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"Gold King" Lam Sai-Wing died of illness

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"Gold King" Lam Sai-Wing died of illness

Source: takungpao

Translated by cici@AsianEU

 

Lam Sai-wing and he takes pride in his world of gold

GW-41.jpg

 

Hang Fung Gold Technology Limited Chair and Executive Director Lam Sai-Wing, known by Hong Kong people as the man who single-handedly established his own brand "3D-Gold", unexpectedly died of illness at home at the age of 53 on yesterday morning.

 

It is reported that the "Kong Kong Kind of Gold" Lam Sai-wing was found unconscious in bed at home yesterday afternoon, and was later certified dead. His wife Mrs. Lam was reported to be in mainland China.

 

Create "3D-Gold" brand

 

Hang Fung Gold listed companies issued a statement yesterday to confirm the death of Lam Sai-wing, and all funeral arrangements will be announced later. Statement pointed out that all Lam Sai-Wing's work will be temporary managed by board of directors, and Hang Fung Gold Technology Limited maintains normal operation of business. The statement said Lam Sai-wing devoted his life to the establishment and development of Hang Fung Gold Technology Limited. His distinguished leadership made great contributions to the company, and board of directors, management and staff will continue his spirit and mission to continue company's development plans.

 

Lam Sai-wing and his wife Chan Yam-fei married for more than two decades and has one son and two daughters. The eldest son studied abroad and started working after graduating from university, but he did not work in Lam Sai-wing's company; 2nd daughter studying in the United Kingdom; and 3rd daughter aged 10-years-old. Lam Sai-wing known as "Hong Kong King of Gold", his history to become rich is legendary, amongst his brilliant creation was building a "golden toilet" creative that stimulated his reputation to peak.

 

Sold bananas and understood the way of doing business

 

Lam Sai-wing born in 1955 in the town of Meilong, in Shanwei City of Guangdong Province at Haifeng County, and had a grandfather doing jewelry business. Less than 10-years-old, his father died, and the family burden fell on his mother. He ranked third among five siblings, but his brother had disability, so he become his mother's right-hand man. He was brought up with his brother by his mother in Guangdong's Haifeng waterfront town, and the only source of income was selling bananas on the streets. The accumulated sales experience at a young age got Lam Sai-wing to understand the marketing promotion of business which is significant in accumulating business.

 

In 1978, Hong Kong's prosperity and the gold industry allowed him to make an important decision, that is, becoming an ordinary apprentice with a monthly salary of 300 Hong Kong dollar at a gold jewelry store. With his wisdom, he understood the whole process of making gold jewelry in a short period of time, and mastered all the skills after a year. As a result, he spent all of 2000 Hong Kong dollar savings into 150 grams of gold to begin his career, and show business talent.

 

At the very beginning, Lam Sai-wing used 150 grams of gold to design style on necklaces which he's good at, and selling products to large-scale jewelry stores. After jewelry stores saw his goods, they not only collected the goods, but added orders, which evolved into jewelry storers giving gold supply to him asking him for gold processing and decoration.

 

In 1979, with a few million dollars, Lam Sai-wing took a train to Dongguan finding 30 workers to establish his first jewelry processing plant. In 1986, Hang Fung opened a second store in Shenzhen, in 1989 opened a third store in Beijing; and in 2000 set "3D-Gold" as the official exclusive product of the corporate brand.

 

He saw in 2001 of mainland visitors' preference to shop in Hong Kong that he set up a "3D-Gold" Tourism Exhibition Hall displaying tens of millions of dollars worth of gold toilets. "Gold toilets" was included in the Guinness Book of World Records, and had been used in the subject of filming. Later, he also produced "The Gold Guanyin", "Gold Wong Tai Sin," "Gold Windmill", "Golden Ball" and "gold carriage" to create his own "World of Gold".

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Hong Kong King Of Gold Lam Sai-wing rose from rags to riches died so young at 56, and what a pity at the height of his corporate career.

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A very inspirational real-life story of one man who was born into poverty and worked his way up the ladder of social classes to become a rich tycoon.

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