Wanbang history

At the beginning of the 20th century, Mr Cao's grandfather, Mr Cao Huazhang, successfully started his own transportation business on the Huangpu River in Shanghai. Subsequently, Mr. Cao's father, Mr. Cao Yinyun, developed his career in a large chemical enterprise in Shanghai and later founded a small and medium-sized bank. By the early 1930s, Cao Shi in Pudong was already a wealthy businessman among Pudong people.

With the World War II sweeping through China, civil war and Japanese invasion, China fell into a turbulent social situation. The Cao family decided to move to Hong Kong and everything started again. As the eldest son, Mr. Cao had to shoulder the heavy responsibility of the family.

1949, Mr. Cao started as a small trading company, bought the first ship in his life in 1949, and jointly established Danan Shipping Company. From 65438 to 0966, he founded Wanbang Shipping Company in Hong Kong, and gradually developed into a large shipping enterprise, transporting goods to all corners of the world.

Under the leadership of Mr. Cao, the group walked out of the trough of shipping industry in the early 1980s. While expanding his business, Mr. Cao also actively assisted the Malaysian government in establishing Malaysia's first state-owned shipping company, the first shipyard and the first crew training college. At the same time, Cao Shi also led the investment consortium to invest in the construction of Xinda City.

Early Wanbang Shipping Vessels

Wanbang's first shipping ship, Donna Nancy, was built in 1963.

Modern ocean-going ships in Wanbang

In the mid-1990s, Mr. Cao, the second son of Mr. Cao, inherited his father's career and became the chairman of Wanbang Group. Mr. Cao has also made many contributions to the shipping industry in Thailand. He not only successfully reorganized and privatized the state-owned shipping company, but also successfully listed the company on the Thai Stock Exchange 1994.

As the current chairman, Mr. Cao led the business operation of Wanbang Group towards large-scale modernization. While expanding business and diversifying the company's business, he has also established strategic alliances and mutually beneficial cooperative relations with other enterprises. In 2002, Mr. Cao privatized Wanbang Group and successfully caught the train of China's economic rise, allowing enterprises to share a piece of the unprecedented prosperity of the shipping industry.