Hang Lung Properties

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Hang Lung Properties
恒隆地產
Public
Traded asSEHK101
IndustryReal estate, Car park
Founded1960
HeadquartersHong Kong
Area served
Hong Kong
China
Key people
Ronnie Chan (Chairman)
ParentHang Lung Group
Websitewww.hanglung.com
Hang Lung Properties
Traditional Chinese恒隆地產

Hang Lung Properties, formerly Amoy Properties and currently parented by Hang Lung Group, is a Hong Kong real estate company. It is a member of Hang Seng Index Constituent Stocks (blue chip) and is headquartered in the Standard Chartered Bank Building in Central, Hong Kong.[1]

History[edit]

Hang Lung Properties Limited was incorporated in 1949 and was taken over by Hang Lung Group Limited in 1980. It became the property investment arm of Hang Lung Group Limited after the group re-organisation in 1987. The company is led by Ronnie Chan.

In November 2010, the company said it was aiming to raise up to HK$10.1 billion through a share placement to finance expansion on the mainland.[2]

Properties[edit]

The company’s main properties include Standard Chartered Bank Building, Baskerville House, Hang Lung Centre in Causeway Bay, Kornhill Plaza, Grand Centre in Tsim Sha Tsui, as well as One and Two Grand Tower, Hollywood Plaza, and the Park-In Commercial Centre in Mong Kok.[3]

On 1 January 1991, Ronnie Chan took over as the Group's chairman. He saw the opportunity to invest in Mainland China market due to its economic growth, and thus the company began to venture into the Mainland market under Chan's leadership. Its first step into the Mainland came in 1992 with two landmark properties in Shanghai, Plaza 66 and Grand Gateway 66. Following the success of these projects, the company continued to expand into others parts of the Mainland such as Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming and Wuhan.[4]

Management Board[edit]

The board has eleven members, with five executive directors and six non-executive director to ensure sufficient independency.[5]

  • Chairman: Ronnie Chan
  • CEO: Weber Wai Pak Lo
  • CFO: Hau Cheong Ho
  • Executive Director: Adriel Wenbwo Chan

Non-Executive Directors:

  • Ronald Joseph Arculli
  • Philip Nan Lok Chen
  • Dominic Chiu Fai Ho
  • Nelson Wai Leung Yuen
  • Andrew Ka Ching Chan
  • Prof. Hsin Kang Chang
  • Anita Yuen Mei Fung

References[edit]

  1. ^ "Hang Lung Properties Ltd (0101.HK)". Reuters. Retrieved 25 March 2013.
  2. ^ "Hang Lung set to seek $10.12b". The Standard. Archived from the original on 11 November 2010. Retrieved 16 November 2010.
  3. ^ "hang lung properties ltd (101:Hong Kong)". Businessweek. Retrieved 4 April 2013.
  4. ^ "Corporate Profile". Hang Lung Group Limited. Archived from the original on 2015-03-10. Retrieved 2018-07-17.
  5. ^ "Board of Directors". Hang Lung Properties Limited. Retrieved 2018-07-17.