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T.H. Chan
Chan Tseng-hsi (; 1923 – March 8, 1986) was a Chinese entrepreneur who founded the Hong Kong-based real estate company Hang Lung Group. Born and raised in Guangdong, China, Chan moved to the British Hong Kong in the 1940s because of the Chinese Civil War. He took an entry-level job in a bank and eventually built a successful real estate business. According to his son Gerald Chan, Gerald, he used to loan money to his friends to pay for their children's school fees. His mother was a nurse who, in the 1950s, gave cholera vaccinations to the neighborhood children in the family kitchen. After Gerald got a fellowship for his doctoral studies at Harvard, Chan was proud of his son, but disturbed that Gerald was taking the place of someone who couldn't pay. He told a friend, "We have the means to pay tuition. Why is Gerald taking the scholarship away from someone else?" In 2014, his sons Ronnie Chan, Ronnie and Gerald donated $350 million to Harvard University, which named the Harvard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hang Lung Group
Hang Lung Group is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses. Its subsidiary Hang Lung Properties is one of the largest property developers in Hong Kong, and also invests in the Mainland China market. , Hang Lung Group ranked number 1501 in the Forbes Global 2000 list. History Hang Lung Group was founded by T.H. Chan on 13 September 1960, and is now one of Hong Kong's biggest real estate developers. For the first 32 years, the Group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the Mass Transit Railway. The Hong Kong market suffered from a temporary collapse during the early 1980s due to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment propert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |