Ang is a well-known corporate figure and chairman of Sembcorp Industries, which launched Singapore’s first energy-from-waste plant in April last year. The $34 million venture has been profitable since day one, and is part of Sembcorp’s strategy to grow its renewable energy assets. The group delivered robust interim results, with net profits up 10% to $367.4m on a 22% rise in turnover to $5.1 billion. As CEO of NSL (formerly NatSteel) for 28 years until 2003, Ang was instrumental in transforming the steel mill into one of Singapore’s largest industrial conglomerates. With rich experience in areas including chemicals, electronics, engineering and construction, he also serves as chairman of the listed Global Logistic Properties and is on the boards of the Government of Singapore Investment Corporation and Southern Steel. A shrewd investor, Ang, in 2012, raised his stake in Plastoform Holdings, a company on the SGX watchlist, which appears to be getting a new lease of life. He was also among the earliest pre-IPO investors in Aussie mining services company CIVMEC.