Dr Cheo Tong Choon @ Lee Tong Choon
Chairman and Executive Director
First appointed 29 October 2010; Nominating member. Same person under both source aliases.The business, the people and the ownership behind Mewah Intl.
Business overview
Mewah International Inc. is a global food and agribusiness focused on edible oils and fats. Its operations cover sourcing, refining, processing, packing, branding, marketing and distribution. It manufactures oils, specialty fats, bakery and confectionery ingredients, biodiesel and dairy products, and markets rice, cashews, premixes, soap and other agricultural products. Its manufacturing operations span Malaysia, Singapore, Indonesia and China, with products sold in over 100 countries under brands including OKI and MOI.
Listed security
Board & management
Seven current directors after AGM24April2026: three executive and four independent, including newly appointed Muliadi. Fawzia is separately retained as former director. Six other senior managers and one Company Secretary; family executives listed in senior management are not duplicated. Fourteen distinct current people plus one former director and one dated AGM context.
Chairman and Executive Director
First appointed 29 October 2010; Nominating member. Same person under both source aliases.Deputy Chairperson, Executive Director and Chief Executive Officer
First appointed 29 October 2010; joined2003; overall Group strategy and operations. CEO and Deputy Chairperson are combined roles.Executive Director and Deputy Chief Executive Officer
First appointed29October2010; Consumer Pack business. Deputy CEO is distinct from CEO Michelle.Lead Independent Director
First appointed26April2024; Nominating and Remuneration Chairman.Independent Director
First appointed26April2024; Audit Chairperson, Nominating and Remuneration member.Independent Director
First appointed26February2021; Audit and Remuneration member.Chief Financial Officer
CFO since2019; Group finance, treasury, tax, financial reporting and investor relations. Not issuer Board.Head of Trading and Merchandising
Joined1995; edible oils trading and marketing. Not issuer Board.Senior Executive Vice President, Commercial
Joined2012; promoted2023; Indonesia/East Malaysia vegetable-oil and tanker business. Not issuer Board.Head of Risk Management
Joined1987; operational controls and Group risk. Not issuer Board.Head of Operations (Malaysia)
Joined1988; factory production, quality, procurement and delivery. Not issuer Board.Head of Technical & Operations (South)
Joined2011; technical and operations of key factories/projects. Not issuer Board.Company Secretary
Annual Company Secretary; not issuer Board.Independent Director
Appointed from the conclusion of AGM24April2026; Audit and Nominating member. Annual p13 describes only a proposed appointment; AGM minutes confirm it took effect. As reported at 2026-04-24Former Independent Director
Retired at conclusion of AGM24April2026 and ceased Audit/Nominating membership; did not seek re-election. Annual seven-person Board includes her, while post-AGM Board replaces her with Muliadi, remaining seven. As reported at 2026-04-24Cheo Tong Choon and Bianca Cheo Hui Hsin re-elected; Muliadi Rahardja appointed; Fawzia Binti Abdullah retired
All resolutions passed. Appointment and retirement took effect at conclusion of AGM. PwC re-appointed; annual report signing partner remains Mark Adam Mathew. As reported at 2026-04-24Roles listed in Annual Report 2025; current appointments are not independently verified.
Holdings
Twenty registered accounts,16substantial-holder rows,10register/source contexts and3dated August interest updates. Printed aggregate94.89 versus exact94.88 qualified. Annual Awen84,217,935 versus trust-chain85,401,335 and AGM director deemed-column differences retained without invented reconciliation. Annual and August trustee names retained as dated source wording. Direct/deemed interests and repeated family/trust attribution overlap.
The AGM24April2026 abstention schedule prints84,217,935 deemed shares for BOS Trustee/Bank of Singapore/OCBC, whereas the annual27February2026 substantial-holder schedule prints85,401,335. August Michelle/Bianca direct percentages0.15/0.17 differ from annual0.14/0.16 despite unchanged direct counts. Dated originals remain separate; these source discrepancies are not reconciled by assumption.
0.00%Total interest
28.23%Total interest
0.00%Total interest
20.08%Total interest
49.76%Total interest
48.31%Total interest
48.41%Total interest
48.31%Total interest
48.31%Total interest
0.00%Total interest
0.00%Total interest
0.00%Total interest
5.61%Total interest
5.69%Total interest
5.69%Total interest
5.69%Total interest
1,500,667,440 shares
One vote per ordinary share; not EPS weighted shares. As reported at 2026-02-27US$1,500,667
Whole-US-dollar legal capital; primary balance sharecapital1501 is US$000 rounded presentation. As reported at 2026-02-272,804 holders
Distribution holder counts sum to stated total. As reported at 2026-02-2793 / 910,100 / 5,699,762 / 61,394,673 / 1,432,662,812 shares
Holder counts2/926/919/932/25. Distinct from the twenty largest register rows. As reported at 2026-02-2794.89%Total interest
Approximately16.46%
Issuer stated public shareholding; nominee accounts are not assigned to unknown beneficial owners. As reported at 2026-02-2765.79%Total interest
95.73%; 20,912,000 voting rights
Annual notes name Kleinwort Hambros Trust Company (CI) Limited as trustee; beneficiaries include Michelle/Bianca/Sara/JianJia, settlor DrCheo. 1810 ownership and Unity/TCS chain overlap. Cheo Seng Jin assigned20,912,000 voting rights toUnity, distinct from transferring legal shares. As reported at 2026-02-2784,217,935 / 85,401,335 shares
Awen direct and Cheo Sor Cheng Angeline deemed84,217,935; BOSTrustee/BankofSingapore/OCBC deemed85,401,335. Note8 explains control chain but does not reconcile1,183,400 difference. No silent correction to equal amounts. AGM24April2026 separately reports84,217,935 for each of BOS Trustee, Bank of Singapore and OCBC. Annual27February2026 reports85,401,335 for that chain. The dated discrepancy remains unresolved; no common amount is substituted. As reported at 2026-02-27727,154,218 / 728,876,718 shares
AGM deemed column shows Michelle727,154,218 andBianca728,876,718, which equal their annual direct-plus-deemed totals. August Form1 before-event separately shows the original annual deemed724,990,618/726,416,618. These differently dated source columns are retained without silently reallocating interests. As reported at 2026-04-24Direct0; deemed747,322,118 shares; 49.8%; total747,322,118 shares
Same550,000shares acquired by T.C.Stone atS$0.3100per share attributed through the trust, not three separate purchases or direct purchases by these directors. Source August trustee nameJTC TRUST COMPANY(CI)LIMITED retained separately from annual KleinwortHambros wording. Source percentages kept for each dated filing; February register is not rewritten. As reported at 2026-08-1848.49%Total interest
48.61%Total interest
Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-02-27 · PDF p. 179
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| Citibank Nominees Singapore Pte Ltd | 457,883,027 shares; 30.51% | PDF p. 1792026-02-27 | |
| Eighteen Tenth Nineteen Forty Four Inc. | 361,048,720 shares; 24.06% | PDF p. 1792026-02-27 | |
| T.C. Stone Limited | 301,397,398 shares; 20.08% | PDF p. 1792026-02-27 | |
| CGS International Securities Singapore Pte. Ltd. | 111,657,400 shares; 7.44% | PDF p. 1792026-02-27 | |
| UOB Kay Hian Private Limited | 47,822,132 shares; 3.19% | PDF p. 1792026-02-27 | |
| Cheo Mingyou (Shi Mingyou) | 27,805,500 shares; 1.85% | PDF p. 1792026-02-27 | |
| DBS Nominees (Private) Limited | 21,713,550 shares; 1.45% | PDF p. 1792026-02-27 | |
| Pearl Cheo | 14,914,500 shares; 0.99% | PDF p. 1792026-02-27 | |
| BNP Paribas Nominees Singapore Pte. Ltd. | 14,199,000 shares; 0.95% | PDF p. 1792026-02-27 | |
| Loo Choon Yong | 14,190,000 shares; 0.95% | PDF p. 1792026-02-27 | |
| Tsao Chin Mey Jimmy | 9,000,000 shares; 0.60% | PDF p. 1792026-02-27 | |
| Goi Seng Hui | 8,940,000 shares; 0.60% | PDF p. 1792026-02-27 | |
| DB Nominees (Singapore) Pte Ltd | 6,015,200 shares; 0.40% | PDF p. 1792026-02-27 | |
| Phillip Securities Pte Ltd | 5,159,047 shares; 0.34% | PDF p. 1792026-02-27 | |
| OCBC Securities Pte Ltd | 4,962,600 shares; 0.33% | PDF p. 1792026-02-27 | |
| Sukumaran S/O Ramasamy | 4,000,000 shares; 0.27% | PDF p. 1792026-02-27 | |
| Wong Wei Lan | 3,558,000 shares; 0.24% | PDF p. 1792026-02-27 | |
| Goh Bee Lan | 3,460,000 shares; 0.23% | PDF p. 1792026-02-27 | |
| Jin Hong | 3,110,000 shares; 0.21% | PDF p. 1792026-02-27 | |
| Cheo Tiong Heng @ Lee Tiong Heng | 3,063,930 shares; 0.20% | PDF p. 1792026-02-27 | |
Group structure
Thirteen significant Note41 subsidiaries, plusPTPalutaIntiSawit acquiredDecember2025 andtwoannounced2025indirectwhollyownedentities. This is not a claim that Note41 lists every group subsidiary. PTAgroRayaMasformerlyPTAbleCommoditiesIndonesia counts once. SubsequentKrispiNigerstrike-off kept separately. Nonmaterial49%associate remains unnamed inNote23; legalname/country not invented.
| Company | Market | Ownership interest |
|---|---|---|
| Mewah-Oils Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of vegetable oil products | |
| Ngo Chew Hong Oils & Fats (M) Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of vegetable oil products | |
| Mewaholeo Industries Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of vegetable oil products | |
| Mewah Datu Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of vegetable oil products | |
| MOI Foods Malaysia Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of downstream vegetable oil based food and personal care products | |
| Mewah Dairies Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of dairy related products | |
| Bremfield Sdn BhdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Malaysia incorporation; Malaysia operations; equity2025/2024 100/100%; Manufacturing and selling of biodiesel related products | |
| Mewah Oils & Fats Pte LtdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Singapore incorporation; Singapore operations; equity2025/2024 100/100%; Trading of edible oils, fats and related products | |
| Ngo Chew Hong Edible Oil Pte LtdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Singapore incorporation; Singapore operations; equity2025/2024 100/100%; Packaging and trading of edible oils and dairy related products | |
| MOI International (Singapore) Pte LtdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1752025-12-31 | Singapore incorporation; Singapore operations; equity2025/2024 100/100%; Trading of food products, dairy related products and agricultural raw materials | |
| Mewah Marketing Pte LtdNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1762025-12-31 | Singapore incorporation; Singapore operations; equity2025/2024 100/100%; Trading of edible oils, fats and related products | |
| PT Agro Raya Mas (formerly known as PT Able Commodities Indonesia)Note41 significant subsidiary; Group effective holding 70% in both years. Formerly PT Able Commodities Indonesia, one entity. FY2025 Note6 discloses a fire, PPE/inventory write-offs and goodwill impairment; insurance recovery remained subject to finalisation.PDF p. 1762025-12-31 | Indonesia incorporation; Indonesia operations; equity2025/2024 70/70%; Manufacturing and selling of vegetable oil products | |
| PT Agro MurniNote41 significant subsidiary; Group effective holding, not an assertion of direct Company ownership.PDF p. 1762025-12-31 | Indonesia incorporation; Indonesia operations; equity2025/2024 100/100%; Manufacturing and selling of vegetable oil products | |
| PT Paluta Inti SawitAcquisition completed17December2025 throughPTAgroPerkasa andCavenaghOleo(S)PteLtd. Indonesian palm-oil facilities. Cash acquired41US$000, netcashoutflow4133US$000; acquisition-relatedcost42US$000 expensed separately. Not in13-significant-subsidiary Note41 table but separately disclosed business combination.PDF p. 1712025-12-17 | 100%; total consideration US$4,174,000 | |
| PT. Agro Industrial ParkIndirect wholly owned entity announced14August2025. PTAgroIndustrialPark held99.99% byCavenaghOleo(S) and0.01% byPTAgroPerkasa; Ecuadorentity held byNgoChewHongCorporation. Registeredcapital currencies are retained, not converted toSGD.PDF p. 12025-08-14 | Indonesia; effective100%; IDR11,000,000,000 | |
| MOI Foods Ecuador Mewah S.A.SIndirect wholly owned entity announced14August2025. PTAgroIndustrialPark held99.99% byCavenaghOleo(S) and0.01% byPTAgroPerkasa; Ecuadorentity held byNgoChewHongCorporation. Registeredcapital currencies are retained, not converted toSGD.PDF p. 12025-08-14 | Republic of Ecuador; effective100%; USD1,000 | |
| Krispi Niger Limited14August2026 announcement confirms removal fromTradeandMovableCreditRegister and no longer a subsidiary. Separate subsequent event; exact legal strike-off date not given.PDF p. 12026-08-14 | Former dormant wholly owned subsidiary; struck off | |
| Associated company — legal name not disclosed in Note23Audited Note23 says not material and supplies49% interest and financial summary but no investee legal name or country. Explicit disclosure gap; no inferred named associate or joint venture.PDF p. 1422025-12-31 | 49%; carrying value2025/2024 567/507US$000 | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| MR SHYAM KUMBHAT | Head of Trading and Merchandising | PDF p. 14 | |
| MR CHEO JIAN JIA | Senior Executive Vice President, Commercial | PDF p. 14 | |
| MR ANIL DASHRATH INGROLE | Head of Technical & Operations (South) | PDF p. 15 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Prelude Gateway Sdn. Bhd. | 159; 3,925 | FY2025; col1 aggregate IPTs excl. <S$100,000 and shareholders' mandate; col2 IPTs under shareholders' mandate (Rule 920); An associate of the Company | PDF p. 84 |
| Ecollex Sdn. Bhd. | 6; 16,141 | FY2025; col1 non-mandate IPTs; col2 mandate IPTs; An associate of the Chairman | PDF p. 84 |
| Containers Printers Pte Ltd | NIL; 153 | FY2025; col1 non-mandate IPTs; col2 mandate IPTs; An associate of sibling of the Chairman | PDF p. 84 |
| Nature International Pte Ltd | NIL; 299 | FY2025; col1 non-mandate IPTs; col2 mandate IPTs; An associate of sibling of the Chairman | PDF p. 84 |
| Mr Cheo Seng Jin | 882; NIL | FY2025; col1 non-mandate IPTs; col2 mandate IPTs; Sibling of the Chairman | PDF p. 84 |
| Mr Cheo Tiong Choon | 882; NIL | FY2025; col1 non-mandate IPTs; col2 mandate IPTs; Sibling of the Chairman | PDF p. 84 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 32. CONTINGENT LIABILITIES (Group) | management assessed the likelihood of penalties as remote. | Group; wholly owned subsidiary land authority penalties for manufacturing plant project delays · As at 31 December 2025 | PDF p. 150 |
| Company | US$777,867,000 | Company; unsecured corporate guarantees to banks for subsidiaries' borrowings; 2024: US$617,853,000 · As at 31 December 2025 | PDF p. 150 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dr Cheo Tong Choon @ Lee Tong Choon | 3,273,853 SGD | FY2025; Executive Chairman; Total Remuneration (SGD); fixed 79%, variable 20%, benefits 1% | PDF p. 70 |
| Ms Michelle Cheo Hui Ning | 1,436,314 SGD | FY2025; Total Remuneration (SGD); fixed 78%, variable 21%, benefits 1% | PDF p. 70 |
| Ms Bianca Cheo Hui Hsin | 1,432,658 SGD | FY2025; Total Remuneration (SGD); fixed 78%, variable 21%, benefits 1% | PDF p. 70 |
| Mr Eu Yee Ming Richard | 65,000 SGD | FY2025; Total Remuneration (SGD); fixed 100% | PDF p. 70 |
| Professor Koh Annie | 65,000 SGD | FY2025; Total Remuneration (SGD); fixed 100% | PDF p. 71 |
| Datuk Dr Fawzia Binti Abdullah | 64,000 SGD | FY2025; Total Remuneration (SGD); fixed 100% | PDF p. 71 |
| Tan Sri Dato' A Ghani Bin Othman | 64,000 SGD | FY2025; Total Remuneration (SGD); fixed 100% | PDF p. 71 |
| Total Remuneration* | S$4,312,041 | FY2025; top five key management personnel (not directors or CEO) | PDF p. 71 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| workforce | over 4,000 plus strong workforce | Group worldwide, per CEO's message | PDF p. 9 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 39. EVENTS OCCURRING AFTER BALANCE SHEET DATE | Subsequent to the reporting date, geopolitical tensions in the Middle East escalated in March 2026, | Group | PDF p. 174 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Corporate information