George Chao Sze-kwong, 76, chairman of Wah Kwong Maritime Transport, and the second generation of the Chao family shipping empire, recently passed away after battling with illness for many years.
The youngest son of Wah Kwong founder T Y Chao, Mr. Chao joined the company in the mid-1960s and focused on the commercial and financial aspects of the company where he built up strong relationships that the company maintains to this day. Wah Kwong is a founding member of the Hong Kong Shipowners Association (HKSOA). As with most other founding members, the company’s heritage can be traced back to the mainland.
The Chao family represents one of the most prominent of Hong Kong’s shipping dynasties. George’s eldest daughter, Sabrina, took over the running of the company in January 2013, and is now also the chairman of HKSOA. Sabrina was also voted to Forbes most recent list of Asia’s 2016 Power Business Women. She will continue her role as leader of Wah Kwong after her father’s passing away.
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