Key :
Kuo International was founded in 1963 by Mr Peter Fu Yun Siak as a general commodities trader. It expanded into oil trading in 1976.
Mr Ong married Mrs Ong in 1972 and, in
February 1978, became Kuo International's managing director.
According to the Ongs, it was Mr Ong and his father-in-law who started and grew the business in Kuo International.
Key :
Within two years ( 1978 - 1980) , the Kuo group of companies had funds of $45 million available for the acquisition of Hilton Hotel. In 1980, HPL was incorporated for this purpose.
Using Inflation Calculator
s$45 million (in 1978) is roughly about s$210 million worth (2023/2024)
key question is :
how did Ah Seng come into "s$210 million " at Kuo International within a relatively short span of
2 years ?
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