Qian Hu's incoming CEO buoyant about aquaculture in expansion plans

Singapore

YAP Kok Cheng will only take over from his uncle in two months. But the incoming chief executive of ornamental fish service provider Qian Hu Corporation already has an ambitious target in mind: to bring the company's revenue across the S$100 million mark.

Mr Yap's uncle, Kenny Yap, had once vowed to do the same. But the company is still struggling.

It posted a 10.2 per cent drop in 2019 revenue to S$76.9 million.

Net profit did increase 128.9 per cent. But for the first half of this year, Qian Hu reported a net loss of S$525,000.

Mr Kenny Yap attributed the losses to unprecedented supply chain disruptions related to Covid-19.

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"This is the first time that we experienced supply chain disruption," he said. "It's a happy problem that the orders and demand are stil…