Albert Yeung (; born Yeung Sau Shing; 3 March 1943), is a Hong Kong businessman. He is the founder and chairman of

Emperor Group Emperor Group is a diversified group of companies founded by Albert Yeung in Hong Kong. Albert Yeung's father, Mr Yeung Shing, opened a watch shop named "Shing On Kee Watch Shop" in 1942, setting the business foundation.

Early years

Albert Yeung was born in Hong Kong in 1943 and traces his root to Teochew (Chaozhou),

Guangdong Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...

, China. His father, Mr Yeung Shing, opened a watch shop named "Shing On Kee Watch Shop" in 1942, setting the business foundation.Chairman's Profile from Emperor Group
/ref> In the 1960s his father lent him 200,000 yuan to start his watch business.Southcn.com.
Southcn.com
" ''英皇集團主席 ��受成'' Retrieved on 17 February 2008. In 1964, he opened his own watch shop, "Observatory Watch & Jewellery" on

Nathan Road Nathan Road is the main thoroughfare in Kowloon, Hong Kong, aligned south–north from Tsim Sha Tsui to Sham Shui Po. It is lined with shops and restaurants and throngs with visitors, and was known in the post–World War II years as the Golden ...

Kowloon Kowloon () is an urban area in Hong Kong comprising the Kowloon Peninsula and New Kowloon. With a population of 2,019,533 and a population density of in 2006, it is the most populous area in Hong Kong, compared with Hong Kong Island and t ...

. Two years after he opened his first shop, he obtained the distribution rights of

Rolex Rolex SA () is a British-founded Swiss watch designer and manufacturer based in Geneva, Switzerland. Founded in 1905 as ''Wilsdorf and Davis'' by Hans Wilsdorf and Alfred Davis in London, the company registered ''Rolex'' as the brand name of ...

and

Omega Omega (; capital: Ω, lowercase: ω; Ancient Greek ὦ, later ὦ μέγα, Modern Greek ωμέγα) is the twenty-fourth and final letter in the Greek alphabet. In the Greek numeric system/isopsephy (gematria), it has a value of 800. The wo ...

watches and expanded his business to jewellery in 1966 and later on to other ventures. He was soon successful and became known as the "King of clocks and watches" ().

Business career

Yeung is the founder and chairman of the Emperor Group, a diversified group of listed companies that includes financial services, property, watch and jewellery, entertainment and films, hospitality, publishing and printing, furniture as well as catering.

Family background

Yeung has two sons and three daughters. His two sons and two eldest daughters are also involved in business.

Community services and charity work

Yeung was the Charter President of "Lion Club of South Kowloon" in 1976. In 2008, Yeung set up "Albert Yeung Sau Shing Charity Foundation", which is dedicated to supporting non-profit sports, as well as educational and cultural activities. Yeung donated nearly $20 million to relieve efforts after the

Sichuan earthquake This is a list of earthquakes that occurred in Sichuan province of China. Earthquakes with magnitude of 7.0 or greater Earthquakes registering magnitudes between 6.0 and 6.9 See also * List of earthquakes in Yunnan References {{Earth ...

of May 2008.Emperor Group Chairman Dr. Albert Yeung Receives 2008 China Charity Award
/ref> To recognise Beijing Olympic gold medalists' contributions to sports development in China, he also awarded $12.6 million to the 63 athletes. The

Jackie Chan Fang Shilong (born 7 April 1954), known professionally in English as Jackie Chan and in Chinese as Cheng Long ( zh, c=成龍, j=Sing4 Lung4; "becoming the dragon"), is a Hong Kong actor, filmmaker, martial artist, and stuntman known for ...

and Albert Yeung Charity Foundation, founded by Chan and Yeung, donated RMB 10 million to the Ministry of Civil Affairs of the PRC as a special fund to support the relief efforts after the earthquake in Wenchuan County, Sichuan Province in May 2008.

Charitable foundation

In addition to setting up "Emperor Foundation Scholarship" for seven tertiary institutions in Hong Kong, Yeung has made donations to education funds in China, including the "Ministry of Justice, PRC Education Fund", the "China University of Political Science and Law – C.U.P.L. Mr Albert Yeung Education Fund", the "

Peking University Peking University (PKU; ) is a public research university in Beijing, China. The university is funded by the Ministry of Education. Peking University was established as the Imperial University of Peking in 1898 when it received its royal charter ...

Education Foundation" and "Xiamen Education Fund" for students with top academic achievements or underprivileged background. He also invested and donated RMB 30 million to establish "Shanghai Institute of Visual Art,

Fudan University Fudan University () is a national public research university in Shanghai, China. Fudan is a member of the C9 League, Project 985, Project 211, and the Double First Class University identified by the Ministry of Education of China. It is als ...

– The Emperor School of Performing Arts" to cultivate new talents in China.

Hong Kong

Yeung's charity works in Hong Kong include "Business Community Relief Fund for Victims of SARS" in 2003, "Together we care, Love for South Asia" Charity Show in 2005, "Walk for Hospice" in 2009 and "A Feast of Tastes 2010". The beneficiaries included The Community Chest,

Tung Wah Group of Hospitals The Tung Wah Group of Hospitals (), with a history dating back to 1870, is the oldest and largest charitable organisation in Hong Kong. It provides extensive education and community services through 194 service centres spread across Hong Kong. ...

, World Vision of Hong Kong, Hong Kong Red Cross, the Society for the Promotion of Hospice Care and St. James' Settlement.

Mainland

In 2007, on the occasion of the 10th anniversary of Hong Kong's return to China, Yeung contributed more than HKD 4 million to the official celebration event "Harbour Extravaganza", a firework display and gala dinner. He has been making donations to various foundations in China amounting to nearly HKD 200 million. His donations set up "Tung Wah Group Yeung Sing Memorial Long Stay Care Home" (1998), the "Jackie Chan and Albert Yeung Charity Foundation Baoding Child Care Centre" (2004), the "Hubei Hong Kong Emperor Elderly Care Centre", the "Jackie Chan and Albert Yeung Charity Foundation Baoding Elderly Care Centre" (2006), the "Albert Yeung Sau Shing Charity Foundation (Shunping) Elderly Care Centre" (2009) and the "Albert Yeung Sau Shing Charity Foundation (Xiongzhou) Elderly Care Centre" (2010). He funded hospice services in Hubei, which made him win "The Most Influential Charity Project Nomination Award" in 2007. Cash awards totalling over RMB 10 million were also granted to Chinese gold medalists of 2008 Beijing Olympics.Albert Yeung Sau Shing Charity Foundation
/ref>

Court cases

Perverting the course of public justice conviction (1979)

On 10 February 1979, jockey Tony Cruz (), his brother and two other persons had an argument in a car park in the New Territories with Wai Kin-bong, who was knocked unconscious and hospitalised until 28 February. Wai was then Director and general manager of Tin Tin Daily News. The paper's owner Lau Tin-chau asked Yeung, a common friend of both Cruz and Wai, to try to resolve the tension between the two. Yeung visited Wai in hospital and offered him a "very substantial sum" of money either "not to give evidence against Mr. Cruz or to give evidence that would not 'nail him down'".
HK Judiciary Judgment. In circumstances where the magistrate found that Yeung had promised Wai he would "fix the police", Cruz was never charged. Yeung was convicted of perverting the course of justice and ultimately sentenced to nine months' imprisonment.

Illegal bookmaking conviction (1986)

In 1986, Yeung was convicted of operating an illegal bookmaking syndicate and fined $50,000.
, Report in The Standard newspaper.

Insider dealing (1993)

After a ten-day trial, on 8 June 1998, High Court judge Mr Justice Burrell, sitting as the Chairman of the Insider Dealing Tribunal together with two members, found Yeung culpable of insider dealing in shares of his listed Emperor (China Concept) Investments Ltd in October 1993. He was ordered to pay a total of HK$20,693,433 in fines and costs.
Report of the Insider Dealing Tribunal of Hong Kong.

Charged with criminal intimidation & false imprisonment (1994, acquitted 1995)

Yeung was acquitted after the case against him folded when five prosecution witnesses suffered amnesia, the first of whom told Magistrate Paul Kelly he did not want to give evidence against Yeung because he was "very frightened". The magistrate acquitted Yeung but said he "cannot, with the same assurance, declare justice has been done".

Defamation case against Google (2011)

On 8 August 2011 the ''

South China Morning Post The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained ...

'' reported that Yeung had filed a writ for defamation against Google in the

Hong Kong High Court The High Court of the Hong Kong Special Administrative Region is a part of the legal system of Hong Kong. It consists of the Court of Appeal and the Court of First Instance; it deals with criminal and civil cases which have risen beyond th ...

on the grounds that i
links
to sites making libellous accusations against him.Reuters
Reuters report citing the SCMP.

Honors

References

External links

Albert Yeung Profile , Emperor Group
*
HK cinemagic
{{DEFAULTSORT:Yeung, Albert 1943 births Living people Hong Kong businesspeople Hong Kong financial businesspeople Hong Kong hoteliers Hong Kong real estate businesspeople People from Chaozhou Businesspeople from Guangdong