Eu Tong Sen Limited and Hong Kong
By the late 1920s, the most profitable part of the Eu Yan Sang medicine shop business was in remittances and not medicines. Eu moved from Singapore to Hong Kong in 1928. On January 7, 1932, he formed Eu Tong Sen Limited in Singapore but controlled it from Hong Kong where his remittance business was showing the best potential.
Read more about this topic: Eu Tong Sen
Famous quotes containing the word limited:
“Moreover, the universe as a whole is infinite, for whatever is limited has an outermost edge to limit it, and such an edge is defined by something beyond. Since the universe has no edge, it has no limit; and since it lacks a limit, it is infinite and unbounded. Moreover, the universe is infinite both in the number of its atoms and in the extent of its void.”
—Epicurus (c. 341–271 B.C.)