For Me , You and You.

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  • Topic: Tsim Sha Tsui, Malaysia, Malaysian Chinese
  • Pages : 2 (540 words )
  • Download(s) : 55
  • Published : January 7, 2013
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Tan Sri Dato Dr Robert Kuok has been the 33rd richest person in the world, Over taking Tan Sri Dato Dr Yeoh Tiong Lay (YTL) , Dato Ananda Krishnan and Dato Brian Tan. Kuok's father arrived in Malaya from Fujian, China at the beginning of the 20th century, and Robert was the youngest of three brothers, born on 6 October 1923, in Johor Bahru. He claims he began in business as an office boy, and later started a business with relatives' support. [2] In fact, upon graduation, he worked in the grains department of Japanese industrial conglomerate Mitsubishi between 1942 and 1945 Kuok senior died in 1948, and Kuok and his two brothers founded Kuok Brothers Sdn Bhd in 1949, trading agricultural commodities. Under the new post-colonial government, Kuok started in the sugar business alongside the government. In 1961, he made a coup by buying cheap sugar from India before the prices shot up. He continued to invest heavily in sugar refineries, controlled 80% of the Malaysian sugar market with production of 1.5 million tonnes, equivalent to 10% of world production, and so earned his nickname "Sugar King of Asia". In 1971, he built the first Shangri-La Hotel, in Singapore. His first foray into Hong Kong property was in 1977, when he acquired a plot of land on the newly reclaimed Tsim Sha Tsui East waterfront, where he built the second hotel, the Kowloon Shangri-La. In 1993, his Kerry Group acquired a 34.9% stake in the South China Morning Post from Murdoch's News Corporation. His companies have investments in many countries, including Singapore, the Philippines, Thailand, Mainland China, Indonesia, Fiji and Australia. Businesses in China include 10 bottling companies for Coca Cola, and ownership of the Beijing World Trade Centre.[2] Freight interests include Malaysian Bulk Carriers Berhad and Transmile Group. His political influence is attested by his having been selected as one of the advisors on Hong Kong's future in the runup to the transfer of sovereignty of Hong Kong, and...
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