Lo Ying-shek
Lo Ying-shek (Chinese: 羅鷹石) (1913 – 2006) was a Hong Kong real estate businessman who co-founded Great Eagle Holdings in 1963 with his wife, Lo To Lee Kwan (羅杜莉君).[1]
Biography[edit]
Lo was born in Chaozhou, China, in 1913 and accompanied his father to Thailand to make a living in the textile industry.[2] After marrying To Lee Kwan, he returned to Hong Kong in 1938 and worked in the cloth and dye trading business.[2] In 1963, Lo decided to move into the real estate business and established The Great Eagle Company. The name of the company was derived from the names of Lo and his wife.[3]
The company was listed on the Hong Kong Stock Exchange in 1972, which contributed to the family amassing a fortune that is one of the largest in Asia.[4][5] His handling of family succession of Great Eagle Holdings has been cited as a case study in the research of Chinese family businesses and was seen as a successful model that was emulated by Li Ka-shing.[6][7]
Personal life and family[edit]
Lo died in 2006 and his children engaged in an extended legal fight over control of his property empire.[8][9]
He had nine children, including:[2]
- Lo Yuk-sui (羅旭瑞), his second-oldest son, chairs the HKSE-listed Century City International, parent of Regal Hotels International[10][11]
- daughter Poman Lo (羅寶文) is the Vice Chairman of Century City International Holdings Limited and Regal Hotels International Holdings Limited
- Lo Ka-shui (羅嘉瑞), his third-oldest son, was a medical doctor who is the currently Chairman and Managing Director of Great Eagle Holdings and the Langham Hospitality Group[12][13]
- Vincent Lo (羅康瑞), his fourth-oldest son, is the chairman of Shui On Land, known for its investments in Mainland China such as Shanghai's Xintiandi district; married beauty pageant Loletta Chu (朱玲玲), ex-wife of businessman and politician Timothy Fok (霍震霆)
- Lo Kai-shui (羅啟瑞), his youngest son, was the former Deputy Managing Director of Great Eagle Holdings and now controlling shareholder of HKSE-listed SFK Construction[14][15]
References[edit]
- ^ Olsen, Robert. "Billionaire Siblings And 98-Year-Old Mom Battle Over Real Estate Empire". Forbes. Retrieved 2022-03-29.
- ^ a b c Zheng, Victor; Wan, Po-san (2020-03-02). "Chinese culture and banyan-tree style family businesses: The enterprising family of Lo Ying-shek in Hong Kong". Business History: 1–22. doi:10.1080/00076791.2020.1727448. ISSN 0007-6791. S2CID 214252169.
- ^ "Lo Ying Shek Chi Wai Foundation". www.chiwai.org. Retrieved 2022-03-29.
- ^ Staff, ByMerrilee BartonForbes. "Lo family". Forbes. Retrieved 2022-03-29.
- ^ China's Economic Future: Challenges to U.S. Policy : Study Papers. U.S. Government Printing Office. 1996. ISBN 978-0-16-053566-6.
- ^ Shapiro, Daniel M.; Gedajlovic, Eric; Erdener, Carolyn (2003-01-01). "The Chinese Family Firm as a Multinational Enterprise". The International Journal of Organizational Analysis. 11 (2): 105–122. doi:10.1108/eb028965. ISSN 1055-3185.
- ^ "Forbes India - Hong Kong's Lo Clan: Happy Together, Happy Apart". Forbes India. Retrieved 2022-03-29.
- ^ "Winning control of property empire a mixed blessing amid trade war". South China Morning Post. 2019-07-22. Retrieved 2022-03-29.
- ^ "羅鷹石舉殯 官紳名流致祭". 2009-12-04. Archived from the original on 2009-12-04. Retrieved 2022-03-29.
- ^ "Lo family matriarch says she decided on lawsuit to dismiss HSBC". South China Morning Post. 2017-06-16. Retrieved 2022-03-29.
- ^ Asia, Tatler. "Lo Yuk-sui". Tatler Asia. Retrieved 2022-03-29.
- ^ "Lo Ka Shui". Forbes. Retrieved 2022-03-29.
- ^ Asia, Tatler. "Lo Ka-shui". Tatler Asia. Retrieved 2022-03-29.
- ^ Standard, The. "(Lo family estate dispute) Lo Kai-shui likens brother to George Soros". The Standard. Retrieved 2022-03-29.
- ^ "Collector's wisdom - The Standard". www.thestandard.com.hk. Retrieved 2022-03-29.