Vincent Lo Net Worth is$2.1 Billion
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Profession: Businessperson
Date of Birth: 1948
Vincent Lo Net Worth: Vincent Lo is a Hong Kong real estate mogul who has a net worth of $2.1 billion. Born Vincent Lo Hong-shui in 1948, he is the founder of Shui On Land, a construction and building materials company. In order to start his own company, Lo borrowed a huge amount of money from his father, a real estate baron, when he came home after his graduation of the University of New South Wales, Australia, in 1969. Lo gained the first cement plant in Changqing, in 1995, and this made his company one of the China's top three cement companies. Under Lo's management, the company has accomplished various development projects in many Chinese cities, including Shanghai, Foshan, Dalian, Hangzhou, Chongqing and Wuhan. Thanks to Chinese economic growth, the company's shares have increased for 7% in the past year. Furthermore, Lo serves as the Chairman of SOCAM Development, a company interested in property, construction and cement.
Vincent LO Hong-shui GBS (born 1948) is the chairman of Hong Kong-based Shui On Group, a building-materials and construction firm. He graduated from the University of New South Wales, Australia, in 1969. Upon returning to Hong Kong, started business with the sum of HK$100,000 (US$16,700) borrowed from his father, a Hong Kong property tycoon.
In 1984, Lo began investing in Shanghai and built a hotel in partnership with the Shanghainese Communist Youth League. The Tiananmen Square crisis caused occupancy to plunge, and the league could not repay its construction loan. Lo assisted the league in dealing with the loan: Han Zheng was the Youth League secretary at the time, and is now mayor of Shanghai.
In association with Xu Kuangdi, a former Shanghai mayor, Han assisted Lo in gaining the right to develop a piece of land surrounding the hall where the Communist Party of China held its first meeting, now known as Xintiandi. The $170 million property development project is a 20,000 square meter complex of restaurants, bars and shops and is a prime entertainment spot in Shanghai.[citation needed]
In 1995, he bought his first cement plant in Chongqing, which has enabled the Shui On Group to become one of China's top three cement companies. Under Lo's direction, the Shui On Group is carrying out property development projects in other Chinese cities, such as Wuhan, Dalian, Foshan and Hangzhou, as well as Chongqing.[citation needed]
Vincent Lo and Loletta Chu married in November 2008.

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Vincent Lo Latest News

Vincent Lo’s Shui On Land buys Shanghai office property

On Dec 20, Chinese developer Shui On Land – founded by Hong Kong billionaire Vincent Lo – announced that it is buying an office property within Yangpu District in Shanghai. This move involves acquiring the company that owns the property – Shanghai ...
Posted: December 20, 2017, 4:00 pm

Does Washington need an anti-Trump hotel? This entrepreneur is betting on it.

To be fair, though, Katherine Lo didn't initially set out to open an anti-Trump hotel. In fact, the 36-year-old third-generation hotelier might seem an unusual person to spearhead an anti-Trump brand at all. Her uncle, Vincent Lo, a billionaire property ...
Posted: May 14, 2018, 10:16 am

Four Hokies punch tickets to Eugene on Day 1 of NCAA East Preliminary Rounds

Vincent Ciattei also qualified for the quarterfinals after placing second in his heat with a time of 3:46.90. Bashir Mosavel-Lo, a freshman, edged out Savannah State’s Abbas Abbkar by one-hundredth of a second, crossing the finish line in 1:49.72 to ...
Posted: May 24, 2018, 11:38 pm
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