There are many prominent families in Hong Kong, and there is never a shortage of dramas that are more exciting than Hong Kong dramas!
Luo Kangrui, who has just stepped down as the chairman of the Hong Kong Trade Development Council, said goodbye to Qiubo and had a dinner with a high-level media team, but he did not evade the heated family lawsuit. He reluctantly shook his head and said: "It really made everyone laugh. It was originally a family ugly, but now the whole world knows it!"
The litigation fee is over 100 million yuan, and Luo Kangrui is sad that his 100-year-old mother has become a "puppet". !
Eagle Group "Lady Luo" Luo Dulijun
Recently, Luo Kangrui, the current chairman of Shui On Group, will step down as the chairman of the Hong Kong Trade Development Council. When was discussing with the senior media of Yigan Media, the lawsuit against the Luo family became the focus of Hong Kong Island. Luo Kangrui did not shy away. He also revealed that the litigation fee for the lawsuit over the property dispute alone may have reached 100 million.
Luo Kangrui said: "Every time I talk about ostentation, competition, and appearance together in several big forms (lawyers)!" He also confessed that his hundred-year-old mother became a string doll (note: string puppet). It is very sad! Luo Kangrui also said that now there is no way to reconcile with his second brother Luo Xurui and others. The family relationship has been lost. It is estimated that the accumulated lawsuit costs have reached 100 million Hong Kong dollars and may continue. According to the Hong Kong Commercial Daily News, Luo Kangrui also said that the most distressing thing for him is that his nearly 100-year-old mother has to spend time and energy on lawsuits, and even if she cannot live in a family, she has to move to a hotel for long stays. Luo Kangrui also bluntly said that he hadn't seen his mother Luo Duli for a few years, and Mother's Day was no exception. He said that his second brother, Luo Xurui, had been preventing them from seeing their mother, and even called the hotel. The front desk also said that there was no such person and they could not enter the room.
Luo Kangrui also said that he tried to fight for a meeting on the spot while his mother was out for gatherings with friends, but within 5 minutes, one of the second brother, the second sister, or the younger brother (referring to the younger children) would appear.
The Hong Kong High Court's
family has reached such a situation. Luo Kangrui also admitted that the family relationship has been lost and it is difficult to reconcile. He said that he had asked his mother to talk with them before, but the other party requested that a lawyer must be present. Luo Kangrui said: "How do you talk about ! What can't be done! Luo Xurui and the others brainwashed mother every day, telling us that we are not, even if we see our mother, she will treat us as rebellious! Z28z"
is well known, The family dispute lawsuit mentioned by Luo Kangrui began in 2016. The widow of the late founder Luo Yingshi of the Eagle Group, also known by Hong Kong people as "Lao Luo" Luo Dulijun, went to the court to file a complaint for management. The HSBC International Trust of the Luo Family Trust caused a family dispute over property. A petition brought the family trust administrator to court, which also caused the mother and child to turn back and lose their affection, which is truly regrettable!
Speaking of the Luo family of the Eagle Group, it is not a small family, known as Hong Kong's "second generation five chaebol". The late leader of the generation, Mr. Luo Yingshi, founded the Eagle Group in the 1960s and is the leading real estate industry in Hong Kong. The second generation of
is not inferior! Luo Kangrui and his brothers Luo Jiarui, Luo Xurui and Luo Qirui respectively control Shui On Group, Great Eagle Group, Century City Group, and Sun Fook Kee Group. Together with his father, the family "founder" Luo Yingshi, he was in the real estate industry in Hong Kong. Called "King", two generations of father and son, and the five largest chaebols in Hong Kong, this is the origin of the "second generation and five chaebols" of the Luo family.
Hong Kong Yingjun Group
Yingjun Group founder Luo Yingshi, born in 1913 in Puning, a county-level city in Chaoshan area, he is from Sizhupu Village, Liusha Town, Puning. His wife Du Lijun is also in Puning Liusha Town, but "Lao Luo" Du Lijun is from another village, Xilong Village, Liusha Town, 99 years old this year.
Luo Yingshi, 7 years old, went to Thailand with his father Luo Gongxian, in 1938, the yearThe 25-year-old Luo Yingshi took a draft of more than 30,000 Hong Kong dollars to Hong Kong to develop a new business. In 1956, Luo Yingshi transferred to operating real estate and founded Yingjun Real Estate. In fact, today's descendants of Luo Gongxian and his nephew have business footprints in Thailand, Hong Kong, Sin Chew (Singapore) and other places. They are a wealthy family of "rich for three generations".
Luo Yingshi is the eldest son of the family. When he was 15 years old, his father was sent back to Shantou to study for two years to receive a Chinese education. Later, he returned to Thailand with his mother and followed his father to learn business.
In 1951, the Luo Gongxian family began to agree to separate their families. At that time, Luo Yingshi had hundreds of thousands of entrepreneurial funds. He started by trading foreign groceries and fabrics. By 1955, he had earned the first place in his life in Hong Kong. One million.
Family Portrait of Yingshi Luo in the 1960s
In the 1960s, Yingshi Luo began to change his business direction and involved in the real estate industry, and in 1963 he founded "Yingjun Real Estate". The company's name is "Yingjun", which is derived from the names of Luo Yingshi and his wife Du Lijun, each with the word "eagle" and "jun". In Luo Yingshi's later years, the family's real estate sector was mainly managed by his son Luo Jiarui.
Currently, the six sons and three daughters of Luo Yingshi and Du Lijun are all Hong Kong business elites. Among them, the third son, Luo Jiarui, is the head of the Eagle Group, and he is also a doctor. The second son, Luo Xurui, is the chairman of Hong Kong Regal Hotel. The eldest son, Luo Kongrui, is currently an executive director of Great Eagle and director of several subsidiaries. The fifth son, Luo Yingrui, is also a doctor like his third brother Luo Jiarui. He is an honorary clinical associate professor and cardiologist at the Chinese University of Hong Kong School of Medicine.
The youngest son of Luo Yingshi and Du Lijun, named Luo Qirui, was "kicked out" from Yingjun's board of directors in 2017. At that time, when talking about his parents working hard in Hong Kong before the 1960s and 1970s, Luo Qirui was almost choked up, and when it came to contention, he said: " is a brother for one day, and will always be a brother. "
Founded by Shui On Group Luo Kangrui, the fourth son of Luo Yingshi and Du Lijun and his wife, is also the earliest "creative three generations" in the family who created their own business and took the sole responsibility.
Luo Qirui's family trust fund was established in 1984 by Luo Yingshi and his wife Luo Dulijun. In addition to Luo Dulijun, the beneficiaries also include five sons and one daughter of Luo Yingshi's 6 sons and 3 daughters. The manager of the trust fund is HSBC International Trust, which holds 33.48% of the Great Eagle Group with a valuation of 60 billion Hong Kong dollars and is the largest shareholder of the listed company. (Note that Yingjun’s second largest shareholder is his third son, Luo Jiarui, who originally held 26.18% of the shares and increased his holding to 27.25%. Luo Jiarui is now the chairman and managing director of Yingjun Group.)
According to the fourth son of Luo Kangrui It is said that Luo Jiarui, the third son of Roche and the chairman of the board of directors of the Yingjun Group, accounted for the largest share of this family trust income; the fifth son, Luo Yingrui, was the second; the distribution method was all distributed by his father Luo Yingshi during his lifetime. Decided. However, the beneficiaries did not include the major shareholder of the "rich family", the second son Luo Xurui, the second daughter Luo Huiqi of Luo Yingshi, and the third daughter Luo Hongyun.
After Luo Yingshi's death, Yingjun was mainly handed over to his third son Luo Jiarui, and his youngest son Luo Qirui was the deputy general manager of the group. At present, the third generation of Luo Yingshi members of the Yingjun family have appeared on the board of directors, such as Ms. Luo Dulijun's grandson Luo Junqian.
two years ago, such as media meetings and dinners attended by Mrs. Luo, some family members did not attend for some reason, and they were interpreted as signs of family discord.
Regal REIT Chairman Luo Xurui (left) and her vice-chairman and managing director Luo Baowen
second son Luo Xurui, head of the "Regal Family", Hong Kong High Court sued HSBC International Trust against his mother Luo Duli in June 2017 After the hearing of the case, Luo Xurui responded in this way when attending the general meeting of shareholders, saying that his mother was "very great" and dared to stand up for the interests of the big family. Luo Xurui also said that he would maintain a united front with his mother.
The public opinion generally believes that the Luo familyIn the case of clan disputes, two separate "camps" have emerged: one party is headed by the mother "Lady Luo" Luo Dulijun, including the eldest son Luo Kongrui, the second son Luo Xurui, the youngest son Luo Qirui, the second daughter Luo Huiqi, and the third daughter Luo Hongxuan.
is represented by the third son Luo Jiarui, whose camp includes the fourth son Luo Kangrui, the fifth son Luo Yingrui and the eldest daughter Luo Huiduan. This view is that the mother Luo Dulijun's request to replace HSBC, the trustee of the family trust fund, is due to the influence of other brothers and unable to control the freedom of movement.
Later, the power of Luo's camp weakened. Among them, the eldest son Luo Kongrui and the third daughter Luo Huiqi switched to the third son Luo Jiarui's camp. In May 2017, Luo Qirui, Luo's sixth son, was unexpectedly rejected by a large proportion of 86.16% when he re-elected Yingjun's executive director, and was finally out.
"Lady Luo" once issued a "family letter" accusing the third son Luo Jiarui of being unfilial. The youngest son of
was kicked out of the board of directors. At the same time, Yingjun Group also issued an announcement stating that Luo Qirui will retire from the group executive director and cease to serve as deputy managing director And a member of the Finance Committee of the Board of Directors.
But after this, another "big drama" opened again. On Mother's Day, the fourth and fifth sons Luo Jiarui and Luo Yingrui brought flowers and cakes to the Regal Hotel in Causeway Bay under the name of the second brother Luo Xurui. They wanted to visit the "Lady Luo", but they were stopped by the hotel security. Later, "Lady Luo" sent out a "letter from home", publicly reprimanding Luo Jiarui for being "unfilial."
"Family Letter" wrote: " I have been asking you to support me since last year, don’t go against my and your father’s common wishes, but you have not followed. " In addition, "Lady Luo" is in the family letter. He also argued that he was not instigated, "You should also know the reason why I sued HSBC Trust."
However, a judge of the Hong Kong High Court recently issued a verdict and ruled that "Lady Luo" lost the case. But the "Lady Luo" party still said through a spokesperson that the lawyer team is studying whether to appeal.
Yingjun Group Chairman Luo Jiarui (right) and his fourth brother, Shui On Group Chairman Luo Kangrui (left)
At present, the litigation fee of the lawsuit is over 100 million yuan, and the 100-year-old mother has become a "puppet"! When will Hong Kong's wealthy Luo Kangrui's family dispute end? There seems to be no answer to all this right now, and there is even the possibility of upgrading.
However, one generation will grow old, and the second generation will be established. As the third generation of the Eagle family gradually stepped onto the forefront, coupled with the fourth generation of members of the family, many discomforts and contradictions within the family in the past can also be resolved over time. Gradually fade.
In fact, the "Great Wall" of wealth cannot be built by one person in a day. For example, Luo Huirui, who is in her 80s this year, is the eldest daughter of the Luo Yingshi family. At first, she was by her father Luo Yingshi, helping with the business.
In the 1970s, she persuaded her husband who enjoyed a high salary to give up the doctor's profession. The two founded Baoying Construction Company in 1976. In the future, Luo Huirui's wealth can increase day by day. In addition to taking over the real estate business of his father, Yingjun, it is very important to take advantage of the relationship between his father and Li Ka-shing to undertake a large number of construction projects for Cheung Kong.
Many private enterprises today have a rising period in their careers and wealth accumulation, but within their families, wealth management and distribution decisions are still full of uncertainties and contain many risks.
from the perspective of inheritance practice, imitating the experience of Europe and the United States, by setting up offshore structures, managing family wealth in the form of trust funds, family funds, foundations, etc., can achieve wealth security and intergenerational inheritance to a certain extent. But the core problem of the Eagle King Luo family's property lawsuit is that there are internal disputes over the trust, and there is still no better solution. From this point of view, trust is only one of the effective tools for wealth management, but it cannot replace everything.
The truth is simple: home is always a place of sensibility!
Secret of Evergreen Enterprise: What problems can trust solve?
Ruian Group Chairman Luo Kangrui and his wife Zhu Lingling
rich gossip! When it comes to Luo Kangrui, the chairman of Shui On Group, it is inevitable to say that he and his current wife Zhu Lingling changed from a good friend to a romance.
Some people might say that Luo Kangrui is very ruthless, admiring Zhu Lingling for 20 years, but cruelly abandoned the original partner He Jingjie! But it is also said that after waiting for Zhu Lingling for so many years, Luo Kangrui can be regarded as one of Hong Kong's most affectionate rich!
Zhu Lingling was born in Myanmar. When she was a child, her family moved to Hong Kong to settle. She participated in the Miss Hong Kong contest in 1977 and won the laurel. She was also selected as the most photogenic contestant. She was the first contestant to win two awards. She is still recognized as one of the most beautiful Hong Kong sisters in history.
Eagle King is a "rich for three generations", a wealthy family of trendy businessmen. There are many secrets for its everlasting life, such as the marriage of wealthy families, "together with each other". Z28z
Zhu Lingling is Guo Jingjing's mother-in-law and Huo Qigang's mother. It is precisely because of this love that the Luo Kangrui family has an intricate and constant relationship with another Hong Kong island giant Huo family. Z28z
Zhu Lingling on her 60th birthday (1 from left) After she married into Luo's family, charity became an important part of Zhu Lingling's life. She once said: " charity comes from a grateful heart! "
In fact, There are many stories about the marriage of the rich family of Luo Yingshi. For example, Luo Yingshi's daughter, Luo Hongxuan, soon after graduating from university, she married into the family of Chen Kehua, the same Chaozhou-born Hong Kong merchant rice industry giant, Chen Weilian. Chen Kehua and his brother Chen Kewei founded the "Chen Brothers Company", who is the richest Chinese in France.
In addition, Luo Yingshi’s youngest daughter, Luo Huiqi, and her husband, Lu Yuanrui, are from the Chaozhou-born Hong Kong businessman Lu Mingcai’s family and are also a well-known philanthropist in Hong Kong.
Luo Baoying, known as the "Prince" of the Eagle Group, is the granddaughter of the founder of the Eagle Group, Luo Yingshi. Her husband-in-law is Li Minqiao, the eldest son of Hong Kong Bank of East Asia Chairman Li Guobao, and her mother-in-law Pan Jincui is a Hong Kong department store. The beloved daughter of industry giant Pan Jinxi.
through the marriage of wealthy families, using the effect of marriage to arrange for their offspring to gain a foothold in different fields. The purpose is simple, that is, to allow the family wealth to accumulate for several generations.
Luo Xurui (left), Luo Qirui (right) and his mother Luo Dulijun together
The family is a perceptual place, and the importance of family harmony is sometimes far above the family business. Otherwise, where is "home". "Hey everything"?
Another question has arisen. Why are it so difficult for many family businesses to avoid embarking on the old path of internal strife? Luo Lefeng, the owner of the global apparel foundry king Jingyuan, his father is Luo Dingbang, the "father of the castle, lion and dragon". Like the Yingjun Luoyingshi family, there was also an unforgettable internal conflict. Luo Lefeng summed it up. He believes that he has an abacus in his mind. As the head of the family, it is incumbent to plan for generational inheritance.
Luo Lefeng also emphasized: “The inheritance of must be dealt with. The problem will not disappear automatically. If the contradictions cannot be sorted out, it will only get worse. ”
At that time, Luo Lefeng’s father and founder of Baoshilong Luo Dingbang Before he died, he made a will and divided the property into three parts. Bao Shilong was taken over by his second brother Luo Shukai, and his property was also in his hands, which caused dissatisfaction among other brothers and sisters and the next generation.
Luo Yingyi (Wendy) and Lin Zhiyu (Will) were in the wedding ceremony
In 2007, Luo Yingyi, the daughter of the fourth brother Luo Jiabao, took her uncle Luo Shukai to court and demanded her to hand over the accounts of her grandfather Luo Dingbang Trust Fund. All of a sudden, a generation of textile magnate Luo Dingbang family's wealthy grievances were exposed to the outside world, spreading boilingIn the uproar, Luo Shukai was finally crazy because of the lawsuit defeat.
In this lawsuit, Luo Lefeng is less involved. After the lawsuit was over, he was interviewed by the media. He said: This lawsuit is just to clarify the accounts. Now his brothers and family members still drink tea together when they are free. However, whether this is the case is unpredictable to outsiders. Because of a will distribution, the Luo family has struggled to die, and the relatives are also separated.
family trusts, as one of the main models of family wealth management, have become more and more popular in recent years and become more popular.
trust can be used as an important part of family business succession planning, but it cannot be "trusted". Family business inheritance systems and wealth management must be carefully designed and actively planned, because wealth is not the first element in the inheritance process, only talents are the first. Don't think that with wealth management design, you can "rest back and relax"!
in the final analysis is one sentence: the top-level design inherited from the family must be used to resolve internal disputes within the family.
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