The founder of Great Eagle Holdings, the property and hotel giant, has died aged 93 after an illness.
Last night an executive within the group confirmed the death of Lo Ying-shek last Friday.
'He was a nice boss. He always emphasised integrity while doing business,' the executive said.
'He always wore a smile on his face. My impression is that he was a very hard-working person. I didn't see him in the past two years when his health deteriorated.'
As he was chairman and managing director of the firm, Lo's death will be disclosed to Hong Kong Exchanges and Clearing today. A formal announcement and obituary will be released on Friday.
Lo, one of Hong Kong's property market pioneers, retained the top posts at the group he founded in 1955 until the very end. However, he had ceded active management in recent years to his children, six of whom sit on its board of directors along with his wife, 85-year-old Lo To Lee-kwan.
The Chinese company name is a combination of the elderly couple's name: 'Ying-Kwan'.
