K Wah chairman Lui Che-woo named Business Person of the Year

Lui Che-woo, the founder and chairman of K Wah Group, was named Business Person of the Year at this year's DHL/SCMP Hong Kong Business Awards at a press conference held at the Grand Hyatt yesterday.

Mr Lui was honoured for his 'positive business and social contribution to the development of Hong Kong, and his outstanding and sustained contribution to his organisation'.

He was credited for transforming K Wah, a construction materials provider, into a major player in the property market. The group has also ventured into the entertainment, leisure and hospitality sectors.

In his speech, Mr Lui attributed his success to K Wah's management team and its employees.

'The award is certainly very encouraging,' he said. 'But compared with other international organisations, there is still room for improvement. There are many things we would like to do at K Wah to move forward and to stay competitive.'

The judging panel included David Li Kwok-po, the chairman of Bank of East Asia, who took the Business Person of the Year award last year.

The DHL/SCMP Hong Kong Business Awards have eight categories, including two new ones: International Investor of the Year and the SME Award.