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.