Fu Houze
Adrian Fu Hau Chak is a Hong Kong businessman and an amateur racing driver. He is the eldest son of Fu Yam Chiu, who was the son of Fu Lo Yung.
Business Activities
In 1997, during the peak of the Hong Kong property market, Adrian Fu sold the Furama Hotel at a high price of HK$6.9 billion to Lai Sun Group.[1] In October 1997, Hong Kong was hit by the Asian Financial Crisis, and property values fell sharply, resulting in Lai Sun Group being heavily in debt, with a debt ratio peaking at nearly 70%.[2]
After the SARS outbreak in 2003, Fu acquired the Empire Hotel Kowloon in Tsim Sha Tsui for HK$650 million, and did not purchase any other properties in Hong Kong for the next three years.[1]
In November 2006, Fu spent HK$280 million to acquire six houses at No. 1 East Shouson Hill Road from the foreign fund GRA. He stated that the purchase was for long-term rental purposes, and he expected each house to generate rental income of over HK$100,000.[1]
In October 2007, Fu and other owners put two residential properties at Kellett Grove on The Peak up for tender. According to market sources, the owners had already selected a buyer after consideration. The properties were sold for approximately HK$1.8 billion to a property developer.[3]
In February 2012, the entire building at 38 Wong Chuk Hang Road, Jonsim Place, which was put up for tender by Hong Kong Resort Company, was sold for HK$615 million to Wai Fai Enterprises Limited. According to the Companies Registry, Fu was listed as one of the directors of Wai Fai.[4]
In November 2012, the public consultation period for the Nam Sang Wai development project in Yuen Long ended. In an interview, Fu stated that the project was his grandfather’s wish and emphasized efforts to strike a balance between development and conservation. He remarked that Hong Kong people had a “conscience for making amends,” saying that in the past, valuable conservation opportunities were missed, and now people try to conserve things that may not be very valuable. His remarks intensified public backlash. As of November 16, 2012, the Town Planning Board had received 524 submissions, with nearly 200 of them submitted in a single day.[5]
Motorsport
Fu developed an interest in machinery from a young age and began learning to drive go-karts in secondary school. At the age of 20, while studying in the United States, he formally took part in motorsport. Throughout the 1970s and 1980s, he frequently competed in the Macau racing circuit, with his last participation in 2009. Although he no longer competes officially, he occasionally joins races out of curiosity.[6]
Fu was one of the drivers in the 2012 Audi R8 LMS Cup, racing for the Fuspeed team.[7]
Fu also fully supported Darryl O’Young’s switch to a BMW 320TC touring car in the 2013 season to compete in the World Touring Car Championship.[8] Fu and O’Young’s father were classmates.[9]
On November 16, 2013, at the Scirocco R China Masters Challenge held in Macau, Fu finished in 10th place.[10]
References
- ↑ 1.0 1.1 1.2 https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-commact1_1-0
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-2
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-3
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-4
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-5
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-6
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-7
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-8
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-9
- ↑ https://zh.wikipedia.org/wiki/%E5%82%85%E5%8E%9A%E6%BE%A4#cite_ref-10