There isn’t much snow in Malaysia, where Francis Yeoh runs a family conglomerate with interests in power, cement and property. So for years, Mr. Yeoh would jet up to Hokkaido, the northernmost island in the Japanese archipelago, and go skiing with his late wife for at least a week. He enjoyed big Japanese crabs and cucumbers cooled in snow. Then his brother, who was in charge of the group’s hotel operations, told him a property at the Niseko ski resort in Hokkaido was for sale. “Buy this because you’ll never go wrong,” Mr....

Source: Wall Street Journal February 05, 2019 11:03 UTC