Cecil Chao paves way for Gigi to take over Cheuk Nang despite lesbian wedding row

Cecil Chao paves way for Gigi to take over Cheuk Nang despite lesbian wedding row

Daughter to be Cheuk Nang vice-chairwoman, despite wedding rowYvonne Liu

Cecil Chao, the 78-year-old chairman of Cheuk Nang, said yesterday that he would propose promoting his daughter to vice-chairwoman of the board next month. He is also planning to set up a trust fund and use part of the money for charity.

The family came under the spotlight in 2012 after Cecil Chao offered HK$500 million to any man who succeeded in marrying Gigi Chao after learning she had wed her girlfriend, Sean Eav.

“I hoped my dad would not step down so early. He enjoys work. The company is his largest achievement. It also gives him the greatest pleasure,” Gigi Chao, an executive director of the company, said.

Her focus for this year would be the tender of Cheuk Nang Plaza in Wan Chai and the sale of units in Opus, a residential project in Shenzhen.

The company has appointed agency JLL to handle the tender of its headquarters at Cheuk Nang Plaza. The tender will close on September 23.

The 32-storey office building at 250 Hennessey Road has a total gross floor area of 55,622 square feet.

The indicative price of the building is HK$880 million, or HK$15,821 per sq ft.

The company may lease back some office space after the building is sold. If the buyer decides to convert it into a retail or hotel development, the company will look for a new headquarters.

“We are still unable to obtain the pre-sale consent from the government for One Kowloon Peak [a residential project in Yau Kam Tau] after seven years. So we decided to release our office building for tender to see whether we could generate a high profit from the disposal. The demand for office and commercial properties has been strong recently,” Gigi Chao said.

She said the company planned to launch One Kowloon Peak, two residential projects in Malaysia and another in Hangzhou next year.

“Our development focus has shifted from Hong Kong to the mainland already. Both of our projects on the mainland have a total gross floor area of more than one million sq ft and are located in strategic locations,” she added.

Cecil Chao estimated the four projects in Hong Kong, Malaysia and the mainland were worth a total of HK$10 billion.

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Robert Chaen

Global CEO-Founder of ChangeU and Movsha Movers & Shakers, Hero-CEO Whisperer, Writer, The #1 Alpha Change Expert, Father of Asian FireWalking Robert Chaen is an International Keynote Speaker, writer, researcher, and corp games designer. He is famously known to be the “Hero-CEO Whisperer”, 1-on1 coaching with many CEOs and Celebrities for corporate strategies, staff & office political issues, personal branding, and even public figure OSHA safety drilling called Drager Defense. He has transformed CEOs and managers in Coca-Cola China, TVB Hong Kong, Cathay Pacific, Hong Kong Airport Services, VADS, TM, Public Bank, Auditor General's Office Maldives, etc. He is the prolific creator and online Author of innovative management tools such as DragonCEO, Diamond Leader, Papillon Personal Effectiveness, OSHA Drager Defense, KPI Bank, etc. He is also the Founder of Movsha, an international networking with monthly mingles with MOVers & SHAkers, Angels, Entrepreneurs, CEOs, Celebrities, HR-PR-CSR, HODs, and the Most Influential IDEA people. ​Chaen is widely considered as one of the top International Platform Keynote Speakers for Resorts World Genting Senior Management Conference (Manila), 7-Eleven HK, Samsung, Coca-Cola China Mini-MBA @Tsing Hua University, Cathay Pacific, Hong Kong Jockey Club, The Story Conference where he interviewed Datuk Kamarudin (Chairman of AirAsia) and Siti Nurhaliza. He has been widely featured in TVB, AWSJ, CNBC, SCMP, The Star, and Sin Chew. As “The Father of Asian FireWalking”, he coached TVB celebrities (Ekin Cheng Yee-Kin) to walk on 650°C fire; and raised HK$68M in the world’s 1st and only live TV Charity FireWalk (TVB Tung Wah Charity Show), before Tony Robbins even came to Asia. If Robert can get you to walk on 650⁰C fire, he can inspire you to be THE BEST. He champions CN-HK-EU-US Tycoons to be philanthropic, and to be angel investors to support the next generation of Jack Mas, Steve Jobs, Richard Bransons, Steven Spielbergs, or Barrack Obamas. With some slick motivational speakers with fake doctorates out there, graduates often describe Robert to be "the most credible, empowering, truthful Coach" who believe in his graduates to believe in themselves. ​However, clients have described Robert as "The #1 Cool Badass Alpha Change Expert". He has the coolest first class stature, rapport and trust from clients. He will not hesitate to tell the badass truth ever so gently because clients are paying him big bucks to reveal the truth, find solutions, persuade the hostile HODs, and align cross-teams within the organization. Originally based in Hong Kong for 20+ years, he had worked with top Branding/Ad agencies at J Walter Thompson and Leo Burnett, and was a certified FranklinCovey (7 Habits) in USA, and NLP MasterCoach (USA). His warmth is known to soften the most hardened, resistant sceptics. He will inspire your team to Go for Top 1, or to be a Dragon CEO. With boundless energies, Robert owns 15+ successful business Joint-Ventures, and created unique products under his global VC network called Chaen's Angels VC. He is deeply passionate about ChangeUTH Youth CSR, Science-Based Medicine (vs. quackery), short films and Reality TV. Touched by a personal tragedy through the loss of his HK-born Portuguese wife, co-coach and business partner, Brenda José of 18 years, Robert explores the many ways in which the spirit world is communicating with the living with real scientific studies and evidence. He gives inspiring conferences on The Secret Afterlife.

One thought on “Cecil Chao paves way for Gigi to take over Cheuk Nang despite lesbian wedding row”

  1. GIGI, A BEAUTIFUL RAINBOW A VERSION
    QUITE naturally healthy JOURNEY willingly VEN
    OPEN SURFFACE ALL CHALLENGES RIPPLE IN WATER” WHATEVER MR.CECIL CHAO
    DOES IS ENVISIONED LOVE WHOLEHEARTEDLY FOR ETERNITY, DAD
    AND DAUGHTER JOINED forever

    Like

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