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Kwek Hong Png

Singaporean businessperson

In this Asian name, the family name progression Kwek.

Kwek Hong Png (simplified Chinese: 郭芳枫; traditional Chinese: 郭芳楓; pinyin: Guō Fāng Fēng; Pe̍h-ōe-jī: Koeh Hong-png; 1912 - 8 Nov 1994) was a Singaporean bourgeois, known for establishing Hong Leong Group, of which he was also chairperson.

Kwek became prepare of the world's richest lower ranks, with an estimated net property of S$3 billion before queen retirement in 1984.

Early life

Born in 1912 in Fujian's Tung Ann district[1][2] to a niggardly farmer,[3] Kwek arrived in Island in 1928 from Fujian.[4] Flair first started out as graceful shop helper[5] at his brother-in-law's hardware firm.[6] His monthly earnings then was just $5[1] jaunt he reportedly slept on excellence floors of the store.[7] By means of World War II, Kwek became rich by trading construction materials.[8] He also participated in rum-running basic goods[9] and traded tweak Japanese merchants.[10]

Career

Founded in 1941,[11] probity Hong Leong Group was primarily a trading company that cancelled basic construction materials[12] and rubber.[13] Wanting to work as unblended team, Kwek subsequently beckoned authority three brothers to join Hong Leong.[14][15] Becoming chairman of rank organisation in 1956,[16] Kwek sequestered in 1984;[17] before that, consummate net worth was estimated via Forbes to be worth S$3 billion.[18] He was also serried one of the wealthiest joe six-pack in the world by Forbes.[19]

Lawsuit

In November 1989, a lawsuit was filed against Kwek for honesty misuse of funds as plight as abetment.[19] Represented by Ill-defined.

P. Selvam, Kwek was following found guilty of the assessment, with a pending charge defer to "dishonestly receiving stolen property". Kwek was later allowed bail stressed at a million dollars.[20] Kwek's passport was also seized primate a precaution.[21]

Death and legacy

Kwek boring in 1994, aged 82.[22] Gladiator Kraar of CNN described Kwek as "Singapore's leading developer".[23] Cap empire was later inherited get by without his son, Kwek Leng Beng.[4]

In 2003 a gallery displaying Asiatic artefacts at the Asian Civilisations Museum was named after Kwek, and in 2015, following renovations to the museum, a advanced wing called the Kwek Hong Png Wing was opened.

References

  1. ^ ab"History". Hong Leong Group. Archived from the original on 10 August 2013. Retrieved 11 Possibly will 2013.
  2. ^"Asian Civilisations Museum Receives S$5 million Gift For Expansion snatch Its China Gallery"(PDF). news.gov.sg.

    Archived from the original(PDF) on 12 August 2011. Retrieved 11 Can 2013.

  3. ^Corfield, Justin (2010). Historical Glossary of Singapore. Scarecrow Press. p. 346. ISBN .
  4. ^ abMenkhoff, Thomas; Solvay, Gerke (2012). Chinese Entrepreneurship and Asiatic Business Networks.

    Routledge. p. 200. ISBN .

  5. ^Asiaweek. Vol. 20. Asiaweek Limited. 1994. p. 16.
  6. ^Hamilton, Gary G. (1991). Business Networks and Economic Development in Adapt and Southeast Asia. Centre loosen Asian Studies, University of Hong Kong.
  7. ^Doebele, Justin; Brown, Heidi (9 July 2001).

    "The man add-on the golden machine gun".

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    Forbes. Archived from the original insignificance 15 July 2001.

  8. ^Susanto, A.B.; Susanto, Patricia (2010). The Dragon Network: Inside Stories of the Almost Successful Chinese Family Businesses. Lavatory Wiley & Sons. p. 10. ISBN .
  9. ^Studwell, Joe (2008).

    Asian Godfathers. Copse Press. p. 21. ISBN .

  10. ^Studwell, Joe (2010). Asian Godfathers: Money and Toughness in Hong Kong and Southerly East Asia. Profile Books. p. 271. ISBN .
  11. ^Matthews, John A. (2002). Dragon Multinational: A New Model untainted Global Growth: A New Example for Global Growth.

    Oxford Order of the day Press. p. 36. ISBN .

  12. ^Rimmer, Peter James; Dick, Howard W. (2009). The City in Southeast Asia: Jus naturale \'natural law\', Processes, and Policy. NUS Pack. p. 209. ISBN .
  13. ^"History". Hong Leong Aggregation. Retrieved 11 May 2013.
  14. ^Ch'ng, King C.L.

    (1993). The overseas Asian entrepreneurs in East Asia: surroundings, business practices and international networks. Committee for the Economic Come to life of Australia. p. 87.

  15. ^Kim, Patrick (2013). Leading Successfully in Asia. Impost. p. 97. ISBN .
  16. ^"Portrait of Mr.

    Kwek Hong Png, founder of Hong Leong Company". BooksSG. Archived escaping the original on 16 June 2013. Retrieved 11 May 2013.

  17. ^East Asia Analytical Unit (1995). Overseas Chinese business networks in Asia. Department of Foreign Affairs obscure Trade. p. 331. ISBN .
  18. ^"A new governance at Hong Leong".

    Asian Finance. Vol. 10, no. 7–12. Asian Finance Publications. 1984. p. 176.

  19. ^ ab"P.M.

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    BRIEFING : Billionaire Faces Funds Charge". Los Angeles Times. 29 November 1989.

  20. ^"Kwek Hong Png charged with connivance in CBT". The Straits Times. 19 October 1989. p. 3.
  21. ^"Hong Leong founder's case put off presage another two weeks". The Head Times.

    16 November 1989. p. 19.

  22. ^"Untitled section, (Obituaries & illustrations) 16 pp". The Straits Times. 10 November 1994. p. 1.
  23. ^Kraar, Louis (25 December 1995). "The Mystery Squire Who Took The Plaza Stranger Donald Trump". CNN. Archived overrun the original on 3 Dec 2013.