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Lai Sun Development Company Limited
Lai Sun Development ("LSD") is a property developer in Hong Kong, public company listed on the Hong Kong Stock Exchange established in 1987 by the textiles magnate Lim Por-yen.Raymond Wang and Teddy NgLai Sun Group founder Lim dies at 93, '' The Standard'', 19 February 2005 His company, Lai Sun Garment, ("LSG") was founded in 1947, is also listed on the Hong Kong Stock Exchange. Lai Sun Garment is the controlling shareholder in LSD. The Company is headed by Peter Lam Kin Ngok, son of the founder, who also runs the Media Asia Entertainment Group. History 1997 financial crisis Lai Sun Development, then already under the management of Peter Lam, paid HK$7 billion for Furama Hotel Enterprises in June 1997.Dennis EngA little less debt for ailing Lai Sun, ''The Standard'', 18 November 2002 Lai Sun acquired a 45.42 per cent stake for $3.13 billion, and made a general offer at $33.50 for each remaining shares at a total cost of $6.893 billion. While the other Furama Group hotels bec ...
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Property Developer In Hong Kong
Since the British colonialisation in 1841 after the First Opium War, Hong Kong has grown from a stony outcrop on the southern coast of China to a territory whose property prices are among the highest in the world. The territory has a land mass of . According to government figures as at 2018, most of the land in Hong Kong is woodland, shrubland and grassland – much of which designated as country parks such as Lion Rock Country Park, Lion Rock, Plover Cove Country Park and Sai Kung East Country Park, and only approximately 25% of the land mass out of the total territory is classed as "built-up". Most of the 7.3 million people in Hong Kong inhabit an area measuring . Excluding rural settlement housing, which represents 7% of the city's total domestic households, the remainder of the population is effectively squeezed into an area of . Property developers play a direct role in housing in Hong Kong, including the hoarding of approximately of agricultural land which could otherwise be us ...
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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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Land Developers Of Hong Kong
Land, also known as dry land, ground, or earth, is the solid terrestrial surface of the planet Earth that is not submerged by the ocean or other bodies of water. It makes up 29% of Earth's surface and includes the continents and various islands. Earth's land surface is almost entirely covered by regolith, a layer of rock, soil, and minerals that forms the outer part of the crust. Land plays important roles in Earth's climate system and is involved in the carbon cycle, nitrogen cycle, and water cycle. One-third of land is covered in trees, 15% is used for crops, and 10% is covered in permanent snow and glaciers. Land terrain varies greatly and consists of mountains, deserts, plains, plateaus, glaciers, and other landforms. In physical geology, the land is divided into two major categories: mountain ranges and relatively flat interiors called cratons. Both are formed over millions of years through plate tectonics. A major part of Earth's water cycle, streams shape the landscap ...
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Companies Listed On The Hong Kong Stock Exchange
This is a list of companies on the Hong Kong Stock Exchange (HKEx), ordered numerically by stock code. The names of the companies appear exactly as they do on the stock exchange listing. This is not an exhaustive list, but reflects the list that appears on HKEx's ''Hyperlink Directory''. An exhaustive but un-linked list appears below the partial list. 0001 - 0099 0100 - 0198 0200 - 0299 0300 - 0395 0402 - 0498 0500 - 0599 0601 - 0699 0700 - 0778 0800 - 0897 0900 - 0999 1001 - 1099 1100 - 1199 1200–1999 2000–2299 2300 - 2398 2600–2799 ETF funds 2866–2899 3000–3999 4000–4999 NASDAQ Shares 6000 - 6200 Hong Kong Depositary Receipts 6800 - 6899 8000 – 8999 9000 – 9999 References {{reflist Stock Exchange 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 ...
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Furama Kempinski Hotel
The Furama Hotel () was a 33-storey hotel in Central, Hong Kong, located at 1 Connaught Road Central. The site is now occupied by the AIA Central office building. History The Furama Hotel was designed by Eric Cumine Associates and built for the Furama group in 1973. It had 33 storeys and a total height of , with a revolving restaurant on the top floor named "La Ronda". Inter-Continental Hotels Ltd. assumed management in 1976, and the hotel was named Hotel Furama Inter-Continental. In 1990 the hotel was acquired by Kempinski and renamed the Hotel Furama Kempinski Hong Kong. Lai Sun Development (LSD) acquired the hotel's parent company, Furama Hotel Enterprises, in June 1997 for HK$7 billion.Dennis EngA little less debt for ailing Lai Sun, ''The Standard'', 18 November 2002 This was done by acquiring a 45.42 per cent stake for $3.13 billion, and a general offer at $33.50 for each remaining shares at a total cost of $6.893 billion.Veronica LukFurama stock skyrocke ...
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AIG Tower
The AIA Central (), formerly called AIG Tower (), in Hong Kong is a 185-metre (607 ft.), 37-storey skyscraper that was completed in 2005 and serves as the headquarters of AIA Group. It is located in Central, not far from the landmark Bank of China Tower. The Furama Kempinski Hotel, famous for its revolving restaurant, formerly stood on the same lot that the former AIG Tower rises from, but in December 2001, the 33-storey hotel was demolished to make way for the AIG Tower. The tower was renamed to AIA Central on 9 July 2009. The building was jointly developed by Lai Sun Development, CapitaLand, and American International Group (AIG). The architectural firm Skidmore, Owings & Merrill designed the building to look like the Chinese junk, a Chinese sailboat design dating from ancient times and still in use today. Leslie E. Robertson Associates are the structural engineers for this project. As well they included a pedestrian bridge linking the tower to the Hong Kong elevate ...
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South China Morning Post
The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong's newspaper of record since British colonial rule. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016. The ''SCMP'' prints paper editions in Hong Kong and operates an online news website. The newspaper's circulation has been relatively stable for years—the average daily circulation stood at 100,000 in 2016. In a 2019 survey by the Chinese University of Hong Kong, the ''SCMP'' was regarded relatively as the most credible paid newspaper in Hong Kong. The ''SCMP'' was owned by Rupert Murdoch's News Corporation from 1986 until it was acquired by Malaysian real estate tycoon Robert Kuok in 1993. On 5 April 2016, Alibaba Group acquired the media properties of the SCMP Group, including the ''SCMP''. In January 2017, former D ...
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China Construction Bank
China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Brisbane, Sydney and Auckland, and a wholly owned subsidiary in London. Its total assets reached CN¥ 8.7 trillion in 2009, and it is considered a systemically important bank by the Financial Stability Board. Its headquarters is in Xicheng District, Beijing. History CCB was founded on 1 October 1954 under the name of People's Construction Bank of China (), and later changed to China Construction Bank on 26 March 1996. In January 2002, CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was ...
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Chan Wing-kee
Chan Wing-kee, (; born January 1947) is a Hong Kong businessman and politician. He is the current member of the standing committee of the Chinese People's Political Consultative Conference (CPPCC). He had also been Hong Kong deputy of the National People's Congress and chairman of the Asia Television Limited. Early life and education Chan was born in Hong Kong in 1947 with his family root in Dongguan, Guangdong. His father, Chan Sui Wai, was a famous draper in Guangdong and Hong Kong and his uncle, Chan Sui Kau, was the founder of Yangtzekiang Garment Ltd. He studied at three primary schools, Shek Kong, Ling Ying and Henrietta. Chan was sent to Thailand when he was in Form Four where he attended an international school. He subsequently studied aboard in the United States and was graduated from the Purdue University in Industrial Engineering in 1970. Business career Chan joined his family's company Yangtzekiang Garment Ltd after his graduation in 1970 as production manager and late ...
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Asia Television
Asia Television Limited (, also known as ATV) is a digital media and broadcasting company in Hong Kong. Established as the first television service in Hong Kong as Rediffusion Television () on 29 May 1957, it shifted to terrestrial television on 30 November 1973, and was renamed Asia Television on 24 September 1982. ATV operated two main over-the-air channels: the Cantonese-language ATV Home and the English-language ATV World. Despite its relatively small market share, ATV received numerous awards for its programmes. One of its successes was the local version of the British game show ''Who Wants to Be a Millionaire?'' in 2001, which allowed ATV to enjoy a short-term upturn in its viewing figures. After 2000, ATV faced a gradual decline in production quality and viewership, as well as financial difficulties—a process hastened under the leadership of Wang Zheng. ATV's credibility was severely damaged in 2011 after its news department had falsely reported that Jiang Zemin ha ...
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American International Group
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-relations/2019/aig-2018-annual-report.pdf page 7 The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is a sponsor of the AIG Women's Open golf tournament. AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list. According to the 2016 Forbes Global 2000 list, AIG ...
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Lim Por-yen
Lim Por-yen (; c. 1914 – 18 February 2005) was a Hong Kong industrialist. He founded the Lai Sun Group, and his family was the biggest shareholder of Asia Television. Biography Lim Por-yen was born in Chaoyang, Guangdong, and moved to Hong Kong with his father in 1931."1914年生於潮陽的林百欣,1931年隨父移居香港,1939年開始在九龍城創業。" In 1945, he started a factory manufacturing garments in Sham Shui Po for export. Lim earned himself the nickname of "African King" in the 1950s when he exported cheap military uniforms to African countries.Dennis EngA little less debt for ailing Lai Sun, '' The Standard'', 18 November 2002 His company, Lai Sun Garment, was founded in 1947, and later listed on the Hong Kong Stock Exchange. He successfully diversified into real estate in 1987 when he set up another vehicle, Lai Sun Development.Raymond Wang and Teddy NgLai Sun Group founder Lim dies, '' The Standard'', 19 February 2005 In the same year, Lai Sun acq ...
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