Eu Tong Sen Limited and Hong Kong
By the late 1920s, the most profitable part of the Eu Yan Sang medicine shop business was in remittances and not medicines. Eu moved from Singapore to Hong Kong in 1928. On January 7, 1932, he formed Eu Tong Sen Limited in Singapore but controlled it from Hong Kong where his remittance business was showing the best potential.
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“Misfortunes leave wounds which bleed drop by drop even in sleep; thus little by little they train man by force and dispose him to wisdom in spite of himself. Man must learn to think of himself as a limited and dependent being; and only suffering teaches him this.”
—Simone Weil (1909–1943)