Vincent Lo Head of Shui On Group Date of Birth: 01.01.1948 Country: Hong Kong

1. Vincent Lo: Founder and Chairman of Shui On Group
2. Establishment of Shui On Group
3. Expansion into Hotel and Cement Industries
4. Shui On Construction and Materials Limited
5. Global Ambitions and Success

Vincent Lo: Founder and Chairman of Shui On Group

Vincent Lo or Lo Hong Shui is a Hong Kong-based businessman and the Chairman of Shui On Group, a property and construction materials conglomerate. Born in 1948, Lo's entrepreneurial journey began with a modest loan of $16,700 from his property tycoon father.

Establishment of Shui On Group

In 1971, Lo founded Shui On Group, a construction and property development company primarily operating in Hong Kong and China. The group aimed to establish a reputation for high-quality and durable buildings. In 1997, all of Lo's companies were consolidated under the holding company Shui On Construction And Materials Limited, which went public on the Hong Kong Stock Exchange later that year.

Expansion into Hotel and Cement Industries

In 1984, Lo ventured into the Shanghai hospitality sector, constructing several hotels in partnership with the Shanghainese Communist Youth League. He also built one of the largest amusement parks in Shanghai. In 1995, he acquired his first cement plant in Chongqing, which later became one of China's largest cement producers. Lo continued to strategically purchase properties in China's provincial cities, including Wuhan and Hangzhou.

Shui On Construction and Materials Limited

Under Lo's leadership, Shui On Construction And Materials Limited has become a major player in the construction industry. In 1985, Lo's cement business emerged as a leading cement producer in China, known for its superior product quality and high demand. The company leverages the rapid economic growth in China to expand its operations.

Global Ambitions and Success

Shui On Construction And Materials Limited aspires to gain global recognition in both real estate and building materials. With an estimated net worth of $2.5 billion, Lo ranks among China's wealthiest individuals and is listed as the 462nd richest person in the world by Forbes.