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Thursday, Jun 30, 2022

Chairman of Alco Holdings fell to his death

The chairman of listed company Alco Holdings, Wilison Leung Wai-sing, died after falling from an industrial building in Quarry Bay on Tuesday morning.
The 61-year-old was found dead on a platform of the Zung Fu Industrial Building in Quarry Bay at 8.52 am on Tuesday.

Alco is a manufacturer of electronics products. Founded in 1968, it opened a factory at Zung Fu Industrial Building in the 1970s.

It was understood that Leung suffered from depression due to business issues. He sent a text message to his family members on Tuesday morning, telling them to take care of each other.

He said in the message that he was on the rooftop of the building. Soon after the police received a report from a resident nearby that someone had fallen from height.

Trading of the company's shares was suspended at noon.

The company confirmed Leung's death as it conveyed its condolences to his family and friends.

“Mr. Leung devoted his time and effort to the development of the Company. His leadership has made an invaluable contribution to the success of the company and his passing away is a loss to the group,” it stated.

The board appointed Chung Hau-yeung as acting CEO of the company, with effect from Tuesday. A new chairman and CEO will be appointed by the board and further announcement will be made as soon as possible.

If you are having suicidal thoughts, or you know someone who is, help is available. Dial 2896 0000 for The Samaritans or 2382 0000 for Suicide Prevention Services.
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