Tat Hong's third-gen strikes out

WITH the first and second generation having built up one of Asia's biggest crane businesses, the third generation of the Tat Hong family is now expanding into new ventures.

Andrew Ng, the second son of Tat Hong CEO Roland Ng, is running a small family investment holding company called Triplestar. Shareholders are his father, older brother Chen Wei and younger brother Christopher.

Triplestar currently has an investment in a healthcare clinic and a drillship builder. Most recently, it worked with a partner to start a childcare and enrichment centre called Posso Preschool at the Big Box mall in Jurong East. Total investments add up to around S$10 million.