New film the latest in list of challenges for the 'Father of Lan Kwai Fong' and 'Rescuer of Ocean Park'
SINCE ENTREPRENEUR Allan Zeman received an $888 million windfall from the sale of his shares in trading giant Li & Fung six months ago, there has been much speculation about how the man nicknamed the 'Father of Lan Kwai Fong' and the 'Rescuer of Ocean Park' would spend the money.
But it seems Mr Zeman has been too busy arranging the May release of An American Haunting, the latest offering from his United States movie company After Dark Films, to give it much thought and the money is still sitting in a bank deposit account.
'The interest rate is now at 5 per cent, which is not a bad investment. I will keep the money as a reserve and wait for something to happen, such as investment opportunities in real estate or shares,' he said, sitting in his California Tower office overlooking his many bars and restaurants in Lan Kwai Fong.
The $888 million was the final reward from his ties with Colby, the fashion export business he started when he arrived in Hong Kong in the early 1970s.
He sold Colby to Li & Fung in 2000, netting $247.5 million in cash and the shares which he off-loaded in September last year.
That was a big month for Mr Zeman as it also marked the opening of Disneyland, challenging all the work he had put into revitalising Ocean Park since former SAR chief executive Tung Chee-hwa had appointed him chairman of the ageing theme park more than two years earlier.