterprise authorized to label its products as “Fresh Clean Milk” on the packaging; pioneered proposals to bring greater transparency to Vietnam’s dairy market; and initiated the “Nutrition for Vietnamese People” project, offering solutions to improve the nutritional status of Vietnamese people across all age groups.