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From losing S$100m to earning S$55m profit

Two years ago, Hi-P CEO Yao Hsiao Tung had to postpone his plans to slow down. Now that business has stabilised, he's back to succession planning

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Mr Yao, revealing that he has a "big dream" and a way to achieve it, said he's considering acquisitions in the automotive and healthcare industries.

Singapore

IN 2015, Yao Hsiao Tung was 75 and looking to slow down. He'd begun seeking his successor as chief executive officer of Hi-P International Ltd, a contract manufacturer for customers including Apple Inc and Amazon.com Inc. But an annual loss, and the US$126 million claim that Hi-...

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