Eu Yan Sang

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Eu Yan Sang
Type Public
Founded 1879
Headquarters South Bridge Road, Singapore

Eu Yan Sang (Chinese: 余仁生; pinyin: Yú Rén Shēng) is a healthcare company focusing in Traditional Chinese Medicine (TCM). It is listed on the Singapore Exchange since 2000. Eu Yan Sang started out in 1879 with the mission of "Caring for Mankind" as its altruistic philosophy which remains as the core principal of the company. Eu Yan Sang has manufacturing and retailing operations of traditional Chinese medicine and herbs in Hong Kong, Macau, Guangzhou, Malaysia and Singapore. The Group also operates clinic services in Singapore and Malaysia.

Contents

[edit] History and etymology

In the 1870s, Eu Kong Pai or better known as Eu Kong left the southern China’s Guangdong village of Foshan to seek his fortune in Malaya. He settled down in the small mining town of Gopeng, Perak. Conditions were harsh then for tin mine coolies. He noticed that the local tin mine coolies were depending heavily on opium. Mainly illiterate and oblivious to the dangers of opium to their health, the coolies compensated for what little basic medical care with opium as the easiest way for immediate relief. It is also their wonder cure for any illness arising from their poor living conditions.

Eu Kong decided to put to use his knowledge of traditional Chinese medicine to help them overcome this harmful habit. Traditional Chinese herbal remedies were used as a means of alleviating their physical suffering and restoring their health. Eu Kong opened his first Chinese medicine shop in 1879 in Gopeng, named “Yan Sang”.

The name of the company that Eu Kong started is made up of the words "Yan" and "Sang". The former means benevolent, kind or humane in the Cantonese dialect while the latter represents birth, life or livelihood. "Yan Sang" literally means caring for mankind.

In 1890, Eu Tong Sen, Eu Kong’s eldest son, inherited the family business. Eu Tong Sen rapidly made a name for himself to become one of Malaya’s best-known pioneers in the tin mining industry at the age of 20. His prospecting of tin in Kampar led him to open the second medicine shop in Kampar, Perak in Malaya. Other than tin-mining, he was also involved in the rubber industry.

Eventually, Eu Tong Sen expanded the family business of traditional Chinese medicine to other parts of Malaya, Singapore, Hong Kong and Southern China.

The medicine shop today is better known by its trade name, Eu Yan Sang.

[edit] Business Groups

[edit] Retail & Wholesale

The Group today markets selected Chinese herbs, Chinese Proprietary Medicines as well as health foods and supplements. The Group is respected for putting some semblance of organization, image and confidence building, and quality assurance into the previously loosely organized trade of TCM retailing. It currently offers more than 280 products under the Eu Yan Sang branding. It also carries more than 1,000 different types of Chinese herbs and other medicinal products. In December 2006, the company signed an exclusive worldwide distributorship agreement with the Wisconsin Ginseng & Herb Co-op for the rights to procure and distribute Wisconsin-grown American Ginseng and the use of the Wisconsin Ginseng seal to ensure authenticity.

Eu Yan Sang has built a distribution network comprising of more than 130 Eu Yan Sang branded retail outlets in Hong Kong, Macau, Guangzhou, Malaysia, Singapore and Taiwan. Selected Eu Yan Sang products are also carried in drugstores, pharmacies, medical halls, supermarkets, convenience stores, hospitals, health clubs and spas worldwide. The Group also operates a chain of 19 TCM Clinics in Singapore and Malaysia; and three Specialist TCM Centres in Singapore.

[edit] Manufacturing

Manufacturing activities are carried out in two of its GMP-certified (Good Manufacturing Practice) factories in Hong Kong and Malaysia.

Eu Yan Sang invested more than HK$110 million in a 130,000 sq ft, modern manufacturing plant in Yuen Long, Hong Kong. This concentration and extraction facility in Hong Kong also has its own laboratory facilities and has been awarded GMP-certification and accredited under ISO 9001:2000. This plant has also received the TGA (Therapeutic Goods Administration) certification from Australia.

Weng Li Sdn Bhd, a wholly owned subsidiary of Eu Yan Sang International Ltd., is its manufacturing facility in Malaysia. It has obtained theGMP certification from Malaysia’s Ministry of Health in September 1997. The company was also awarded the ISO 9001 international accreditation in March 2001.

[edit] Subsidiaries

The subsidiaries for the Eu Yan Sang Group include:

  • Eu Yan Sang Australia Pty Ltd
  • Eu Yan Sang Integrative Health Pte Ltd
  • Eu Yan Sang Marketing Pte Ltd
  • Eu Yan Sang (Singapore) Pte Ltd
  • Eu Yan Sang (Hong Kong) Ltd
  • Eu Yan Sang (Macau) Ltd
  • Eu Yan Sang (1959) Sdn Bhd
  • Eu Yan Sang Trading (Guangdong) Co Ltd
  • Eu Yan Sang (Taiwan) Ltd
  • Eu Yan Sang (Thailand) Ltd
  • Weng Li Sdn Bhd (GMP plant in Malaysia)

[edit] Management

[edit] Board of Directors

The BOD includes:

  • Dr Jennifer Lee Gek Choo, Non-Executive Chairman
  • Richard Eu Yee Ming, Group CEO
  • Clifford Eu Yee Fong, Managing Director
  • Leslie Mah Kim Loong, Executive Director
  • Malcolm Au Man-Chung, Independent Director
  • Robert Eu Yee Sang, Non-Executive Director
  • Ian Wayne Spence, Independent Director
  • Dr David Eu Yee Tat (alternate to Richard Eu)
  • Laurence Eu Yee Lye (alternate to Clifford Eu)
  • Billy Ma Wah Yan (alternate to Robert Eu)

[edit] Senior Management

Head Office – Eu Yan Sang International Ltd (EYSI):

  • K F Tan, Chief Financial Officer & Company Secretary
  • Dr Patrick Loh, Senior Vice President (Technology)
  • Chin Gek Mei, Vice President (Australia)
  • Dawn Lee, Vice President (Product Marketing)
  • Caryn Peh, Vice President (Care Delivery)
  • Joanna Wong, Vice President (Brand Management & Corporate Communications)

Eu Yan Sang (Hong Kong) Ltd (EYSHK):

  • Alice Wong, Managing Director (EYSHK) & Senior Vice President (EYSI)
  • William Sung, General Manager (Finance & Administration)
  • Ella Lee, Deputy General Manager (Sales & Marketing)
  • Kim Wu, Senior Manager (Factory Operations)

Eu Yan Sang (1959) Sdn Bhd (E59):

  • Lok Eng Hock, Managing Director (E59) & Senior Vice President (EYSI)
  • Eric Chiu, Senior General Manager
  • Wong Kah Cane, General Manager

Eu Yan Sang (Singapore) Pte Ltd (EYSS):

  • Vincent Lim, Managing Director (EYSS) & Senior Vice President (EYSI)
  • Eraine Foo, Assistant General Manager (Sales)
  • Wee Chin Lian, Assistant General Manager (Finance)

[edit] Related Topics

[edit] External links

[edit] References

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