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IMC founder Frank Tsao dead at 94

With a BA degree in economics from St John’s University, Dr Tsao followed his family's history of entrepreneurial business acumen. In his 70-year career, the shipping veteran had played a pivotal role, not just in shaping the growth of the maritime industry, but in promoting maritime education and research across Asia

His early success in dry bulker business had crowned him as one of the four magnates, or ‘kings’ as the locals put it, in Hong Kong’s modern history of shipping

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