Kwong Siu-hing explained

Kwong Siu-hing
Birth Name:Chinese: 鄺肖卿|labels=no
Birth Date:2 December 1929
Birth Place:Hua County, Guangdong, China
Occupation:company director
Boards:Sun Hung Kai Properties (former chairperson and non-executive director)
Years Active:2008–2011
Spouse:Kwok Tak-seng

Kwong Siu-hing, or sometimes Kwok Kwong Siu-hing (;[1] born 2 December 1929[2]), is the matriarch of the Kwok family. She controls the conglomerate Sun Hung Kai Properties, the largest property developer in Hong Kong as of 2019.[3] As of 2008, Kwong effectively controls about 41.53% of SHK Properties' shares through a family trust, so she was deemed as the largest shareholder of the company, with a net worth of 12.1 billion dollars as of July 2020.[4]

Family

Kwong is the widow of Kwok Tak-seng, the founder of Sun Hung Kai Properties, and the mother of Walter, Thomas and Raymond, directors of the company. She moved from mainland China to British Hong Kong in 1947,[5] on the eve of the Second Chinese Civil War.

According to the South China Morning Post, prior to her 2008 appointment as chairperson, she "had never sat on the board of a Hong Kong company".[5] On 27 May 2008, Kwong replaced her son Walter when he was ousted as chairperson of the company;[5] [6] she stepped down from the position in late 2011.[7] Walter Kwok also had a bitter rivalry with his brothers, which ended in division of the family fortune.[5] [8]

The Kwok family was ranked as the third in Forbes's 2017 Asia's Richest Families, with a net worth of US$40.4 billion.[9] In a separate ranking, her sons Thomas and Raymond were collectively ranked as the fourth-richest in Hong Kong as of 2018 by the annual Forbes' Hong Kong's 50 Richest list;[10] The two younger brothers were ranked as 77th in the 2018 list of The World's Billionaires, with a net worth of US$16.5 billion at that time.[10] Walter Kwok was ranked 10th in Hong Kong and 190th in the world, also by Forbes. His estimated net worth at that time was US$8 billion.[11] In February 2019, she ranked 78th in the Billionaires 2019 list and 5th in the Hong Kong's 50 Richest 2019 list with a net worth of US$15.1 billion.

Kwong's son Walter died on 20 October 2018.[12]

See also

Notes and References

  1. News: https://paper.hket.com/article/1072182/%E9%83%AD%E8%80%81%E5%A4%AA%E9%84%BA%E8%82%96%E5%8D%BF%20%E5%9C%B0%E4%BD%8D%E8%88%89%E8%B6%B3%E8%BC%95%E9%87%8D. zh:郭老太鄺肖卿 地位舉足輕重. 20 February 2008. subscription. Hong Kong Economic Journal. zh-hk. 21 October 2018. 25 December 2018. https://web.archive.org/web/20181225125951/https://paper.hket.com/article/1072182/%E9%83%AD%E8%80%81%E5%A4%AA%E9%84%BA%E8%82%96%E5%8D%BF%20%E5%9C%B0%E4%BD%8D%E8%88%89%E8%B6%B3%E8%BC%95%E9%87%8D. live.
  2. News: 郭氏三兄弟世紀聚首 》賀郭老太生日 郭炳江先恤個靚髮. 2 December 2016. 25 April 2021. Apple Daily. Hong Kong. 25 April 2021. https://web.archive.org/web/20210425153808/https://hk.nextmgz.com/article/2_457242_0/%E9%83%AD%E6%B0%8F%E4%B8%89%E5%85%84%E5%BC%9F%E4%B8%96%E7%B4%80%E8%81%9A%E9%A6%96-%E8%B3%80%E9%83%AD%E8%80%81%E5%A4%AA%E7%94%9F%E6%97%A5-%E9%83%AD%E7%82%B3%E6%B1%9F%E5%85%88%E6%81%A4%E5%80%8B%E9%9D%9A%E9%AB%AE. live.
  3. Web site: 2019-09-23. Lands Resumption Ordinance: Sun Hung Kai to cooperate but questions use. 2020-11-13. South China Morning Post. en. 13 November 2020. https://web.archive.org/web/20201113071259/https://www.scmp.com/business/article/3029871/sun-hung-kai-hong-kongs-largest-developer-only-accept-lands-resumption. live.
  4. Web site: Hong Kong's Sun Hung Kai Props appoints Kwong Siu-hing as new chairwoman . . 2 September 2017 . https://web.archive.org/web/20081106002944/http://www.forbes.com/home/feeds/afx/2008/05/27/afx5048313.html . 6 November 2008 . dead.
  5. News: Breaking with the old ways. 14 July 2012. 20 October 2018. South China Morning Post. Hong Kong. 20 October 2018. https://web.archive.org/web/20181020081716/https://www.scmp.com/article/1006728/breaking-old-ways. live.
  6. Changes to the board. 27 May 2008. 20 October 2018. Hong Kong. Sun Hung Kai Properties. Hong Kong Exchanges and Clearing website. en. 3 March 2021. https://web.archive.org/web/20210303211237/https://www1.hkexnews.hk/listedco/listconews/sehk/2008/0527/ltn20080527057.pdf. live.
  7. News: Sun Hung Kai Profit Jumps; Chairwoman to Retire. The Wall Street Journal. New York. Hong Kong. Polly. Lui. 16 September 2011. subscription. 8 August 2017. 2 March 2018. https://web.archive.org/web/20180302103909/https://www.wsj.com/articles/SB10001424053111904060604576572084156856112. live.
  8. News: http://www.singtao.ca/toronto/2560812/2018-05-08/post-420%E5%84%84%E5%88%86%E7%94%A2%E6%A3%84%E4%B8%8A%E8%A8%B4%E2%80%82%E9%83%AD%E7%82%B3%E6%B9%98%E9%A1%98%E5%A4%A7%E5%92%8C%E8%A7%A3/?variant=zh-hk. zh:420億分產棄上訴 郭炳湘願大和解. 8 May 2018. 20 October 2018. Sing Tao Daily (Canada). zh-hant. 20 October 2018. https://web.archive.org/web/20181020094919/http://www.singtao.ca/toronto/2560812/2018-05-08/post-420%E5%84%84%E5%88%86%E7%94%A2%E6%A3%84%E4%B8%8A%E8%A8%B4%E2%80%82%E9%83%AD%E7%82%B3%E6%B9%98%E9%A1%98%E5%A4%A7%E5%92%8C%E8%A7%A3/?variant=zh-hk. dead.
  9. Web site: Kwok family. 2018. 20 October 2018. Forbes. 2 October 2019. https://web.archive.org/web/20191002052620/https://www.forbes.com/profile/kwok/. live.
  10. Web site: Thomas & Raymond Kwok. 2018. 20 October 2018. Forbes. 19 November 2019. https://web.archive.org/web/20191119204036/https://www.forbes.com/profile/thomas-raymond-kwok/. live.
  11. Web site: Walter Kwok. Forbes. 20 October 2018. 2018. 12 November 2020. https://web.archive.org/web/20201112042416/https://www.forbes.com/profile/walter-kwok/. live.
  12. News: Hong Kong property magnate Walter Kwok dies, aged 68. 20 October 2018. 21 October 2018. South China Morning Post. Hong Kong. South China Morning Post Publishers (Alibaba Group). Karen. Zhang. Ryan. Swift. 20 October 2018. https://web.archive.org/web/20181020155512/https://www.scmp.com/news/hong-kong/society/article/2169483/hong-kong-property-magnate-walter-kwok-dies-aged-68. live.

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