The story
Hui Lau Shan was founded by Hui Chi-Yuk in the 1960s. The chain's first shop opened in Yuen Long, New Territories, and started as an herbal outlet selling turtle jelly (龜苓膏) and herbal teas (涼茶). In the 1980s, Hui Lau Shan diversified its business and began to sell desserts and snacks like turnip cake and coconut milk. The practice of using of fresh fruits in desserts emerge in the 1990s, when third generation of Hui Lau Shan created the "Mango Sago". Every year, Hui Lau Shan used up to a thousand tonnes of carabao mangoes in their dessert making process. Since the 1990s, the chain has expanded, with over 260 outlets in China, Malaysia, the United States and South Korea.
In July 2007, the third-generation owner of Hui Lau Shan sold the Hong Kong franchise to the Malaysian firm Navis Capital Partners. Owing to disputes by the new Malaysian shareholder over an existing franchising agreement signed between Hui Lau Shan Hong Kong and Hui Lau Shan Guangzhou, the latter was forced to change its brand name to "Tang Lau Shan" (Chinese: 鄧留山). The franchise was subsequently acquired by Royal Dynasty International Holding Company for 524 million RMB in 2015.
From Wikipedia’s article on Hui Lau Shan, shared under CC BY-SA 4.0.3