KUCHING: Shin Yang Group Bhd (SYGroup) has appointed Richard Ling Peng Ling as its new chief executive officer (CEO), effective Jan 1, 2026.
Ling, 60, was promoted from his role as group chief operating officer (COO), a position he has held since 2023.
“He will be responsible to lead the group, driving the group’s strategic directions & expansion, leadership & performance, brand development & products evolution, with a focus on sustaining growth while enhancing long-term stakeholder value and corporate value,” SYGroup said in a filing with Bursa Malaysia.
Ling holds a Master of Business Administration from Curtin University of Technology, Australia, and qualifications in accounting and finance from the Association of Chartered Certified Accountants (ACCA). He joined Shin Yang Holdings Group in 1997 as an accountant at Forescom Plywood Bhd, before being appointed senior accountant at Shin Yang Sdn Bhd’s headquarters a year later, where he was primarily responsible for the group’s financial reporting functions.
Since 2008, Ling has overseen the group’s treasury and corporate finance functions, including funding strategies, banking relationships and capital management. In 2009, he was promoted to financial controller and company secretary of SYGroup, and was later redesignated as chief financial officer, leading the group’s finance, accounting, taxation and corporate secretarial functions.
Ling succeeds Captain Ting Hieng Liong, 71, who will retire as CEO on Jan 1, 2026.
In a separate appointment, SYGroup has also named Jeremiah James Sadasivan, 48, as its new COO, also effective Jan 1. Prior to this, Jeremiah was operations manager at Shin Yang Plywood Sdn Bhd. He has more than 20 years of experience spanning operations, capital projects, production planning, supply chain coordination, as well as product and market development.
Throughout his career, Jeremiah has held senior leadership and management roles, overseeing end-to-end operational functions and performance optimisation; managing large teams, projects and operational assets; implementing operational excellence, efficiency improvements and compliance frameworks; and supporting business growth through disciplined execution and cross-functional coordination.
“His experience and operational expertise are expected to strengthen the group’s execution capabilities and enhance operational efficiency across its core business segments,” SYGroup said.
From its core shipping, shipbuilding and ship repair businesses, SYGroup has diversified through several major acquisitions in recent years, emerging as a major logistics provider and automotive dealership group.
Over the past decade, the group’s revenue expanded significantly from about RM641.6 million in the 2016 financial year to RM1.89 billion in the financial year ended June 30, 2025. During the same period, group profit after tax rose from RM6.51 million to RM184.3 million, while net tangible assets (NTA) increased from RM0.96 to RM1.26.
In shipping, SYGroup is involved in the transportation of dry bulk, liquid bulk and containerised cargo, coastal shipping, barge and tug operations, as well as regional logistics offering comprehensive door-to-door solutions. The group maintains a strong presence in Malaysian and regional waters, particularly across Southeast Asia, East Asia and the Far East, operating a fleet of 186 vessels with a total gross tonnage of about 308,000 tonnes.
Its ship repair segment operates floating dock facilities designed to serve specialised market needs, while shipbuilding activities are anchored at three strategically located yards in Kuala Baram, Miri and Bintulu, collectively spanning about 280 acres. These yards support large-scale and custom-built vessel projects, including offshore supply vessels.
Meanwhile, the group’s newly acquired automotive business — including Toyota and Lexus dealerships across Sarawak, Sabah and Labuan — has emerged as its single largest revenue contributor.
In SYGroup’s 2025 annual report, group executive chairman Tan Sri Ling Chiong Ho said that, backed by a diversified business model, strong asset base and prudent financial management, the group is well positioned to explore new growth avenues and respond effectively to evolving market conditions.
