Formerly |
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Type | subsidiary | ||||
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Industry | Real estate development | ||||
Founded | 1923 (as Hongkong Realty and Trust) | ||||
Successor | Wheelock Properties (Hong Kong) Limited | ||||
Headquarters | , Hong Kong | ||||
Area served | Hong Kong | ||||
Key people | Douglas Woo (Managing Director) [1] | ||||
Owner | Wheelock and Co. | ||||
Parent | Wheelock and Co. | ||||
Chinese name | |||||
Traditional Chinese | 會德豐地產有限公司 | ||||
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New Asia Realty and Trust Co.,Ltd. | |||||
Traditional Chinese | 新亞置業信託有限公司 | ||||
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Hongkong Realty and Trust Co.,Ltd. | |||||
Traditional Chinese | 香港置業信託有限公司 | ||||
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Website | www |
Wheelock Properties Limited and Wheelock Properties (Hong Kong) Limited are subsidiaries of Wheelock and Co. Wheelock Properties is a real estate developer and a former listed company in the Hong Kong stock exchange. [2] [3]
This section needs to be updated.(November 2020) |
Wheelock Properties engages in the property development and investment operations in Hong Kong. It participated in a number of private housing estates including Bellagio, [4] Sorrento,[ citation needed ] Parc Oasis (via the subsidiary RDC) [5] and Parc Palais and owns certain investment properties including Fitfort. [6]
Before the privatization of Wheelock Properties,the company owned the 76% shares in Singapore-listed Wheelock Properties (Singapore). [7] : 7 Both companies are privatized.
The predecessor of the business unit,Hongkong Realty and Trust Co.,Ltd.,was incorporated on 17 March 1923. It was renamed to New Asia Realty and Trust Co.,Ltd. in 1995. In the same year 新亞置業信託有限公司 was added as a registered Chinese name.
Hongkong Realty and Trust was a listed company since at least circa 1935. [8] It was reported that circa 1948,Hongkong Realty is majority owned by Marden and Co. already, [9] which the latter is the predecessor of the current Wheelock and Co.. Marden-Wheelock was owned by Marden family until the 1980s.,which it was takeover by Hong Kong ethnic Chinese business magnate Yue-Kong Pao,the maternal grandfather of the current (as of 2020) Wheelock Properties Managing Director,Douglas Woo.
As a listed subsidiary of the conglomerate Wheelock and Co.,New Asia Realty takeover its own listed subsidiary Realty Development Corporation (RDC) in 2002. [10] [11] Both New Asia Realty and RDC also issued class B ordinary share until they were exchanged into class A ordinary shares in 2000. [12]
The listed company was renamed from New Asia to Wheelock Properties Limited (Chinese :會德豐地產有限公司) in 2004. [13]
Wheelock Properties was privatized by its parent company Wheelock and Co. in 2010. [14] [15] At the time of privatization,Wheelock House in Hong Kong and Wheelock Place in Singapore are the main investment properties of the business unit. [7] : 8
After the privatization,the business unit also do business via another legal person Wheelock Properties (Hong Kong) Limited. In 2016,sister company The Wharf (Holdings) bought a large portion of Wheelock House from the parent company Wheelock &Co. as well as from the chairman Peter Woo and his wife. [16] However,soon after the floor area of Wheelock House was injected to another sister company Wharf Real Estate Investment Company.
The parent company of the business unit,Wheelock and Co.,remained as a listed company until 2020. [2]
Cheung Kong (Holdings) Limited,was a multinational conglomerate,based in Hong Kong. It was one of Hong Kong's leading multi-national conglomerates. The company merged with its subsidiary Hutchison Whampoa on 3 June 2015,as part of a major reorganisation,to become part of CK Hutchison Holdings.
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The Cross-Harbour (Holdings) Limited (CHHL),formerly the Cross-Harbour Tunnel Company,is a Hong Kong investment holding company with emphasis on transport infrastructures.
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Sir Yue-Kong Pao CBE JP,was the founder of Hong Kong's Worldwide Shipping Group which in the 20 years from purchasing its first second-hand ship in 1955 became by far the largest shipping company in the world with over 20 million tonnes deadweight (DWT). Anticipating the seriousness of the shipping downturn starting in the late 1970s,he drastically reduced his fleet and was able to pay off associated debt and raise cash to diversify his interests notably through the purchase of a controlling stake in The Hongkong and Kowloon Wharf and Godown Company Limited and later Wheelock Marden giving an exposure to Hong Kong real estate,shipping terminals,retail,ferries and trams. He was noted for his unmatched access to leaders in both the commercial and political arenas and was equally at ease with Western political leaders and the Chinese leadership in the run up to Hong Kong's ceasing to be a British colony in 1997. He was also a generous philanthropist notably in educational projects. He died in 1991 but his corporate legacy continues to be controlled and run by his family.
Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list.
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Orient Overseas (International) Limited (OOIL) is a Hong Kong,China based investment holding company involved in international transportation and logistics,and property investment and property development. It is the parent company of Orient Overseas Container Line (OOCL),one of the world's largest container shipping companies.
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