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Rickshaw puller's odd route to riches

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Ngan Shing-kwan and his crew once hauled wealthy businessmen down Nathan Road in their rickshaws.

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Today, his children glide to their multi-million-dollar properties in a gold Daimler while millions jolt along in the Ngan family's dusty blue-and-white buses.

When visitors enter the China Motor Bus headquarters in Chai Wan, they will see none of the trappings of wealth.

As drivers shuffle through the grimy lobby punching time-cards, a groaning lift, carpeted in oil-stained hessian, carries administrators to the fifth-floor office suites.

The elder Ngan, said to be in his 90s, owns 7.71 per cent of shares. His daughter, managing director Irene Ngan Kit-ling, 63, owns 7.17 per cent.

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Assistant manager Horace Ngan Kit-keung, 58, has 11.9 per cent of his father's company, in which he has been a director since the age of 21.

Another son, Professor Henry Ngan of the University of Hong Kong's medical school, has about 12.4 per cent. With Ngan Kit-man's 8.67 per cent the family owns about 48 per cent of CMB.

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