Far East Consortium
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Far East Consortium
Far East Consortium International Limited (FEC) () is a company with its head office in Central, Hong Kong. It was founded in 1950 by Deacon Chiu and listed on the Hong Kong Stock Exchange in 1972. FEC is mainly engaged in property development and investment, hotel development and management, car park operations and facilities management, securities and financial product investment and gaming and related operations and provision of mortgage services. The Group adopts geographical diversification and "Asian wallet" strategy, with business covering Hong Kong, Mainland China, Australia, Malaysia, Singapore, the United Kingdom, New Zealand and other European countries. Senior leadership FEC has been led by Deacon Chiu since the company's founding 1950, until 2011 when Deacon retired and was replaced by his son David Chiu. List of managing directors and chairmen # Deacon Chiu (1950–2011) # David Chiu (2011– ) Property FEC has a residential and mixed-use project por ...
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Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resume ...
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Property Development
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 t ...
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Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and En-suite, en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually Room number, numbered (or named in some smaller hotels and Bed and breakfast, B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part ...
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Car Park
A parking lot (American English) or car park (British English), also known as a car lot, is a cleared area intended for parking vehicles. The term usually refers to an area dedicated only for parking, with a durable or semi-durable surface. In most countries where cars are the dominant mode of transportation, parking lots are a feature of every city and suburban area. Shopping malls, sports stadiums, megachurches and similar venues often have immense parking lots. (See also: multistorey car park) Parking lots tend to be sources of water pollution because of their extensive impervious surfaces, and because most have limited or no facilities to control runoff. Many areas today also require minimum landscaping in parking lots to provide shade and help mitigate the extent to which their paved surfaces contribute to heat islands. Many municipalities require minimum numbers of parking spaces for buildings such as stores (by floor area) and apartment complexes (by number of bed ...
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Central, Hong Kong
Central (also Central District) is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula. The area was the heart of Victoria City, although that name As the central business district of Hong Kong, it is the area where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as is Government Hill, the site of the government headquarters. The area, with its proximity to Victoria Harbour, has served as the centre of trade and financial activities from the earliest days of the British colonial era in 1841, and continues to flourish and serve as the place of administration after the handover to China in 1997. Naming The area of Chung Wan (aka Choong Wan in the past; ), named Central in English, was one of the dis ...
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Deacon Chiu
Deacon Chiu Te-ken, JP (; 1 May 1924 – 17 March 2015) was a Hong Kong entrepreneur. He founded Far East Bank and Far East Consortium and was formerly chairman of Asia Television (ATV). Life Chiu was born in Shanghai in 1924 and moved to Hong Kong in 1949. He made his first investment by opening a cinema in a rural area. In 1959, he collected deposits from farmers and opened a qianzhuang (native bank), Far East Bank. In 1962, he bought the Lai Chi Kok Amusement Park, a major zoo and theme park in the city at the time. He founded and became the chairman of the Far East Consortium in 1972, focusing on property development. The company was listed in 1972 and its sister company, Far East Holdings International which , was listed in 1973. He was also chairman of Far East Hotel and Entertainment, which was listed in 1979. In 1982, he rose to fame when he bought Rediffusion Television and renamed it Asia Television (ATV), which he sold in 1989. While he was chairman, it was rumoured ...
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Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ...
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Dorsett Hospitality International
Dorsett Hospitality International, formerly known as Kosmopolito Hotels International (formerly traded as ), is an international hotel and hospitality organization. Established in 2007, the company is a subsidiary of Far East Consortium International Limited. The company develops, owns and manages hotels across several countries with a specific focus in the Asia Pacific regio Previously listed on the Hong Kong Stock Exchange in October 2010, Dorsett Hospitality International was privatised by its parent company Far East Consortium Limited in 2015. Senior leadership * Chairman: David Chiu Tat-cheong (since January 2007) * President: Winnie Chiu Wing-kwan (since November 2011) Former president's # Bill Mok Kwai-pui (2007–2011) Hotels Hotels can be found throughout Mainland China (Shanghai, Chengdu, Jiujiang and Wuhan), Hong Kong, Malaysia (Kuala Lumpur, Johor Bahru, Labuan and Subang), Singapore, the United Kingdom (London) and Australia (Gold Coast and Melbourne). ...
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Chow Tai Fook
Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the holding companies of the group, namely Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited, etc. being privately owned, the group has been partially listed on the stock market via associate company New World Development (, listed since 1972) and subsidiary Chow Tai Fook Jewellery Group Limited (, listed since 2011). As of 31 December 2018, New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong, which was HK$105.68061 billion. However, the size of the unlisted portion of the Chow Tai Fook business empire is unclear. The ''Financial Times'' quoted one banker of the Cheng Yu-tung family, who said, "You can't look at hengYT wi ...
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Destination Brisbane Consortium
Destination may refer to: Music * Destination (group), a disco studio group from New York * ''Destination'' (Eloy album), 1992 * ''Destination'' (FictionJunction Yuuka album), 2005 * ''Destination'' (Ronan Keating album), 2002 * ''Destination'' (EP), by SS501, 2010 *'' The Destination'', an EP by Vonthongchai Intarawat, 2008 *''Destination'', an album by Akina Nakamori, 2006 *"Destination", a song by The Church from '' Starfish'' Other uses * ''Destination'' (game), a board game * ''Destination'' (magazine), a monthly lifestyle magazine published in Saudi Arabia *Destination Films, a division of Sony Pictures * Tourist destination, a place commercially dedicated to tourism See also *Destiny (other) Destiny is a predetermined course of events or fixed natural order of the universe. Destiny may also refer to: People * Destiny (given name), with a list of people so called * Destiny (streamer) (born 1988), former Twitch streamer and political ...
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Trans World Corporation
Trans World Corporation was the original name of the holding company set up to own Trans World Airlines. History In 1967, when the airline sought to diversify into other areas of business, a key investment was ''Hilton International Hotels'', the non-American interests of the Hilton Hotels chain. (Because of this split, the Hilton International chain had to call its hotels in America ''Vista'', while future overseas locations of the American Hilton chain were called ''Conrad International''. This operation was later sold by Trans World Corporation while under the leadership of Charles C. Tillinghast Jr. the CEO of TWA and the first known to receive a golden parachute employment contract. In 1983, Trans World Corporation, under Chief Executive Officer L. Edwin Smart, spun off Trans World Airlines to Carl C. Icahn, At the time of TWA's spinoff, TWC owned Spartan Food Systems Inc., the Canteen Corporation, Hilton International, and Century 21 Real Estate Corporation. Trans Worl ...
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