According to the Hangzhou civic plan, the campus was sold to the Hong Kong-based Shangri-La Hotels and Resorts (Robert Kuok, 郭鶴年/郭鹤年) at a price of 2.46 billion Chinese Yuan.
Kuok is the nephew of Robert Kuok, a Malaysian business magnate with a net worth of billions of dollars.
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The nephew of Malaysian billionaire Robert Kuok, he is the co-founder of Wilmar International, which is cited as the "world's largest palm oil firm".
Freight interests include Malaysian Bulk Carriers Berhad and Transmile Group.
Due to the new civic plan for Hangzhou downtown, the campus was sold to the Hong Kong-based Shangri-La Hotels and Resorts (Robert Kuok, 郭鶴年/郭鹤年) at a price of 2.46 billion Chinese Yuan.
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Martua along with Kuok Khoon Hong, the nephew of Malaysia's richest tycoon Robert Kuok, founded Wilmar International Limited and by 1991 he owned 7.100 hectare of palm tree plantations, and also build his own palm oil refinery in North Sumatera.
These included, in the mid-1990s, their popular cartoonist Larry Feign, humour columnist Nury Vittachi, and numerous China-desk staff, namely 2000–01 editorial pages editor Danny Gittings, Beijing correspondent Jasper Becker, and China pages editor Willy Lam, who departed after his reporting had been publicly criticised by Robert Kuok.