Lim Por-yen (Chinese: 林百欣; pinyin: Lín Bǎixīn) (1914 – February 18, 2005) was a Hong Kong textiles tycoon and banker. Pinyin, more formally Hanyu pinyin, is the most common Standard Mandarin Romanization system in use Year 1914 ( MCMXIV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Common year Events 3102 BC - Epoch (origin of the Kali Yuga. 1229 - The Sixth Crusade: Frederick II Holy Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders He founded the Lai Sun Group (麗新集團), and his family was the biggest shareholder of Asia Television (ATV). Asia Television Limited ( is one of the two free-to-air television broadcasters in Hong Kong, the other being its arch-rival Television Broadcasts Limited (TVB
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Biography
He was born in 1914 in the city of Chaoyang (潮陽, 潮阳) in Guangdong province, and moved to Hong Kong with his father in 1931. Chaoyang may refer to Chaoyang Liaoning, city in Liaoning China Chaoyang County, county in Chaoyang Liaoning Chaoyang Guangdong ( EFEO: Kouangtong; Pinyin Guǎngdōng; Postal map spelling: Kwangtung) is a province on the [1] In 1945, and started a factory manufacturing garments in Sham Shui Po for export. This article is about the area of Sham Shui Po For the administrative district covering Sham Shui Po Cheung Sha Wan, Lai Chi Kok, etc Lim earned himself the nickname of "African King" in the 1950s when he exported cheap military uniforms to African countries. [2] His company, Lai Sun Garment, was founded in 1947, and later listed on the Hong Kong Stock Exchange. The Hong Kong Stock Exchange ( also 港交所 abbreviated as HKEX;) is the Stock exchange of Hong Kong.
He successfully diversified into real estate in 1987 when he set up another vehicle, Lai Sun Development. Lai Sun Development ("LSD" is a public company listed on the Hong Kong Stock Exchange established in 1987 by the textiles magnate Lim Por-yen. [3] In the same year, Lai Sun acquired the Crocodile Garments business. Crocodile Garments is a textile and garments company in Hong Kong. [1]
Philanthropy
Deeply attached to his hometown and mainland China, he would start a massive program of donations in the 1980s. He founded four secondary schools in Shantou. History Shantou was a fishing village part of Tuojiang City (鮀江都 Jieyang District (揭陽縣 during the Song Dynasty. In 1994, he would found a technical college there with a donation of ¥35 million, and endowed Shantou City Education Foundation with a further ¥10 million. [1]
He is said to have made in excess of ¥700 million in donations to causes throughout China, of which Shantou's share was more than half. [1]
Corruption scandal
Lim was arrested by Taiwan's Bureau of Investigation on accusations that he offered NT$200 million in bribes to several officials of the Taipei County Land Administration Bureau, including its former director. The New Taiwan dollar ( ( Currency code TWD and common abbreviation NT$) or simply Taiwan dollar, is the official Currency of the [2]
Lim owned some land originally slated for farming and industrial use. After Lim bought it, officials allocated the land for the new National Taipei University, allowing him to sell the land back to Taipei County for more than NT$890 million, an estimated NT$300 million above market value. National Taipei University (NTPU ( Traditional Chinese: 國立臺北大學 is a Public university in Taiwan ( ROC) founded in 1949 Taipei County ( is located in northern Taiwan and encircles Taipei City. He is alleged to have bribed officials to rezone the land. [2]
In 1999, he was found guilty on charges of bribery and money laundering through the land deals, but his prison sentence of 38 months was reduced by one year. Bribery, a form of pecuniary corruption is an act usually implying money or gift given that alters the behaviour of the recipient in ways not consistent with the duties of that person Money laundering is the practice of engaging in financial Transactions in order to conceal the Identity, source and/or destination of Money,
His appeal of this conviction was still under consideration at the time of his death.
Personal
Lim was "married" four times and seven children. [1] His is legally and officially married to his first wife, Lai Yuen-fong (賴元芳); his second wife, U Po-chu (余寶珠), is a 50-year veteran of the garment industry, and is a non-executive director of Lai Sun Garment. [2]His third wife is named Gu Shui-ying (顧瑞英) and fourth wife is a divorcee Choy Yim-yu (蔡艷如).
Lim's eldest son is Lam Kin-ming (林建名), works for Lai Sun's Crocodile Garments brand. Crocodile Garments is a textile and garments company in Hong Kong. [1] His second son, born of his second wife, is Peter Lam (林建岳) head of Media Asia Group and the Lai Sun Group. Peter Lam Gin-Ngok ( is the chairman and CEO of Media Asia Entertainment Group. Media Asia Entertainment Group ( also known as Media Asia Distribution Ltd Their relations were under considerable strain when Peter acquired Furama Hotel Enterprises without consulting him. [2] He has a socialite daughter, Pearl (林明珠), who is estranged. [2] He has an adopted son, Lam Kin-hong (林建康)[1]
On December 10, 2004, he gifted his 33. 73% stake in Lai Sun Internatational equally to Peter and his mother. [1] Lim died on February 18, 2005 of a lung infection. [3]
References
- ^ a b c d e f g h 13元錢起家的一代富豪:林百欣生前身後事 "The Lim Por-yen story", www. cctv. com, October 17, 2005 (Chinese)
- ^ a b c d e f Dennis Eng, A little less debt for ailing Lai Sun, The Standard, November 18, 2002
- ^ a b Raymond Wang and Teddy Ng, Lai Sun Group founder Lim dies at 93, The Standard, February 19, 2005
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