Biography & Early Wealth Journey

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It all began in January when the Securities and Futures Commission revealed that 90 percent of Kingston's stock was being controlled by a group of just 20 shareholders. The news led to a 17 percent drop in Kingston's value, which was later followed by another plunge after a disappointing profit report for 2018. A small part of her decline in fortunes can probably also be attributed to a drop in gaming revenue in Macau where Chu has an interest in casinos managed by Kingston. The company gets a reported 15 percent of its revenue from the gaming industry there, the generated HK$473.5 million representing a 3.8 percent drop in fiscal 2018 compared to the previous year.

Kingston is Chu's primary financial holding, but her proclivity for small-cap stocks in the Hong Kong market has led to her being referred to as the "Queen of Shell Companies" in Hong Kong. Earlier this year, she closed a $5.2 billion deal to purchase the bulk of a Hong Kong skyscraper, which is reportedly the most expensive real estate transaction of all time.