In one of my previous articles, I wrote about the fate of Underwater World Singapore. In response to my article, a reader mentioned about Straco Corp and this prompted me to research on the company.
Listed on SGX mainboard since 2004, Straco Corp was found by local entrepreneur, Wu Hsioh Kwang who is the Vice-President (Singapore Chinese Chamber of Commerce), Vice-Chairman of Tourism & Leisure, Chinese Business Group (Singapore Business Federation) and Vice Chairman of the 4th Standing Committee of Chinese Association of Enterprises with Foreign Investment (China).
Not much else is known about Mr Wu except that he spent 30 years doing tourism-related business in China. In fact, he has two very successful aquariums in China, one is the Shanghai Ocean Aquarium, while the other is Underwater World Xiamen. What prompted Mr Wu to see the potential and subsequently invested in Singapore Flyer is a mystery...
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