A millionaire Chinese businessman has bulldozed the wooden huts and muddy roads where he grew up – and built luxury homes for the people who lived there.
Xiong Shuihua was born in Xiongkeng village in the city of Xinyu, southern China and said that his family had always been well looked after and supported by residents, in his childhood.
Xiong Shuihua returned to his roots and changed his neighnourhood.
So when the 54-year-old ended up making millions in the steel industry he decided to repay the favour – for free.
The 54-year-old even promised three meals a day to the older residents and people on a low income to make sure they could get by
But the area has been transformed in recent years and now 72 families are enjoying life in luxury new flats.
Meanwhile, 18 families, who were particularly kind to the businessman, were given villas of their own, in a project costing close to £4million.
After moving in, he even promised three meals a day to the older residents and people on a low income to make sure they could get by.
Xiong Shuihua said he could afford the development as he had “earned more money than I knew what to do with.”
The multimillionaire made his money first of all in the construction industry and later by getting involved in the steel trade.
He said, “I earned more money than I knew what to do with, and I didn’t want to forget my roots.
“I always pay my debts, and wanted to make sure the people who helped me when I was younger and my family were paid back.”
Elderly local Qiong Chu, 75, said, “I remember his parents. They were kind-hearted people who cared very much for others, and it’s great that their son has inherited that kindness.”
BREAKING NEWS: BoG takes over Unibank
The Bank of Ghana has announced it has taken over the management of private bank, Unibank.
The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.
Ernest Addison said the bank, adjudged the 6thbest performing company in Ghana at the Ghana Club 100 awards in 2017, provided inaccurate data during the central bank’s effort to resolve the problems last year.
He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”
The take-over comes weeks after Unibank announced it was taking over adb.
The top management of Unibank are Dr. Kwabena Duffuor II who is Chief Executive Officer, Ekow Nyarko Dadzie-Dennis Chief Operating Officer, Executive Director Owusu-Ansah Awere, Executive Clifford Duke Mettle, Director of Risk Management Kwesi Nkrumah Pimpah.
Photo: CEO Kwabena Duffour II was awarded the most enterprising young executive award in 2017.
The bank’s company secretary is Sylvia Assimeng-Archer, Executive Head of Treasury and Global Trade John Collins Arthur, Executive Head of Corporate Banking Elsie Dansoa Kyereh and Executive Head of Innovations and Business Execution Florence Ohene.
This executive management are expected to give way to new control, KPMG appointed by the central bank.
The bank was founded in 1997 by Kwabena Duffour who later became Finance minister under the Mills administration.
But after 20 years of private management, Kwabena Duffour who is a former Governor of the Bank of Ghana loses control of unibank to his former employers.
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