Early Life
Sam Goi was born in Fuqing, Fujian province, China, in 1949. His family, originally landowners, immigrated to Singapore when he was six years old due to political instability in China. Growing up in a modest environment, Goi learned the value of hard work early on.
Rise to Success
Goi's entrepreneurial journey began when he took over Tee Yih Jia Food Manufacturing in 1977. Recognizing the potential of the frozen food market, he innovated and expanded the company's operations, specializing in popiah skins. He developed efficient production methods and targeted restaurants and supermarkets, leading to a strong presence in various international markets. This specialization allowed Tee Yih Jia to become the world's largest maker of popiah skins.
Key Business Strategies
Goi's success is also attributed to his strategic investments. He expanded his portfolio to include stakes in real estate firms like GSH and KOP, diversifying his revenue streams. In 2021, he took over Hanwell Industries (now PSC Corp), expanding into consumer goods distribution. Furthermore, Goi has shown an ability to capitalize on market opportunities, such as the 2017 sale of a Singapore office tower for $512 million.
Philanthropy
Sam Goi is known for his philanthropic efforts. He has donated millions to various causes, including education, sports, and community projects. He has actively supported educational institutions and organizations, reflecting his commitment to giving back to the community and fostering the next generation. He was conferred Singapore Tatler's Leadership Award for Philanthropy in 2005.