Wai-Keung Cheng (BS'71)
Academy of Alumni Fellows 2014
Mr. Wai Keung Cheng joined Wing Tai Holdings Limited in 1974 and was appointed Chairman of the Board in 1994. Today, Wing Tai is Singapore’s leading property and retail group reputed for quality and design. Listed on the Singapore Exchange since 1989, Wing Tai is an investment holding company with a pan-Asia focus, particularly on key markets in Asia viz. Singapore, Malaysia, Hong Kong and China.
He is also appointed Deputy Chairman of Temasek Holdings (Private) Limited, a global investment company wholly owned by the Singapore Government, which has a net portfolio asset value of US $173 billion as of March 31, 2013, with investments in financial services, telecommunications, media and technology, transportation and industrials, life sciences, consumer, real estate, and energy and resources.
In addition, Mr. Cheng is Vice Chairman of Singapore-Suzhou Township Development Pte. Ltd., and a director in China-Singapore Suzhou Industrial Park Development Group Co., Ltd. (People’s Republic of China), the first of bilateral cooperations between the Singapore and Chinese governments to develop a modern township covering 70 sq. km. of land in Suzhou, as well as a director in Singbridge Holdings Pte. Ltd. for large-scale urban planning and development in China and Southeast Asia. He is also a director in Singapore Health Services Pte. Ltd., Singapore’s largest academic healthcare cluster.
Other chairmanships assumed by Mr. Cheng include Power Seraya Ltd. (1995-2000), MediaCorp TV Singapore Pte. Ltd. (1997-2002), Media Corporation of Singapore Pte. Ltd. (1999-2002), global hotel group Raffles Holdings Limited (2001-2006) and Neptune Orient Lines Ltd (2002-2012) which owns the global shipping company, American President Lines (APL).
Mr. Cheng has served on many government bodies, including the Economic Development Board, Singapore Trade Development Board and Singapore Productivity and Standards Board. He also sat on national committees focused on small- and medium-sized enterprise developments and automation, as well as economic development and productivity improvement nationwide.
Mr. Cheng is active in community service through his involvement with grassroots organizations for nearly 30 years. In recognition of his distinguished service, he was awarded state honors, including the Distinguished Service Order (DUBC-Darjah Utama Bakti Cemerlang) in 2007, the Public Service Star (Bar) (BBM-Lintang) in 1997 and the Public Service Star (BBM) in 1987 by the Singapore Government. He has also been appointed Justice of The Peace by the President of the Republic of Singapore since the year 2000.
Mr. Cheng was awarded the Alumni Service Medal in 2006 for his achievements in service to the University of Chicago, from which he graduated with an MBA degree in 1973. He earned his Bachelor of Science degree from the Kelley School of Business in 1971.