Lo Ying-shek explained

Lo Ying-shek (1913 – 2006) was a Hong Kong real estate businessman who co-founded Great Eagle Holdings in 1963 with his wife, Lo To Lee Kwan .^[1]

Biography

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. 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

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:

• , his second-oldest son, chairs the HKSE-listed Century City International, parent of Regal Hotels International^{[10] [11]}
  • daughter Poman Lo is the Vice Chairman of Century City International Holdings Limited and Regal Hotels International Holdings Limited
• , his third-oldest son, was a medical doctor who is the currently Chairman and Managing Director of Great Eagle Holdings Limited, and the Executive Chairman of Langham Hospitality Group^{[12] [13]}
• Vincent Lo, 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
• Lo Kai-shui, 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

1. Web site: Olsen . Robert . Billionaire Siblings And 98-Year-Old Mom Battle Over Real Estate Empire . 2022-03-29 . Forbes . en.
2. 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 . 10.1080/00076791.2020.1727448 . 214252169 . 0007-6791.
3. Web site: Lo Ying Shek Chi Wai Foundation . 2022-03-29 . www.chiwai.org.
4. Web site: Staff . ByMerrilee BartonForbes . Lo family . 2022-03-29 . Forbes . en.
5. Book: China's Economic Future: Challenges to U.S. Policy : Study Papers . 1996 . U.S. Government Printing Office . 978-0-16-053566-6 . en.
6. Shapiro . Daniel M. . Gedajlovic . Eric . Erdener . Carolyn . The Chinese Family Firm as a Multinational Enterprise . 2003-01-01 . The International Journal of Organizational Analysis . 11 . 2 . 105–122 . 10.1108/eb028965 . 1055-3185.
7. Web site: Forbes India - Hong Kong's Lo Clan: Happy Together, Happy Apart . 2022-03-29 . Forbes India . en.
8. Web site: 2019-07-22 . Winning control of property empire a mixed blessing amid trade war . 2022-03-29 . South China Morning Post . en.
9. Web site: 2009-12-04 . 羅鷹石舉殯 官紳名流致祭 . 2022-03-29 . https://web.archive.org/web/20091204142415/http://paper.wenweipo.com/2006/09/15/HK0609150026.htm . 2009-12-04 .
10. Web site: 2017-06-16 . Lo family matriarch says she decided on lawsuit to dismiss HSBC . 2022-03-29 . South China Morning Post . en.
11. Web site: Asia . Tatler . Lo Yuk-sui . 2022-03-29 . Tatler Asia . en.
12. Web site: Lo Ka Shui . 2022-03-29 . Forbes . en.
13. Web site: Asia . Tatler . Lo Ka-shui . 2022-03-29 . Tatler Asia . en.
14. Web site: Standard . The . (Lo family estate dispute) Lo Kai-shui likens brother to George Soros . 2022-03-29 . The Standard . en.
15. Web site: Collector's wisdom - The Standard . 2022-03-29 . www.thestandard.com.hk.