New Toyo N08

SGD 0.199 +0.00% +0.00 Updated 5 Nov 2026, 14:51 SGT

Company profile

The business, the people and the ownership behind New Toyo.

Business overview

About the company

New Toyo manufactures specialty packaging materials. Its operations span Singapore, Malaysia, Vietnam, Dubai and Indonesia, serving both multinational customers and local businesses.

Annual Report 2025 ↗ Reviewed 2026-10-23 · Source dated 2026-04-10. PDF p. 3

Listed security

Company & listing

Full Company Name: NEW TOYO INTERNATIONAL HOLDINGS LTD
Trading Currency: SGD
Website: www.newtoyo.com
Listing: Listed on 4 April 1997 on SGX Mainboard
ISIN Code: SG1E32850828

Board & management

Leadership

Nine board members and three key management personnel are disclosed. The Group CEO is Angela Heng Chor Kiang. George Lee and Lionel Yap have separate subsidiary/divisional CEO appointments.

YEN WEN HWA

Executive Chairman

Company / Group board PDF p. 10

ANGELA HENG CHOR KIANG

Executive Director;Group Chief Executive Officer

Company / Group board PDF p. 145

WAN TAI FOONG

Non-Executive;Lead Independent Director

Company / Group board PDF p. 10

TAY JOO SOON

Non-Executive;Non-Independent Director

Company / Group board PDF p. 11

TENGKU TAN SRI DR MAHALEEL BIN TENGKU ARIFF

Non-Executive;Non-Independent Director

Company / Group board PDF p. 11

PHUA TIN HOW

Non-Executive;Independent Director

Company / Group board PDF p. 11

DAVID ONG KIM HUAT

Non-Executive;Independent Director

Company / Group board PDF p. 12

OOI HOE SEONG

Non-Executive;Independent Director

Company / Group board PDF p. 12

JAMES YU SIN GIAP

Non-Executive;Independent Director

Company / Group board PDF p. 12

GEORGE LEE CHEE WHYE

Chief Executive Officer

Subsidiary: Tien Wah Press Holdings Berhad PDF p. 13

LIONEL YAP

Chief Executive Officer

Business division: Specialty Papers PDF p. 13

PRISCILLA NG KAR CHOO

Chief Financial Officer

Group PDF p. 13

Roles listed in Annual Report 2025; current appointments are not independently verified.

Holdings

Ownership

As reported at 20 March 2026 · PDF p. 148

Yen Wen Hwa

Direct interest 139,959,164; deemed interest 87,910,517(a)

Substantial shareholders as at 20 March 2026; as shown in the Register of Substantial Shareholders

Lu Le Nhi

Direct interest 29,092,577; deemed interest 198,777,104(b)

Substantial shareholders as at 20 March 2026; as shown in the Register of Substantial Shareholders

Gary Yen

Direct interest 41,939; deemed interest 58,817,940(c)

Substantial shareholders as at 20 March 2026; as shown in the Register of Substantial Shareholders

Yen & Son Holdings Pte Ltd

Direct interest 58,817,940; deemed interest –

Substantial shareholders as at 20 March 2026; as shown in the Register of Substantial Shareholders

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Registered & depository holders 20 holders

Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 20 March 2026 · PDF p. 147

Registered holder	Interest	Source
YEN WEN HWA	139,959,164 shares; 31.90%	PDF p. 14720 March 2026
YEN & SON HOLDINGS PTE LTD	58,817,940 shares; 13.41%	PDF p. 14720 March 2026
LU LE NHI MRS YEN WEN HWA	29,092,577 shares; 6.63%	PDF p. 14720 March 2026
DBS NOMINEES PTE LTD	20,543,929 shares; 4.68%	PDF p. 14720 March 2026
CHIA KEE KOON	20,456,500 shares; 4.66%	PDF p. 14720 March 2026
CITIBANK NOMS SPORE PTE LTD	9,435,102 shares; 2.15%	PDF p. 14720 March 2026
CHUA KUAN LIM, CHARLES	6,736,300 shares; 1.54%	PDF p. 14720 March 2026
PHILLIP SECURITIES PTE LTD	5,568,000 shares; 1.27%	PDF p. 14720 March 2026
MAYBANK SECURITIES PTE. LTD.	4,930,600 shares; 1.12%	PDF p. 14720 March 2026
NG KEE SENG	3,653,400 shares; 0.83%	PDF p. 14720 March 2026
YEO KHEE CHYE	3,320,000 shares; 0.76%	PDF p. 14720 March 2026
GOH LEH HONG	3,109,400 shares; 0.71%	PDF p. 14720 March 2026
OCBC SECURITIES PRIVATE LTD	3,068,700 shares; 0.70%	PDF p. 14720 March 2026
LEE WOON KIAT	2,900,036 shares; 0.66%	PDF p. 14720 March 2026
WEE HIAN KOK	2,614,100 shares; 0.60%	PDF p. 14720 March 2026
RAFFLES NOMINEES (PTE) LIMITED	2,375,520 shares; 0.54%	PDF p. 14720 March 2026
GOH KIAN SOON (WU JIANSHUN)	2,360,200 shares; 0.54%	PDF p. 14720 March 2026
FUNG KOON YAU	2,321,280 shares; 0.53%	PDF p. 14720 March 2026
YAN KHAI CHI	1,743,000 shares; 0.40%	PDF p. 14720 March 2026
UNITED OVERSEAS BANK NOMINEES P L	1,585,700 shares; 0.36%	PDF p. 14720 March 2026

Group structure

Main operating subsidiaries

The report presents thirty subsidiaries with their principal place of business and proportions of ownership interest, split between holdings by the Company and holdings by subsidiaries. Indirect ownership percentages are retained on the source basis; Group effective interests are not inferred. Vina Toyo is marked50%* and deemed a subsidiary because the Company can direct the relevant activities.

Company	Market	Ownership interest
New Toyo Aluminium Paper Product Co (Pte) Ltd (1)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Singapore; ownership interest 2025: 100%; 2024: 100%
New Toyo Corrugated Products Pte Ltd (1)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Singapore; ownership interest 2025: 100%; 2024: 100%
New Toyo International Co (Pte) Ltd (1)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Singapore; ownership interest 2025: 100%; 2024: 100%
Singapore Pacific Investments Pte Ltd (1)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Singapore; ownership interest 2025: 100%; 2024: 100%
New Toyo Lamination (M) Pte Ltd (1)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Singapore; ownership interest 2025: 100%; 2024: 100%
Sealink International Limited (3)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Hong Kong; ownership interest 2025: 100%; 2024: 100%
Pacific Eagle Investment Limited (3)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 90	Hong Kong; ownership interest 2025: 100%; 2024: 100%
Toyoma Non-Carbon Paper Manufacturer Sdn Bhd (3)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 100%; 2024: 100%
New Toyo (Vietnam) Aluminium Paper Packaging Co., Ltd (2)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Vietnam; ownership interest 2025: 100%; 2024: 100%
Fast Win Enterprise Limited (3)Held by the Company; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Hong Kong; ownership interest 2025: 100%; 2024: 100%
New Toyo Investments Pte Ltd (1)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Singapore; ownership interest 2025: 55%; 2024: 55%
Tien Wah Holdings (1990) Sdn Bhd (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 100%; 2024: 100%
Tien Wah Press Holdings Berhad (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 55%; 2024: 55%
Tien Wah Press (Malaya) Sdn Bhd (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 55%; 2024: 55%
Tien Wah Properties Sdn Bhd (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 55%; 2024: 55%
Tien Wah Press Services Sdn. Bhd. (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 55%; 2024: 55%
Paper Base Converting Sdn Bhd (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Malaysia; ownership interest 2025: 100%; 2024: 100%
New Toyo Aluminium Gulf Paper Packaging FZE (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	Dubai; ownership interest 2025: 100%; 2024: 100%
New Toyo Paper Products (Shanghai) Co., Ltd (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	People’s Republic of China; ownership interest 2025: 100%; 2024: 100%
Wuhu New Asia Paper Products Co., Ltd (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 91	People’s Republic of China; ownership interest 2025: 100%; 2024: 100%
Jing Cheng Beijing Duck Restaurant Sdn. Bhd. (formerly known as New Ocean Beijing Duck Restaurant Sdn. Bhd.) (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Malaysia; ownership interest 2025: 100%; 2024: 100%
Sen Yang Enterprise Co., Ltd (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	People’s Republic of China; ownership interest 2025: 100%; 2024: 100%
Vina Toyo Company Ltd (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024; deemed subsidiary by controlPDF p. 92	Vietnam; ownership interest 2025: 50%; 2024: 50%
Alliance Print Technologies Co., Ltd (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Vietnam; ownership interest 2025: 55%; 2024: 55%
Alliance Print Technologies FZE (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Dubai; ownership interest 2025: 55%; 2024: 55%
Max Ease International Limited (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Hong Kong; ownership interest 2025: 77%; 2024: 77%
Max View Holdings Limited (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Hong Kong; ownership interest 2025: 77%; 2024: 77%
Anzpac Services (Australia) Pty Ltd (3)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Australia; ownership interest 2025: 77%; 2024: 77%
PT Bintang Pesona Jagat (2)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Indonesia; ownership interest 2025: 77%; 2024: 77%
Max Ease International (SG) Pte Ltd (4)Held by subsidiaries; proportion of ownership interest as printed — FY2025 / FY2024PDF p. 92	Singapore; ownership interest 2025: 77%; 2024: 77%

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Item	Value	Source
GEORGE LEE CHEE WHYE	Chief Executive Officer; (Tien Wah Press Holdings Berhad)	PDF p. 13
LIONEL YAP	Chief Executive Officer; (Specialty Papers)	PDF p. 13
PRISCILLA NG KAR CHOO	Chief Financial Officer	PDF p. 13

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

Item	Value	Period / scope	Source
Number of Issued Shares	439,424,603 shares	As at 20 March 2026, including treasury shares · As at 2026-03-20	PDF p. 147
Number of Issued Shares (excluding Treasury Shares)	438,690,803 shares	As at 20 March 2026 · As at 2026-03-20	PDF p. 147
Class of Share	Ordinary share	As at 20 March 2026 · As at 2026-03-20	PDF p. 147
Voting Rights	One vote per ordinary share	As at 20 March 2026 · As at 2026-03-20	PDF p. 147
439,424,603 shares	132,102 $'000	Group and Company, 31 December 2025 (2024 comparative: 132,102)	PDF p. 109

Treasury shares

Item	Value	Period / scope	Source
Number / Percentage of Treasury Shares	733,800 / 0.17%	As at 20 March 2026 · As at 2026-03-20	PDF p. 147
treasury shares	716,800 shares	31 December 2025 (31 December 2024: 716,800)	PDF p. 109
Number of Shares / Percentage held by Subsidiary Holdings	Nil	As at 20 March 2026 · As at 2026-03-20	PDF p. 147

Shareholding distribution

Item	Value	Period / scope	Source
TOTAL	4,213 shareholders	As at 20 March 2026 · As at 2026-03-20	PDF p. 147
1 - 99	6 holders; 0.14% of holders; 50 shares; 0.00% of shares	As at 20 March 2026; shares exclude treasury shares · As at 2026-03-20	PDF p. 147
100 - 1,000	1,080 holders; 25.64% of holders; 1,061,452 shares; 0.24% of shares	As at 20 March 2026; shares exclude treasury shares · As at 2026-03-20	PDF p. 147
1,001 - 10,000	1,891 holders; 44.89% of holders; 8,736,413 shares; 1.99% of shares	As at 20 March 2026; shares exclude treasury shares · As at 2026-03-20	PDF p. 147
10,001 - 1,000,000	1,203 holders; 28.55% of holders; 88,111,240 shares; 20.09% of shares	As at 20 March 2026; shares exclude treasury shares · As at 2026-03-20	PDF p. 147
1,000,001 AND ABOVE	33 holders; 0.78% of holders; 340,781,648 shares; 77.68% of shares	As at 20 March 2026; shares exclude treasury shares · As at 2026-03-20	PDF p. 147

Free float

Item	Value	Period / scope	Source
public float	approximately 47.40% of the issued shares of the Company (excluding treasury shares) is held by the public and thus Rule 723 of the SGX-ST Listing Manual is complied with	As at 20 March 2026 · As at 2026-03-20	PDF p. 147

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

Item	Value	Period / scope	Source
New Toyo Pulppy (Vietnam) Co., Ltd - Sale of chipboard, duplex board and core	217 S$'000	Group; transactions excluding those <S$100,000 and shareholders' mandate transactions; FY2025	PDF p. 144
New Toyo Pulppy (Vietnam) Co., Ltd - Sale of jumbo reels	6,029 S$'000	Group; transactions conducted under shareholders' mandate pursuant to Rule 920; FY2025	PDF p. 144
New Toyo Pulppy (Vietnam) Co., Ltd - Sale of virgin pulp	2,539 S$'000	Group; transactions conducted under shareholders' mandate pursuant to Rule 920; FY2025	PDF p. 144
New Toyo Pulppy (Hong Kong) Ltd, Toyoma Aluminium Foil Packaging Sdn Bhd and Yen & Son Holdings Pte Ltd - Recharge of anniversary event expenses	552 S$'000	Group; transactions excluding those <S$100,000 and mandate transactions; FY2025	PDF p. 144
Yen & Son Holdings Pte Ltd - Leasing of office space	340 S$'000	Group; transactions excluding those <S$100,000 and mandate transactions; FY2025	PDF p. 144
New Ocean World Fine Food City Sdn Bhd and its joint ventures - Sale of food and beverages supplies and equipment	235 S$'000	Group; transactions excluding those <S$100,000 and mandate transactions; FY2025	PDF p. 144
Toyoma Aluminium Foil Packaging Sdn Bhd, Miss Ao Dai Ice Cream & Coffee Sdn Bhd, New Ocean World Japanese Restaurants Sdn Bhd, and Wen Yuan Vegetarian Restaurant Sdn Bhd - Utilities charges	143 S$'000	Group; transactions excluding those <S$100,000 and mandate transactions; FY2025	PDF p. 144
Toyoma Aluminium Foil Packaging Sdn Bhd, Miss Ao Dai Ice Cream & Coffee Sdn Bhd, New Ocean World Japanese Restaurants Sdn Bhd, and Wen Yuan Vegetarian Restaurant Sdn Bhd - Sale of food and beverages supplies, equipment and signboard	248 S$'000	Group; transactions excluding those <S$100,000 and mandate transactions; FY2025	PDF p. 144
Sale of raw materials/finished goods	9,939 $'000	Group; with companies in which certain directors and substantial shareholders have significant influence; 2025 (2024 comparative: 6,280)	PDF p. 120
Rental paid/payable	(467) $'000	Group; with companies in which certain directors and substantial shareholders have significant influence; 2025 (2024 comparative: (428))	PDF p. 120
Professional fees paid/payable	(6) $'000	Group; with companies in which certain directors have significant influence; 2025 (2024 comparative: (6))	PDF p. 120
Sale of raw materials/finished goods	16 $'000	Group; with joint ventures; 2025 (2024 comparative: 291)	PDF p. 120
Key management personnel compensation total	4,919 $'000	Group; 2025 (2024 comparative: 4,880)	PDF p. 121

Contingent liabilities

Item	Value	Period / scope	Source
29. Contingent liabilities	The Company has given undertakings to provide continuing financial support to certain subsidiaries (2024: certain subsidiaries), to enable these subsidiaries to continue its operations for at least the next twelve months.	Company · As at 2025-12-31	PDF p. 122

Director remuneration

Item	Value	Period / scope	Source
Executive Chairman Yen Wen Hwa	801,318 S$	FY2025; total remuneration	PDF p. 33
Group Chief Executive Officer and Executive Director Angela Heng Chor Kiang	463,716 S$	FY2025; total remuneration	PDF p. 33
Tengku Tan Sri Dr Mahaleel bin Tengku Ariff	70,000 S$	FY2025; Non-Independent Director; total remuneration (director fee)	PDF p. 33
Wan Tai Foong	80,000 S$	FY2025; Lead Independent Director; total remuneration (director fee)	PDF p. 33
Phua Tin How	75,000 S$	FY2025; Independent Director; total remuneration (director fee)	PDF p. 33
Tay Joo Soon	70,000 S$	FY2025; Non-Independent Director; total remuneration (director fee)	PDF p. 33
David Ong Kim Huat	55,000 S$	FY2025; Independent Director; total remuneration (director fee)	PDF p. 33
Ooi Hoe Seong	70,000 S$	FY2025; Independent Director; total remuneration (director fee)	PDF p. 33
James Yu Sin Giap	50,000 S$	FY2025; Independent Director; total remuneration (director fee)	PDF p. 33

Properties

Item	Value	Period / scope	Source
No. 16 Soon Lee Road	Leasehold 60 years commencing from 16 November 1969	Major property; Singapore 628079	PDF p. 141

Outlook

Item	Value	Period / scope	Source
Chairman's Message - Positioning for long-term growth	Nevertheless, the Group believes that the long-term fundamentals of the packaging and specialty materials industry remain positive	Executive Chairman, Yen Wen Hwa	PDF p. 5

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Source: Annual Report 2025 ↗

Corporate information

Registration & contacts

Incorporated In: SINGAPORE
Incorporated On: 28 Feb 1996
Email: [email protected]
Telephone: 65 62382188
Fax: 65 62381082
Registered Office: 36 Robinson Road
#20-01 City House
Singapore 068877
Secretary: Lee Wei Hsiung
Loo Shi Yi
Registrar / Transfer Agent: ASCENTIUM CORPORATE SERVICES PTE. LTD.
Registrar Address: 36 Robinson Road, #20-01 City House, Singapore 068877
Auditors: ERNST & YOUNG LLP
Other Stock Exchange Listings: *SINGAPORE EXCHANGE LTD.
Country: SINGAPORE
Security Type: stocks