Kong Stock Exchange and in the London Stock Exchange. Austim sold 55% stake of Motor and General Investment Underwriters Holdings Singapore to Haw Par Brothers International in August 1971. It was announced that the Holdings would purchase a Singapore construction company Scott & English () in September 1971. After the resignation of both Lee Aik Sim (Lee Santipongchai, ), and his wife Aw Cheng Sin (Suri Santipongchai, ), the daughter of late Aw Boon Par as the directors of Haw Par Brothers (Thailand) in January 1972, the subsidiary was sold in the same month to Jack Chia (). Jack Chia and Haw Par Brothers International also formed a joint venture, which the joint venture have the rights to use "Tiger Balm" brand. In March 1972 Haw Par Brothers International acquired fellow pharmaceutical company in Chinese medicines, Hong Kong listed company Kwan Loong & Co., However, Slater Walker turned the Hong Kong company into an investment vehicle in financial market, which was known as Slater Walker Securities (Hong Kong). In April 1972, Haw Par Brothers International made a strategic investment on a property on 302 Orchard Road. In 1973 the company expanded to Japan as well as bought 29% stake of a London-listed company London Tin Corporation. Haw Par Brothers International financed the deal by a proposed recapitalization. The stake was sold in 1976 and the sub-holding company that Haw Par Brothers International established in London, was sold in 1982. Collapse of Slater Walker The parent company Slater Walker was collapsed after the secondary banking crisis of 1973–75; the company was bailed out by the Bank of England. For Haw Par Brothers International itself, financial irregularities were exposed, for which former chairman Tarling was jailed for 6 months in 1979. Since 13 December 1978, the company has been chaired by Singaporean banker, Wee Cho Yaw. As of 30 March 2020, Wee, through his family investment vehicle, owns 36.23% of the company's shares. Subsidiaries, brands and products Kwan Loong () originated from a different listed company of the same name (Kwan Loong & Co., ), which was acquired in March 1972. It produces medicated oil, specifically , literally "oil that expels headaches." Gallery Footnotes References External links 1969 establishments in Singapore Conglomerate companies of Singapore Companies formerly listed on the Hong Kong Stock Exchange Companies listed on the Singapore Exchange Health care companies of Singapore Aw family Family-owned companies of Singapore Singaporean