Airport Freight Forwarding Centre
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Airport Freight Forwarding Centre
Airport Freight Forwarding Centre (AFFC) () is the leading warehouse service provider in Hong Kong and the only warehousing and office facility at the Hong Kong International Airport in Chek Lap Kok, New Territories, Hong Kong. AFFC is a wholly owned subsidiary of Sun Hung Kai Properties, one of the largest property developers Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. ... in Hong Kong. It offers tenants more than of storage space and of class A office space. Link Airport Freight Forwarding Centre References {{China logistics Chek Lap Kok Sun Hung Kai Properties Transport companies established in 1998 Logistics companies of China 1998 establishments in Hong Kong ...
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Privately Owned Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (4 ...
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New Territories
The New Territories is one of the three main regions of Hong Kong, alongside Hong Kong Island and the Kowloon Peninsula. It makes up 86.2% of Hong Kong's territory, and contains around half of the population of Hong Kong. Historically, it is the region described in the Convention for the Extension of Hong Kong Territory. According to that treaty, the territories comprise the mainland area north of Boundary Street on the Kowloon Peninsula and south of the Sham Chun River (which is the border between Hong Kong and Mainland China), as well as over 200 outlying islands, including Lantau Island, Lamma Island, Cheung Chau, and Peng Chau in the territory of HK. Later, after New Kowloon was defined from the area between the Boundary Street and the Kowloon Ranges spanned from Lai Chi Kok to Lei Yue Mun, and the extension of the urban areas of Kowloon, New Kowloon was gradually urbanised and absorbed into Kowloon. The New Territories now comprises only the mainland north of th ...
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Chek Lap Kok
Chek Lap Kok is an island in the western waters of Hong Kong's New Territories. Unlike the smaller Lam Chau, it was only partially leveled when it was assimilated via land reclamation into the island for the current Hong Kong International Airport, which opened for commercial aviation in 1998. The airport is popularly referred to as ''Chek Lap Kok Airport'' to distinguish it from the former Hong Kong International Airport, now commonly known as Kai Tak Airport (). Hong Kong SkyCity, a business and entertainment complex, is also located on Chek Lap Kok. It includes AsiaWorld–Expo, a convention and exhibition centre, which opened in 2005. Cathay Pacific City, the head office of Cathay Pacific; HAECO, and formerly Hong Kong Airlines are also located on the airport platform. Name The name of the island may be derived from the bareness of the island ('da chek lak'), that the shape of the island resembles the red tripletail Perch ('chek lap', 赤鱲), or that the fish was onc ...
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Air Transportation
Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' includes fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air craft such as hot air balloons and airships. Aviation began in the 18th century with the development of the hot air balloon, an apparatus capable of atmospheric displacement through buoyancy. Some of the most significant advancements in aviation technology came with the controlled gliding flying of Otto Lilienthal in 1896; then a large step in significance came with the construction of the first powered airplane by the Wright brothers in the early 1900s. Since that time, aviation has been technologically revolutionized by the introduction of the jet which permitted a major form of transport throughout the world. Etymology The word ''aviation'' was coined by the French writer and former naval officer Gabriel La Landelle in 1863. He derived the term from the ...
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Sun Hung Kai Properties
Sun Hung Kai Properties Limited (SHKP; ) is a listed corporation and the largest property developer in Hong Kong as of 2019. The company is controlled by the Kwok family trust, largely the Kwok brothers. The Kwok family trust was set up by Kwok Tak-seng, who co-founded the company. History Early years The group was one of many non-British owned companies that overtook the British trading companies or 'hongs' that dominated the financial order in Hong Kong prior to 1997. The predecessor of the group, Sun Hung Kai Enterprises Co., Ltd. (), was founded in 1963 by Kwok Tak-seng, together with Fung King-hey and Lee Shau Kee. The current legal person of the holding company of the group, Sun Hung Kai Properties Limited, was incorporated on 14 July 1972 and was listed on the Hong Kong stock exchanges on 23 August 1972. In 1973, SHKP acquired Hong Yip Service Company Limited. In 1977, SHKP moved its head office to Connaught Centre, Central (now known as Jardine House). In 1978, SHK ...
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Airport Freight Forwarding Centre
Airport Freight Forwarding Centre (AFFC) () is the leading warehouse service provider in Hong Kong and the only warehousing and office facility at the Hong Kong International Airport in Chek Lap Kok, New Territories, Hong Kong. AFFC is a wholly owned subsidiary of Sun Hung Kai Properties, one of the largest property developers Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. ... in Hong Kong. It offers tenants more than of storage space and of class A office space. Link Airport Freight Forwarding Centre References {{China logistics Chek Lap Kok Sun Hung Kai Properties Transport companies established in 1998 Logistics companies of China 1998 establishments in Hong Kong ...
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Warehouse
A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns, or villages. Warehouses usually have loading docks to load and unload goods from trucks. Sometimes warehouses are designed for the loading and unloading of goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets and then loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing, and production. In India and Hong Kong, a warehouse may be referred to as a "godown". There are also godowns in the Shanghai Bund. History Prehistory and ancient history A warehouse can be defined functionally as a building in whic ...
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Office
An office is a space where an Organization, organization's employees perform Business administration, administrative Work (human activity), work in order to support and realize objects and Goals, plans, action theory, goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it (see officer (other), officer, office-holder (other), office-holder, official); the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the term "office" may refer to business-related tasks. In legal, law, a company or organization has offices in any place where it has an official presence, even if that presence consists of (for example) a storage silo rather than an establishment with desk-and-office chair, chair. An office is also an architectural and design phenomenon: ranging from a small office such as a Bench (furniture), bench in th ...
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Hong Kong International Airport
Hong Kong International Airport is Hong Kong's main airport, built on reclaimed land on the island of Chek Lap Kok, Hong Kong. The airport is also referred to as Chek Lap Kok International Airport or ''Chek Lap Kok Airport'', to distinguish it from its predecessor, the former Kai Tak International Airport. Having been in commercial operation since 1998, Hong Kong International Airport is one of the largest trans-shipment centres, passenger hubs and gateways for destinations in greater China, Asia and the world. The airport is the world's busiest cargo gateway and one of the world's busiest passenger airports. It is also home to one of the world's largest passenger terminal buildings (the largest when opened in 1998). The airport is operated by the Airport Authority 24 hours a day and is the primary hub for Cathay Pacific (the flag carrier of Hong Kong), Greater Bay Airlines, Hong Kong Airlines, HK Express and Air Hong Kong (cargo carrier). The airport is one of the hubs ...
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Wholly Owned Subsidiary
A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability company, limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries ar ...
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Property Developers
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a ...
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Tenants
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property. Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given length of time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and thereafter held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) on a periodic basis such as weekly or monthly. Terminology and types of leasehold vary from country to country. Sometimes, but not always, a residential tenancy under a lease agreement is colloquially known as renting. The l ...
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