Last week, Hong Kong's gossip Magazine Next weekly reported that Beau Kuok Khoon-chen has been sideline since he fall out with family when his love affair with renown singer Teresa Teng, disapproved by his family. Despite Beau Kuok Khoon-chen never marriage Teresa Teng eventually. He marriage a Japanese lady look like Teresa Teng. Since then, It seem Robert Kuok more favor his second son Kuok Khoon Ean.
Kuok Khoo Ean has been appointed chairman of SCMP Group Ltd in 2000 and appointed Chairman of Shangri-La Asia (69) in 2008 and become CEO Shangri-La Asia (69) subsequent year. Shangri-La Asia (69) in Hong Kong consider as Robert Kuok's flagship company. Kuok Khoo Ean also involved in Robert Kuok's listed company in Thailand and Malaysia.
It seem that it become too much pressure on Kuok Khoo Ean, he also lack of support from his elder brother Beau Kuok Khoon-chen . Shangri-La Asia (69) announced a 66% drop in profit in half year result ended Aug 2013. Kuok Khoo Ean has been on leave before the announcement of half year result. Rumour in the market said that Kuok Khoo Ean has been hospitalise due to depression.
Kuok Khoo Ean leave suppose to end 31 Aug 2013 and resume to work in September 2013. However, filing to Hong Kong Stock Exchange show that Beau Kuok Khoon-chen has resigned as chairman of Kerry Properties Ltd (683) and has been appointed Deputy chairman and Managing director of Shangri-La Asia (69), the flagship company of Robert Kuok. Kuok Khoo Ean only remain as director.
It seem Kuok Khoo Ean hospitalisation has mess up Robert Kuok succession planning. Apparently, it look like Beau Kuok Khoon-chen has regain power. Next magazine speculated that Robert Kuok might have alternative planning on succession issue as children of his first wife do not cooperate with each other.
The magazine speculated that Robert Kuok like children of his second wife. Kuok Hui Kwong become CEO and Managing Director of SCMP Group Ltd between 2009 to 2012. SCMP Group Ltd has been delisted on Hong Kong Stock Exchange since 26 february 2013 due to unable to meet shareholder spread requirment by Hong Kong stock exchange. However, this doesn't affect her impression in the eye of Robert Kuok.
Kuok Hui Kwong's brother Kuok Khoon Wah do not hold any position in public listed company of Kuok empire. However, he is de-facto personal assistant of Robert Kuok, his office is next room of Robert Kuok and Robert Kuok bring him along during networking lunch and dinner and pass a lot of connection to him.
Youngest daughter Kuok Yen Kwong just joint the company recently after graduate from Harvard
Kuok Khoon Wah,Kuok Hui Kwong,Kuok Khoon Hong appear on rare TV interview in China together with robert Kuok
There is possibility of nephew Kuok Khoon Hong takeover as captain of his empire.
Profit of Wilmar International listed on Singapore Stock Exchange, a company lead by Kuok Khoon Hong has been equal to profit of Robert Kuok's 3 listed company's listed on Hong Kong Stock Exchange combined. Impressive and not an easy achievement for other to match.
Wilmar International Ltd (WIL)., is the world’s biggest processor of palm oil and eighth-biggest sugar producer.
In 1988, at his nephew Khoon Hong’s suggestion, he branched out into edible oils. By 1993, Coca-Cola Co. was impressed enough with Kuok’s China connections to form a bottling joint venture with him.
That lasted until 2008, when Coke bought back Kerry Group’s stake for an undisclosed amount, both companies pronouncing the outcome a success.
The family’s history of that period harbors an enduring mystery: a 16-year parting of the ways between Robert and Khoon Hong, who in 1991 left the Kuok Group to set up Wilmar with Indonesian entrepreneur Martua Sitorus.
It wasn’t until 2007 that Robert acquired a 32 percent stake in Wilmar and injected most of his agribusiness into it. Neither Robert nor his nephew would discuss the split.
Update : Kuok's children seen battling for HK$300 billion fortune
Robert Kuok still rooted to Malaysia despite spending 40 years in Hong Kong
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