|Jan 19, 2018|
|Jan 19, 2018|
Currency in HKD
Real Estate Development
|Full time employees:||4,720|
Hang Lung Properties Ltd. is an investment holding company, which engages in property investment for rental income, property development for sales and leasing, car park management, and property management through its subsidiaries. It operates through the Property Leasing and Property Sales segments. The Property Leasing segment includes the investment properties portfolio, consists of retail, office, residential, serviced apartments, and car parks in Hong Kong and Mainland China. The Property Sales segment consists of development and sale of trading properties in Hong Kong. The company was founded on December 19, 1949 and is headquartered in Hong Kong.
Hang Lung Properties is a major Hong Kong real estate developer. It operates a number of upscale shopping malls in mainland China.
After its founding in 1960, the company grew rapidly by building large condominiums along subway lines in Hong Kong. In the Causeway Bay commercial district on Hong Kong Island, the company operates such shopping malls as Fashion Walk and Hang Lung Center, where H&M and other global fashion houses have their flagship stores.
Hang Lung entered mainland China in the early 1990s. In Shanghai's Nanjing Xi Lu shopping district, it opened Plaza 66, a 66-story office building and mall complex that houses the flagship stores of such luxury brands as Louis Vuitton and Chanel. Plaza 66 is said to be one of the most successful commercial complexes in China. Hang Lung has opened similar facilities in the cities of Tianjin, Wuxi and Shenyang.
The company's chairman, Ronnie Chan Chi-chung, is the son of the founder. He earned an MBA at the University of Southern California and has many contacts in the U.S. After becoming chairman in 1991, he began actively investing in the mainland Chinese market.
Chan is known for his straight-talking manner and is often invited to speak at international conferences. He is also known for his philanthropy, making generous donations to Harvard University and other educational institutions through a foundation established by his family.
In the news
January 22, 2018 12:06 pm JST
January 10, 2018 12:11 pm JST
December 28, 2017 12:12 pm JST
Insurers extend losses; casino shares pull back ahead of Macau gaming numbers
November 30, 2017 3:12 pm JST
November 30, 2017 2:22 pm JST
Property developers higher despite rising interest rates
November 29, 2017 8:22 pm JST
November 29, 2017 7:49 pm JST
- Local currency
- US Dollar
|Income before tax||7,979M|
|Dividends per share||0.75|
|Operating cash flow||6,341M|
Currency in HKD
|Income before tax||1,027.89M|
|Dividends per share||0.09|
|Operating cash flow||816.88M|
Currency in USD
- Managing Director & Executive Director: Nan Lok Chen
- Chief Financial Officer & Executive Director: Hau Cheong Ho
- Executive Director: Ka Ngok Chan
- Head-Corporate Audit: Tin-For Tsang
- Director-Central Marketing: Wing Sze Chan
- Hang Lung Group Ltd.(55.6%)
- First Eagle Investment Management LLC(6.0%)
- The Vanguard Group, Inc.(1.3%)
- Aberdeen Asset Managers Ltd.(1.1%)
- Seafarer Capital Partners LLC(0.9%)
- BlackRock Fund Advisors(0.9%)
- APG Asset Management NV(0.6%)
- Walter Scott & Partners Ltd.(0.6%)
- CHAN TAN CHING FEN(0.6%)
- Aberdeen Asset Management (Asia) Ltd.(0.5%)
- Website: http://www.hanglung.com
- Address: 28th Floor, Standard Chartered Bank, 4 Des Voeux Road Central, Hong Kong, Hong Kong
- Phone: +852.2879.0111
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.