‘The timing is now right’: Koufu founder Pang Lim on handing over the reins to a new generation

[SINGAPORE] After more than two decades at the helm of Koufu Group, Pang Lim has stepped down as chief executive officer and handed the baton to Chua Sher Lin, formerly the company’s chief financial officer.

Pang – who remains group chairman – and his wife, Ng Hoon Tien, founded Koufu in 2002 after selling their earlier coffee shop chain, Aik Hua, to Kopitiam.

Koufu began operations with just three branches, including its first air-conditioned food court in Toa Payoh Central. Now, the home-grown food and beverage (F&B) player has around 1,500 employees across more than 70 food courts and coffee shops in Singapore and Macau.