Tiong Woon Corporation Holding Ltd (BQM) said on Sep, 03 2025 that it secured two Silver awards at the Singapore Corporate Awards 2025 in the Small Cap (below 300 million Singapore dollars) category.

The company received the honours for Best Managed Board and Best Risk Management. The Singapore Corporate Awards are organised by the Institute of Singapore Chartered Accountants, the Singapore Institute of Directors and The Business Times to recognise governance, leadership and transparency among listed firms.

Executive Director and Chief Executive Officer Michael Ang Guan Hwa said the accolades reflect the board’s governance standards and the management team’s risk-oversight efforts aimed at supporting long-term growth.

Headquartered in Singapore, Tiong Woon is an integrated heavy-lift specialist serving the oil and gas, petrochemical, infrastructure and construction sectors. The group operates in 13 countries, owns its fleet of heavy-lift equipment, tugboats and barges, and was ranked 15th in the IC100 2025 survey.