Sunwah International, the Asian-based financial services firm which announced this morning plans to buy two funds from beleaguered hedge fund firm RAB Capital, started life as a seafood processing business in Macau, China - the founder of which earned the moniker "The King of Seafood".

In 1957 Choi Kai Yau founded the Sun Wah Group in Hong Kong, as a seafood processor, wholesaler and distributor. Dr. Jonathan Choi Koon-shum, the son of the founder took up the business in 1976, and the group diversified into real estate development in 1977, the financial industry in 1985, infrastructure investments in 1992, technology in 1998 and media services in 2002.