Singapore – 12 November 2013 – The Cyclect group is pleased to announce that its subsidiary was awarded the Spirit of Enterprise (SOE) Award 2013 today at The Grand Mandarin Ballroom, Mandarin Orchard Hotel. The SOE Award is an annual national award that recognizes outstanding achievements of local entrepreneurs and serves as an inspiration for young Singaporeans to become enterprising entrepreneurs.
Mr Kenneth Ng was present to receive the award from this year’s Guest of Honour, Mr Teo Ser Luck, Minister of State, Minister of Trade and Industry (Singapore). Mr Ng shared his journey of entrepreneurship and how he started his company, a mechanical and electrical installation company together with Cyclect in 2004 after his previous company was forced to sell due to the downturn of the capital process industries.
Through positivity and determination, Mr Ng diversified and started operating in the process engineering industry, leading to where he is today. He advises the younger generation and aspiring entrepreneurs to “watch your overheads, profit and loss. Take low risk, and be flexible so that you can diversify. Be more in a vertical integration, such that you will do business in line of what you are doing, and thus able to provide or diversify into other industries using your current resources.”
An annual publication featuring SOE Award Honourees, the annual SOE Book collects their stories, documenting their journeys as entrepreneurs. The SOE Book is available at major bookstores in Singapore and at SOE events, and is given to more than 1,200 SOE Nominees.
About Spirit of Enterprise Awards
SOE was established in 2003 with the mission to promote and advance the entrepreneurial spirit in Singapore by honoring local self-reliant entrepreneurs operating small and medium-sized businesses; and to inspire Singaporeans, especially the young, to become entrepreneurs by facilitating interaction, communication, and knowledge dissemination and interaction between students and entrepreneurs.
For more information on Spirit of Enterprise, please visit: https://soe.org.sg/
About Cyclect Group
Cyclect Holdings is the primary investment company in the Cyclect Group of Companies. The group is an investment portfolio of engineering solution providers consisting of companies developing, engineering, constructing, operating, and maintaining plants and facilities in Asia. The primary mission is to provide sustainable engineering solutions to industry.
For more information on Cyclect Group, please visit: www.cyclect.com
