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Lo Ying-shek

From Wikipedia, the free encyclopedia

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

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Lo was born in Chaozhou, China, in 1913 and accompanied his father to Thailand to make a living in the groceries and textiles trading industry.[2] After marrying To Lee Kwan, he returned to Hong Kong in 1938 and opened a trading shop for the Lo family.[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

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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]

References

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  1. ^ Olsen, Robert. "Billionaire Siblings And 98-Year-Old Mom Battle Over Real Estate Empire". Forbes. Retrieved 2022-03-29.
  2. ^ 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.
  3. ^ "Lo Ying Shek Chi Wai Foundation". www.chiwai.org. Retrieved 2022-03-29.
  4. ^ Staff, ByMerrilee BartonForbes. "Lo family". Forbes. Retrieved 2022-03-29.
  5. ^ China's Economic Future: Challenges to U.S. Policy : Study Papers. U.S. Government Printing Office. 1996. ISBN 978-0-16-053566-6.
  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.
  7. ^ "Forbes India - Hong Kong's Lo Clan: Happy Together, Happy Apart". Forbes India. Retrieved 2022-03-29.
  8. ^ "Winning control of property empire a mixed blessing amid trade war". South China Morning Post. 2019-07-22. Retrieved 2022-03-29.
  9. ^ "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.
  10. ^ "Lo family matriarch says she decided on lawsuit to dismiss HSBC". South China Morning Post. 2017-06-16. Retrieved 2022-03-29.
  11. ^ Asia, Tatler. "Lo Yuk-sui". Tatler Asia. Retrieved 2022-03-29.
  12. ^ "Lo Ka Shui". Forbes. Retrieved 2022-03-29.
  13. ^ Asia, Tatler. "Lo Ka-shui". Tatler Asia. Retrieved 2022-03-29.
  14. ^ Standard, The. "(Lo family estate dispute) Lo Kai-shui likens brother to George Soros". The Standard. Retrieved 2022-03-29.
  15. ^ "Collector's wisdom - The Standard". www.thestandard.com.hk. Retrieved 2022-03-29.