Data shows that Guo Henian is known as the "hotel king" and "asian sugar king" in Asia. He has established the Guo Group in 1949 and started a business in Johor Bahru, Malaysia, including rice, sugar and flour. Today, the busines...
Data shows that Guo Henian is known as the "hotel king" and "asian sugar king" in Asia. He has established the Guo Group in 1949 and started a business in Johor Bahru, Malaysia, including rice, sugar and flour. Today, the business territory of the Guo family has spread across six continents around the world, and its industries cover many fields such as real estate, hotels, logistics, food agriculture and maritime.
Guo Huiguang (47 years old), the current chairman of the board of directors of Shangri-La Asia and the daughter of Malaysia's richest man Guo Henian, will also serve as the president of the group from next month.
In 2022, Shangri-La Asia transferred former president Lin Mingzhi to non-executive director, and the president seemed to be vacant until Guo Huiguang took over.
In 1953, the Guo family founded the Guo Brothers (Singapore) Co., Ltd. in Singapore, and expanded their business to Thailand and Indonesia in the late 1950s. In 1971, the first Shangri-La hotel of the Guo family officially opened in Singapore, marking that Guo Henian's business empire officially entered the hotel industry.
This also means that Guo Huiguang will also serve as the chairman and president of Shangri-La Asia. The company statement said that the merger of these two positions is aimed at unifying the strategic vision, strengthening execution and corporate governance.
Under the current contract, Guo Huiguang's salary is HK$576,000 (approximately S$94,284) per month, including discretionary bonuses and pensions. Her salary is approved and decided by the Compensation and Human Resources Committee based on performance, contribution and responsibilities, and based on market industry trends and overall company performance.
The price of Shangri-La Asia's stocks listed on the SGX was HK$4.56 (approximately SGX 0.75), with no change as of 11:21 am on July 16; stocks listed on the Hong Kong Stock Exchange fell 0.43% to HK$4.63.
Shangri-La Asia, which was listed in Hong Kong and Singapore, announced this news before the opening of the market on Wednesday (16th).
Guo Huiguang is the daughter of Malaysia's richest man, Guo Hennian and his second wife, He Baolian. He grew up in Hong Kong since childhood and is one of the core members of the "Guo Family". Guo Huiguang holds a bachelor's degree in East Asian Studies from Harvard University in the United States and is currently serving as executive director of China International Trade Center Co., Ltd.
According to Forbes information and company statement, Guo Huiguang joined Shangri-La Asia as executive director in 2016. Since 2017, he has taken over the family's flagship luxury hotel industry from his brother and served as chairman of the board of directors of Shangri-La Asia.
