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S P Tao receives Pioneer Award



Chairman, Overseas Realty, S. P. Tao

Property tycoon Shing Pee Tao was conferred the Outstanding Chinese Business Pioneer Award by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) for his spirit of entrepreneurship and charity.

S P Tao is the founder of the Shing Kwan Group. A naturalised citizen of Singapore of Chinese origin, Tao has extensive worldwide business experience and is widely regarded as a visionary entrepreneur in the commodities, shipping and real estate sectors.

Tao launched his business association with Sri Lanka in 1958 dealing in commodities and shipping with the Ceylon Food Commissioner's office. In the 1970s, he assisted Sri Lanka to set up the Ceylon National Shipping Corporation when he sold one ship, on credit, to the Shipping Corporation which was renamed Lanka Rani. Pursuant to that, as payment, he received a 20% equity share in Colombo Dockyard. He is also the Chairman of Overseas Realty (Ceylon) PLC.

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