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Henderson Land Development
Henderson Land Development Co. Ltd. () is a listed property developer in Hong Kong and a constituent of the Hang Seng Index. The company's principal activities are property development and investment, project management, construction, hotel operation, department store operation, finance, investment holding and infrastructure. It is the third largest Hong Kong real estate developer by market capitalisation. The company is controlled by Lee Shau Kee, who owns approximately 70.17% of the share capital as of June 2015. History Founded by Li Shau-kee, the company was taken public in 1981 by Sun Hung Kai Securities. The shares were introduced at HK$4 by a novel, geared, method – there was to be an initial downpayment of HK$1 per share upon subscribing to the offer, with cash calls of another HK$1 six months later. The final HK$2 instalment would be due at the year end. In 2006, the State Administration of Foreign Exchange (SAFE) found that Henderson had breached the foreign-excha ...
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International Finance Centre (Hong Kong)
The International Finance Centre, abbreviated as ifc) is a skyscraper and an integrated commercial development on the Victoria Harbour, waterfront of Hong Kong's Central and Western District, Central District. A prominent landmark on Hong Kong Island, IFC consists of two skyscrapers, the ifc mall, and the 55-storey Four Seasons Hotel Hong Kong. Twe 02 is the second tallest building in Hong Kong at a height of 415 m, behind the International Commerce Centre in West Kowloon, and the List of tallest buildings, 31st-tallest building in the world. It is the fourth-tallest building in the Greater China, Greater China region and the eighth-tallest office building in the world, based on structural heights; It is of similar height to the former World Trade Center (1973–2001), World Trade Center. The Airport Express (MTR), Airport Express Hong Kong station is directly beneath it, with subway lines to Hong Kong International Airport. ifc was constructed and is owned by IFC Developmen ...
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Lo Tak-shing
Lo may refer to any of the following: Arts and entertainment * '' Lo!'', the third published nonfiction work of the author Charles Fort * L.O., a fictional character in the Playhouse Disney show Happy Monster Band * ''Lo'' (film), a 2009 independent film * Lo Recordings, a London-based record company established in 1995 * ''Law & Order'' (franchise), several related American television series created by Dick Wolf * ''Lost Odyssey'', a 2007 role-playing video game * ''Lore Olympus'', a 2018 webcomic ** ''Lore Olympus'' (TV series), an in-development adaptation by The Jim Henson Company Businesses and organizations * Legal observer, a third-party organization that monitors protests or war zones in the interest of protecting human and civil rights * Lo Recordings, a London-based record company established in 1995 * "National confederation of trade unions" in several Scandinavian countries: ** ''Landsorganisationen i Danmark'' (Danish Confederation of Trade Unions) ** ''Landsorga ...
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Happy Valley, Hong Kong
Happy Valley () is an upper-income residential area in Hong Kong, located on Hong Kong Island. The area is bordered by Caroline Hill to the east, Jardine's Lookout to the south, Morrison Hill to the west, and Causeway Bay to the north. Administratively, it is part of Wan Chai District. Happy Valley is considered as an area surrounded by Caroline Hill Road to the east, Tai Hang Road and Stubbs Road to the south, Canal Road Flyover and westbound section of Wong Nai Chung Road to the west, and Leighton Road to the north. The area is home to the Happy Valley Racecourse, Hong Kong Racing Museum, Hong Kong Jockey Club Happy Valley Clubhouse, Hong Kong Sanatorium & Hospital, Hong Kong Adventist Hospital – Stubbs Road, home to a number of sports clubs including Valley RFC rugby club, Craigengower Cricket Club, Hong Kong FC football club, and a number of cemeteries including the Hong Kong Cemetery. History The area now known as Happy Valley was formerly known as Wong Nai Chung ...
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Private Housing Estate
A housing estate (or sometimes housing complex or housing development) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country. Popular throughout the United States and the United Kingdom, they are often areas of high-density, low-impact residences of single-family detached homes and often allow for separate ownership of each housing unit, for example through subdivision. In major Asian cities, such as Hong Kong, Kuala Lumpur, Shanghai, Shenzhen, Singapore, Seoul, Taipei, and Tokyo, an estate may range from detached houses to high-density tower blocks with or without commercial facilities; in Europe and America, these may take the form of town housing, high-rise housing projects, or the older-style rows of terraced houses associated with the Industrial Revolution, detached or semi-detached houses with small plots of land around them forming gardens, and are frequently without commercial facilities and ...
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HK Happy Valley Link Rd Beverly Hill F
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 resumed after the ...
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Regal Hotels International
Regal Hotels International (RHI) is one of the largest hotel groups in Hong Kong. Regal Hotels International Holdings Limited is a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange. Ownership The company is controlled by its chairman and managing director, Mr Lo Yuk Sui, who speaks for 52.84% of the issued share capital as at 31 December 2005. Lo is the second son of Great Eagle matriarch Lo To Lee-kwan (born 1918). REIT In October 2006, the company announced plans to sell and separately list its hotel properties in a Real Estate Investment Trust. However, as the Sunlight REIT spun off by Henderson Land Development fell by 6.5% on its market debut on 21 December, Regal chose to delay its offer. On 13 March 2007, Regal announced its public offer for sale of up to 50 percent in Regal Hotels Real Estate Investment Trust, to be co-sponsored by Deutsche Bank, Goldman Sachs and Merrill Lynch, and raised HK$2.3 billion. Hotels Hong Kong *Regal Airpor ...
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Yahoo!
Yahoo! (, styled yahoo''!'' in its logo) is an American web services provider. It is headquartered in Sunnyvale, California and operated by the namesake company Yahoo Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications. It provides a web portal, search engine Yahoo Search, and related services, including My Yahoo!, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports and its advertising platform, Yahoo! Native. Yahoo was established by Jerry Yang and David Filo in January 1994 and was one of the pioneers of the early Internet era in the 1990s. However, usage declined in the late 2000s as some services discontinued and it lost market share to Facebook and Google. History Founding In January 1994, Yang and Filo were electrical engineering graduate students at Stanford University, when they created a website named "Jerry and David's guide to the World Wide Web". The site was a human-edited web directory, or ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include n ...
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Shell Company
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer). The company may serve as a vehicle for business transactions without itself having any significant assets or operations. Shell companies are used regularly for tax evasion, tax avoidance, money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, or from government authorities. Shell companies can have legitimate business purposes. They may, for example, act as trustee for a trust, and ...
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Control Premium
A control premium is an amount that a buyer is sometimes willing to pay over the current market price of a publicly traded company in order to acquire a controlling share in that company. If the market perceives that a public company's profit and cash flow is not being maximized, capital structure is not optimal, or other factors that can be changed are impacting the company's share price, an acquirer may be willing to offer a premium over the price currently established by other market participants. A discount for lack of control, sometimes referred to as a minority discount, reflects the reduction in value from a firm's perceived optimal or intrinsic value when cash flow or other factors prevent optimal value from being reached. Overview of concept Transactions involving small blocks of shares in public companies occur regularly and serve to establish the market price per share of company stock. Acquiring a controlling number of shares sometimes requires offering a premium over t ...
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David Michael Webb
David Michael Webb (born 29 August 1965) is an activist investor, share market analyst and retired investment banker based in Hong Kong. Early life Webb graduated in Mathematics from Exeter College, Oxford in 1986. From 1981 to 1986 he was also an author of books and games for early home computers, particularly the Sinclair ZX Spectrum. He authored the Pac Man type game Spookyman and went on to create the acclaimed 3D Vector graphics game Starion on the Spectrum. After graduation he became an investment banker in London. He moved to Hong Kong in 1991. He retired from investment banking in 1998, and now lobbies extensively for increased transparency and public accountability of directors of public companies as well as for the Government of Hong Kong. Webb was appointed a Deputy Chairman of the Hong Kong Securities and Futures Commission's Takeover and Mergers Panel on 1 April 2013, having commenced serving as member on 1 April 2001. Activism Webb has been referred to as ...
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