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Hang Lung Group

#4339

Rank

$1.87B

Marketcap

HK Hong Kong

Country

Hang Lung Group
Leadership team

Mr. Chichung Chan (Exec. Chairman)

Mr. Wai Pak Lo (CEO & Exec. Director)

Mr. Adriel Wenbwo Chan (Exec. Vice Chair of the Board)

Products/ Services
Finance, Real Estate, Real Estate Investment
Number of Employees
1,000 - 20,000
Headquarters
Central, Hong Kong Island, Hong Kong
Established
1960
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
0010.HK
Overview
Location
Summary
Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments. The company also develops various properties, including shopping mall, office premises, residential and industrial premises, and carparking bays. Its investment properties portfolio includes Grand Gateway 66, a commercial, office, and residential complex, as well as Plaza 66, a commercial and office complex in Shanghai; Palace 66 and Forum 66 in Shenyang; Parc 66 in Jinan; Center 66 in Wuxi; Riverside 66 in Tianjin; Olympia 66 in Dalian; Spring City 66 in Kunming; Heartland 66 in Wuhan; and Westlake 66 in Hangzhou. In addition, the company offers car park and property management, financial, project management, dry and laundry cleaning, and property agency services, as well as operates and manages apartment. Hang Lung Group Limited was founded in 1960 and is headquartered in Central, Hong Kong.
History

Hang Lung Group was founded by T.H. Chan on 13 September 1960, and is now one of Hong Kong's biggest real estate developers. For the first 32 years, the Group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the Mass Transit Railway. The Hong Kong market suffered from a temporary collapse during the early 1980s due to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes.In 1988, it gained control of Parry Corporation in Australia. On 1 January 1991, Ronnie Chan took over as the group's chairman. He foresaw the opportunity to invest in the Mainland China market due to its rapid economic growth. Its first step into the Mainland, in Shanghai in 1992, was with two landmark properties, Plaza 66 and Grand Gateway 66. Following the success of its Shanghai projects, the group continued to expand its business to others parts of the mainland such as Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan.

List of chairmen

T.H. Chan ; founder

Thomas Chen Tseng-tao ; brother of T.H. Chan

Ronnie Chan ; son of T.H. Chan

Mission
Hang Lung Group is a responsible corporate citizen and we will be deeply committed to sustainable development, continually striving to exceed stakeholders’ expectations and provide an ethical and rewarding work environment.
Vision
We will be a beloved property developer and investor, trusted by all stakeholders, with an expanding portfolio of best-in-class projects across the region.
Key Team

Mr. Ka Kui Chiu (CFO & Exec. Director)

Mr. Chuk Fai Kwan (Assistant Director - Corp. Communications)

Ms. Yuen Wah Ma (Director ? Gen. Counsel & Company Sec.)

Recognition and Awards
Hang Lung Group has been awared the Caring Company Logo since 2005, the Malaysian Corporate Citizen Award in 2010, the Hong Kong Award for Environmental Excellence in 2012, and numerous other awards in subsequent years.
References

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Hang Lung Group
Leadership team

Mr. Chichung Chan (Exec. Chairman)

Mr. Wai Pak Lo (CEO & Exec. Director)

Mr. Adriel Wenbwo Chan (Exec. Vice Chair of the Board)

Products/ Services
Finance, Real Estate, Real Estate Investment
Number of Employees
1,000 - 20,000
Headquarters
Central, Hong Kong Island, Hong Kong
Established
1960
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
0010.HK