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During my trip to Hong Kong a few months ago, I had the privilege of meeting “CK Lau”, the Chairman and founder of Lion Rock Group (1127 HK － US$146 million).
Lion Rock Group is one of the largest book printers in the world. CK Lau built up the business from scratch by setting up printing operations in China back in 2005. Since then, he’s made a series of acquisitions, all at mid-single-digit P/E multiples or lower.
CK Lau is a brilliant individual. At his previous company, Cinderella Media, he generated annual returns for shareholders of 23% per year over 13 years.
