Antonio Hang Tat Chan

Executive Vice Chairman

King Wai Group (Thailand) Public Company Limited

2019

Asia’s Most Admirable Young Leaders

Antonio Hang Tat Chan

Asia’s Most Admirable Young Leaders

2019

Executive Vice Chairman

King Wai Group (Thailand) Public Company Limited

WORDS FROM THE JURY PANEL

Apart from the impressive business growth that Antonio has spearheaded in Thailand, King Wai Group (Thailand) has also done inspirational things in terms of CSR. It supports the Duangprateep Foundation which helps protect children in the biggest slum in Thailand, sends volunteers to schools in Phetchaburi Province to help improve facilities, and helped repair a school in Saraburi province which was destroyed by termites. The company also sponsored teacher-hiring contracts to make up for the shortfall in teachers.

Words from the winner

Antonio hang tat chan

Of Value and Honour

Leadership lessons from East and West.

King Wai Group is one of China’s most reputable and renowned conglomerates, with a proven record of accomplishment of nearly 40 years in mega mixed-use developments, and finance for sustainable growth in Thailand. Over the last few years, the Group has acquired real estate and insurance operations in Thailand, where its experience and expertise within the insurance sector allows for strong agency and broker relationships, and well-delivered solutions to its clients.
After graduating at the age of 25, Antonio Hang Tat Chan was tasked to spearhead the King Wai Urban Oasis flagship real estate project in Tianjin Binhai New Area (TBNA), China, by his father and Chairman, King Wai Chan. In 2012 the project became the first China Environmental Label – Low Carbon Building project in China. It went on to win the China Environmental Label – Low Carbon Building Award.
King Wai Group invested in the real estate industry in Thailand by acquiring a real estate company in 2016. Its first housing project in Thailand sold out, assuring the group of a successful business foundation in Thailand. This was followed by the rebranding of a local insurance business to King Wai Insurance, beginning a new chapter in the financial service industry in Thailand, making the country its South East Asian hub.
“Expanding to a regional and international level was a challenge. We had to adapt to different cultures, learn new business cultures, and inspect political, economic and sociological factors in every area in which we had investments. These challenges help to shape me as a leader who made people my top priority,” says the Hong Kong-born graduate of the University of Toronto, and MBA holder.

“I continue to adhere to his motto ‘Responsibility creates value, mission inspires endeavor’ while working, and place responsibility as my priority in every aspect of my life, especially in our business, in order to create value for our customers, shareholders, and employees.

“An important key to success for me was learning how to integrate traditional Chinese and western cultures. I spent a long time in the West, which has contributed to my logical thinking and flexibility in cultural adaptation. Meanwhile, my family background is rich in Chinese moral concepts, where it looks at employees as family members. Modern enterprises are not just a simple combination of capital and wisdom, but also a perfect combination of morality, reasonable judgment and humanity. The two sides of cultural combination, my experience stemming from my family’s business, and my strong conscience has contributed to my success in the business,” says the erstwhile young leader, who names his father as his greatest role model.

“I continue to adhere to his motto ‘Responsibility creates value, mission inspires endeavor’ while working, and place responsibility as my priority in every aspect of my life, especially in our business, in order to create value for our customers, shareholders, and employees. Courage is also something we need in the business area, because we have to consider advantages and disadvantages when evaluating each opportunity,” Hang shares. He also notes that the world is becoming more sophisticated, due to rapid technological innovations. The opening doors of mergers and acquisitions have also connected different countries with massive cultural shifts. “An inspirational leader is one who is open-minded and ready to share, and who can obtain innovative ideas from the team to achieve business objectives,” he states.

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