Vincent Lo

Vincent Lo Hong-sui, originally from Puning, Guangdong (Teochew heritage), is a Hong Kong property tycoon, Chairman of Shui On Group, Shui On Land, and Shui On Construction and Materials. He graduated from Ling Fung School in Hong Kong (Kindergarten Department, 1953), and later attended St. Joseph's College (entered in 1961) and the University of New South Wales in Australia. His wife is Chu Ling-ling, former wife of business magnate Henry Fok’s eldest son Timothy Fok.

Since 1984, Lo has partnered with the Communist Youth League of China in hotel investments in Shanghai. The 1989 Tiananmen Square Incident severely affected his business, and the Youth League also faced financial difficulties. Lo assisted then-secretary of the Shanghai Youth League, Han Zheng (later Politburo Standing Committee Member and Vice President of China). With support from former Shanghai mayor Xu Kuangdi, Han helped Lo acquire development rights for Xintiandi.

In 1995, Lo acquired his first cement plant in Chongqing, elevating Shui On Group to one of the top three cement companies in China. Under his leadership, Shui On invested in real estate in cities such as Wuhan, Dalian, Foshan, and Hangzhou, launching a series of "Xintiandi" developments.

In late 2008, Shui On Land nearly went bankrupt. Lo worked tirelessly to secure funding from major banks, ultimately surviving the crisis.

Biography

• Lo is the fourth son of Lo Ying-shek, founder of Great Eagle Holdings. The company’s name derives from Lo and his then-wife To Lai-kwan. Listed in the 1970s, the group owned many industrial buildings.
• Sent to Australia at a young age, he received an advance for a year's tuition and living expenses in 1967 due to the Hong Kong 1967 riots, but lost it all to gambling and had to work at a hotel.
• Upon returning to Hong Kong, he worked for his father’s company. After two years without a raise, in 1971, he borrowed HK$100,000 from his father to establish Shui On Group, which ventured into real estate, construction, and building materials.
• Ranked 507th on the Forbes Billionaires List in 2005, with an estimated net worth of US$1.3 billion.
• Ranked 562nd on the Forbes Billionaires List in 2006, with an estimated net worth of US$1.4 billion.
• Known as the "Shanghai Son-in-Law" due to his extensive investments in the city, including Shanghai Xintiandi. (He is Teochew, not Shanghainese.)
• In November 2008, he married former Hong Kong beauty queen and actress Chu Ling-ling (ex-wife of Timothy Fok) at the Four Seasons Hotel in Singapore.

See also

• Lo Ying-shek family
• Hong Kong Commercial Daily

External Links

• Shui On Construction & Materials
• Vincent Lo on Forbes 2005
• Vincent Lo on Forbes 2006
• YouTube Channel