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Tycoon strode a broad stage and worked to the end

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Hong Kong tycoon Lim Por-yen died yesterday as the businesses he spent nearly 70 years fighting to establish continued to rebound from the lows of the Asian financial crisis. He was 93.

His group of companies suffered huge losses and had to restructure debt after the acquisition of the Furama Hotel in 1997 by his property unit, Lai Sun Development.

All the businesses are on the road to recovery after the sale of assets to lenders.

Lim was known for his hard work, often working seven days a week. 'He handed over the group's business just six months ago,' an executive said.

Before he stepped down, Lim had given advice for the restructuring of the group, the executive said. 'He made a lot of good decisions for the group in the past few years,' he said.

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