Singapore – CNBC announced the winners of the 8th CNBC Asia Business Leaders Awards during an award ceremony in Singapore that was broadcast live around the world. The Asia Business Leader of the Year was awarded to Frank Ning of COFCO Corporation for inspiring growth for his company, while keeping in step with global trends. With over 100,000 employees, COFCO has been on the list of Fortune 500 and ranked the first in China’s Top 100 Food Enterprises for years. “CNBC takes pride in identifying premier business leaders in the region and celebrating their achievements through the CNBC Asia Business Leader Awards,” said Satpal Brainch, president and managing director, CNBC Asia Pacific. “We would like to congratulate all the winners and finalists for their outstanding leadership during a challenging year.”