Allan Ng Poh Meng (born in 1942) is a Singaporean businessman. He was a deputy chairman of United Overseas Bank and the chairman of the Association of Banks in Singapore from 1983 to 1985. He stepped down as UOB's deputy chairman in December 1985.

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  • Allan Ng Poh Meng (born in 1942) is a Singaporean businessman. He was a deputy chairman of United Overseas Bank and the chairman of the Association of Banks in Singapore from 1983 to 1985. He stepped down as UOB's deputy chairman in December 1985. In 1988, he was charged with insider trading for purchasing 1 million shares in Sealion Hotels, owner of Singapore's Grand Hyatt Hotel, (now First Capital) with prior knowledge that the company had asked the Singapore Stock Exchange for the suspension of its shares to be lifted. The Deputy Public Prosecutor in the trial was Glenn Knight. Ng pleaded guilty after a trial that lasted 77 days, making it the longest trial in Singapore at that time. On 16 September 1989, Ng was sentenced to a year in jail, fined S$12,000 for violating the Securities Industry Act, and had his profit of S$50,000 from the transaction forfeited, marking the end of Singapore's first successful prosecution of an insider trading case. Previous attempts to prosecute insider trading had resulted in acquittals over points of law or because of a lack of evidence. However, the judge allowed the jail term to be deferred pending appeal, and it was changed to an additional S$50,000 fine in 1991. After his conviction, Ng moved to Vancouver, B.C. until 1994, when he moved to Hong Kong and took various senior positions with Kerry Properties, one of Hong Kong's largest property companies, controlled by the Kuok family of Malaysia, the owners of the Shangri-la hotel chain. In 1999, he left Kerry and started his own investment firm, Newmark Capital Corporation. In 2000, Ng acquired an 11% stake in CyberCity Holdings, the PRC-based company that started the Shenzhen CyberCity project. This made him the second-largest shareholder in the company. (en)
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  • Allan Ng Poh Meng (born in 1942) is a Singaporean businessman. He was a deputy chairman of United Overseas Bank and the chairman of the Association of Banks in Singapore from 1983 to 1985. He stepped down as UOB's deputy chairman in December 1985. (en)
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  • Allan Ng (en)
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