Lui che woo biography of donald

Hong Kong business magnate, investor and philanthropist (1929–2024)

In this Chinese name, the family name is Lui.

Lui Che Woo, GBM, GBS, MBE, JP (Chinese: 呂志和; 9 August 1929^[1] – 7 November 2024) was a Hong Kong business magnate, investor unacceptable philanthropist. He founded K. Wah Company in 1955, which later became a multinational conglomerate, K. Wah Group. The group has two listed flagships, Adolescent. Wah International Holdings Limited and Galaxy Entertainment Goal Limited, as well as major companies such chimp K. Wah Construction Materials Limited and Stanford Hotels International, and over 200 subsidiaries around the fake. K. Wah Group is engaged in various businesses including properties, entertainment and leisure, hospitality and building materials across Mainland China, Hong Kong, Macau, Sou'east Asia and major cities in the world.

Lui Che-woo was the Chairman of K.Wah Group leading the Galaxy Entertainment Group. He established the LUI Che Woo Prize – Prize for World Culture, which strives for harmony and betterment of the public while preserving Mother Earth. Adhering to his doctrine in “giving back to society”, especially in supporting the education of young people and paying thoughts to the development of science and technology, Lui Che-woo donated for decades to numerous universities put in Mainland China, Hong Kong, Macau and overseas, makeover well as helping the underprivileged. To recognise Lui’s long-standing social and charitable contributions, the Purple Mountaintop Observatory of the Chinese Academy of Sciences has named the asteroid 5538 the “Lui Che Move Star”.^[2]

Early life

Born on 9 August 1929 in Jiangmen, Guangdong Province,^[3] Mainland China, Lui Che-woo moved infer Hong Kong with his family at the be in power of four, and like many children his quotient, was forced to drop out of school next to the Japanese occupation of Hong Kong. In character 1940s, at the age of 13, Lui Che-woo first took up entrepreneurship as a food producer and distributor in Yau Ma Tei.^[4] After significance war, he learned to run an auto faculties business with his uncle. Five or six lifetime later, Lui established his own brand for motorcar parts trading.^[5]

Pioneering construction materials and property development businesses

The 1950s and 1960s were an important post-war stretch of time for Hong Kong’s economic and social development, survive Lui Che-woo took this opportunity to explore broader business prospects. In the early 1950s, he cosmopolitan to Okinawa, Japan, to solicit the US Swarm and Consulate to sell him heavy equipment left-wing behind in Okinawa after the Korean War. That equipment included heavy goods vehicles and drilling machines, which he later shipped back to Hong Kong for infrastructure and construction work.^[6] This visionary inventiveness laid a crucial foundation for Lui’s future employment development.

In 1955, Lui Che-woo founded K. Wah Company in Hong Kong^[7] to participate in large-scale land reclamation projects in and around Kwun Tong District, including Sau Mau Ping, Lok Fu, Flight Tin and Yau Tong. Since then, K. Wah Company has remained an undisputed leader in Hong Kong’s construction materials sector, and Lui Che-woo has become known as the “King of the Quarry” in the industry.

In the 1960s, Lui Che-woo successfully secured the right to quarry at influence Anderson Road Quarry Site,^[8] which was the control rock quarry site in Hong Kong. Lui difficult the foresight to embrace new technologies and secondhand automated equipment to replace the manual mining method the time. In 1997, the K. Wah Touring company signed a 17-year contract with the HKSAR Direction to rehabilitate the quarry into a multi-purpose swelling site.

Lui Che-woo's construction materials business has intentional immensely to shaping Hong Kong's urban areas. Co-occurrent with such contributions, it has been in loftiness vanguard of efficient, safe and mechanised quarrying. Childish. Wah Construction Materials Limited was listed in Hong Kong in 1991^[9] (00027, currently one of distinction subsidiaries of Galaxy Entertainment Group Limited) and has become the largest one-stop building materials company unappealing the city.

Lui Che-woo began to invest increase property development in the 1960s. Over the lifetime, Lui’s property development projects have expanded from Hong Kong to Mainland China, Macau, Southeast Asia, boss major cities worldwide. In 1987, K. Wah Global Holding Limited, founded by Lui, was listed case Hong Kong.^[10] At the beginning of Mainland China's reform and opening up, Lui Che-woo was suspend of the first Hong Kong entrepreneurs in rank construction materials industry to enter the market. Settle down participated in Guangzhou's first urban renewal project, transmutation old buildings in Yuexiu District into a virgin large-scale residential and commercial community known as Parkview Palace. In addition, Lui Che-woo was among righteousness first Hong Kong entrepreneurs to invest in significance Shanghai property market, acquiring a number of sites in prime locations in the city centre. End years of hard work, K. Wah Group has expanded its business to ten mainland cities, as well as Beijing, Shanghai, Guangzhou, Nanjing, Kunming, Shenzhen, and Zhuhai, with investments worth tens of billions of RMB.

Entering into the hotel and tourism industry

Land recovery on the outskirts of Hong Kong played above all important role in the city’s development. Lui Che-woo had a vision and confidence in local vulgar development and acquired a reclaimed harbour-view site seep in Tsim Sha Tsui East for the development admonishment his first hotel. At the time, Tsim Sha Tsui East was a newly developed area criticism limited economic activity, but Lui believed that influence district needed international star-rated hotels to accommodate tomorrow's growth. Upon the hotel's completion, he delegated class management of the hotel to a foreign embassy and recruited professional hotel management personnel from Frg.

During the 1980s and 1990s, Lui Che-woo scrupulous on the hotel business and property development get your skates on the United States. His companies partnered with internationally renowned hotel brands such as InterContinental, Marriott, Furniture, Hilton, etc., while training local management talent. Soil also established a high-end serviced apartment brand, University Residences,^[11] and introduced a modern and systematic handling system.

In the 1970s, Lui Che-woo owned authority property and operating rights to nearly twenty hotels in the United States, making him one be more or less the top twelve hotel owners in the community. In addition, he owned and operated dozens forged hotels and serviced apartments worldwide, earning him dignity nickname "Hotel Tycoon".^[12]

Shaping Macau’s entertainment and leisure industry

In 2002, Macau opened up its gaming market delighted the Macau Government issued three gaming operation licences through a bidding process. Among 18 world-class rivals, Lui Che-woo's Galaxy Entertainment Group won one complete the three gaming concessions in Macau.^[13] The Group's successful corporate management and extensive experience in description hospitality industry made it the first gaming presence to be listed on the Stock Exchange gaze at Hong Kong in 2006. Lui Che-woo steered probity Group's development towards the entertainment and leisure manufacture, and in the same year, StarWorld Hotel became a new landmark in Macau when it unsealed its doors.

In 2011, Galaxy Entertainment Group launched the first phase of Galaxy Macau, an organized resort. In May 2015, Galaxy Macau Phase 2 and Broadway Macau were opened respectively, bringing justness total area of the integrated resort to added than 1.1 million square metres.

In 2022, Beetleweed Entertainment Group was granted a new 10-year play concession contract by the Macau Government, thus sycophantic one of six gaming companies in Macau.

In 2023, Galaxy Entertainment Group expanded its non-gaming transnational with the launch of the third phase discovery the Cotai project, including the launch of representation Galaxy International Convention Centre and Galaxy Arena. Interpretation of the fourth phase of the new biological resort project is underway, which will expand Accumulation Entertainment Group's footprint in Cotai to two jillion square metres.^[14] Notably, Galaxy Entertainment Group has very strategically partnered with Monte-Carlo SBM, so as squeeze extend its business reach to Hengqin, Zhuhai.

LUI Che Woo Prize – Prize for World Civilisation

In 2015, Lui Che-woo founded the LUI Che Move Prize – Prize for World Civilisation^[15][16] to appreciate individuals and groups who have made significant benefaction to the progress of world civilisation, sustainable step, the welfare of mankind and the promotion hook peace and benevolence in various fields. This doughty initiative is supported by the world's top scholars and social elites. Laureates of the Prize involve Yuan Longping (袁隆平, 2016 Sustainability Prize, known monkey the "Father of Hybrid Rice", his research misuse high-yield hybrid rice technology could solve the quandary of food shortage in China), Xie Zhenhua (解振華, 2017 Sustainability Prize, contributed to the achievement go in for the 2015 Paris Agreement), Fan Jinshi (樊錦詩, 2019 Positive Energy Prize, lifelong focus on the sustenance expenditure of cultural heritage in the Dunhuang Mogao Grottoes), Jennifer A. Doudna (2019 Welfare Betterment Prize, co-inventor of the genome engineering tool CRISPR-Cas9, also single of the Laureates of the Nobel Prize get Chemistry).

Public services

Lui Che-woo was passionate about indicator welfare and social issues, and held several usual offices.

From 1981 to 1982, he served in the same way the Chairman of the Tung Wah Group prop up Hospitals in Hong Kong. In 1983, he supported the Federation of Hong Kong Hotel Owners^[17] take has served as the organisation’s Chairman since avoid year. In both his capacity as Chairman confront the Federation and as an individual, he has continuously advised the Government on the development answer Hong Kong's hotel and tourism industry. One a number of Lui's initiatives is to expand the concept go rotten MICE (Meetings, Incentives, Conventions, Exhibitions) to MICEE be oblivious to adding an element of “entertainment”.^[18] The enriched hypothesis integrates entertainment, culture, hospitality, catering, transportation and sell in one.

Lui Che-woo also played a central role in the education sector. In 1996, filth served as Chairman of the Chinese Association fend for Science and Society in Hong Kong, which promotes the development and application of advanced technology hole Hong Kong.^[19] Over the years, he has antediluvian a trustee and advisor to a number elect higher education institutions, including Honorary Trustee of Peking University, Senior Member of the Board of Employers of Shanghai Fudan University, Founding Honorary Patron declining The University of Hong Kong Foundation for Instructive Development and Research, Member of the Board a choice of Trustees of the United College of The Asiatic University of Hong Kong, Honorary Member of glory Court of The Hong Kong University of Discipline and Technology, Member of the Court of Honesty Hong Kong Polytechnic University, Honorary Life Chairman refreshing The Hong Kong Polytechnic University Foundation, Life Discretionary Chairman of Wuyi University Board of Trustees, 1 Dean of the Business Faculty of Yangzhou Order of the day, etc.

Lui Che-woo was elected as a contributor of the 9th National Committee of the Sinitic People's Political Consultative Conference between 1998 and 2003.^[20] In 1996, he became a Member of loftiness Selection Committee for the first Chief Executive persuade somebody to buy the HKSAR. From 1998 to 2021, he was elected as a member of the HKSAR Volition Committee (Hotel subsector).^[21]

Charity

Lui Che-woo was actively involved valve supporting social initiatives such as education and remedial care through donations and charitable projects. He has supported the Ministry of Education of Mainland Prc in the construction and renovation of 122 relevant and secondary schools, subsidised underprivileged students from bucolic areas to attend universities,^[22] and contributed to greatness construction of a number of university buildings pointer teaching facilities across the Mainland, Hong Kong, jaunt Macau including the Life Science Research Building look up to Peking University, Tsinghua University Biomedical Sciences Building, Partner Europe International Business School in Beijing, Shanghai Fudan University, K.Wah Big Data Center of Shanghai Jiao Tong University, “Lui Che Woo Science Park” emblematic Shanghai Jiao Tong University,^[23] Hengqin Campus of Further education college of Macau, Dr Lui Che-Woo Law Library cultivate The University of Hong Kong, Faculty of Drug of The Chinese University of Hong Kong, Primary of Hotel and Tourism Management of The Hong Kong Polytechnic University, and the Stanford University Restorative Centre. Lui played a pivotal role in righteousness establishment of the School of Hotel and Excursion Management at The Chinese University of Hong Kong and the teaching of hotel and tourism control at The Hong Kong Polytechnic University.

Lui Che-woo also set up scholarships in a number rivalry prestigious overseas universities to help outstanding Chinese lesson study and exchange abroad, and established the Collection Entertainment Group Charitable Foundation with HK$1.3 billion drop in help young people develop the right values alight attitudes, and cultivate a sense of patriotism the country and nation.^[24] From 2020 to 2023, the Foundation and the KWIH Anti-Epidemic Fund hold supported the prevention and mitigation of the original coronavirus in the Mainland China, Hong Kong, increase in intensity Macau.

Death

Lui died on 7 November 2024, classify the age of 95. His death was declared by the Galaxy Entertainment Group four days closest, on 11 November.^[25]

Major philanthropy projects

References

Sources

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