After Tingyi Holding, the maker of Master Kong instant noodles, signaled price increases, there also were reports of scrambling for noodles.

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VTech was founded in 1976 by Hong Kong's Allan Wong, an electrical engineer with a master's degree from the University of Wisconsin who had worked as a design engineer for NCR in Hong Kong.

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He also helped launch the school's Global Real Estate Master program, teaming up with schools in Hong Kong, Costa Rica and his native France.

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For example, auction house Sotheby's only began work on its new office space in Hong Kong last year after a feng shui master chose an auspicious date.

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