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Wheelock Properties Limited
Wheelock Properties Limited and Wheelock Properties (Hong Kong) Limited are subsidiaries of Wheelock and Co. Wheelock Properties is a real estate developer and a former listed company in the Hong Kong stock exchange. Business overview Wheelock Properties engages in the property development and investment operations in Hong Kong. It participated in a number of private housing estates including Bellagio, Sorrento, Parc Oasis (via the subsidiary RDC) and Parc Palais and owns certain investment properties including Fitfort. Before the privatization of Wheelock Properties, the company owned the 76% shares in Singapore-listed Wheelock Properties (Singapore). Both companies are privatized. History The predecessor of the business unit, Hongkong Realty and Trust Co., Ltd., was incorporated on 17 March 1923. It was renamed to New Asia Realty and Trust Co., Ltd. in 1995. In the same year was added as a registered Chinese name. Hongkong Realty and Trust was a listed company since at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a 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) 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 are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Public Libraries
The Hong Kong Public Libraries (HKPL; ) is a system of 70 static and 12 mobile public libraries in Hong Kong. Offering a total collection of 14.35 million items, the system is managed by the Leisure and Cultural Services Department. The network of libraries are interconnected by a computerised library management system, one of the largest bilingual systems in the world, offering both Chinese and English capabilities. The library head office is located on the eleventh floor of the Hong Kong Central Library in Causeway Bay. History The first public library of Hong Kong, the City Hall Library, was established in 1869 in the former Hong Kong City Hall. The library ceased to operate after the demolition of the old city hall in 1933. The first modern library opened in 1962 at the new City Hall, which was also the central library for many years before the opening of the Central Library. Over ten thousand library cards were issued in the first month of service, and borrowers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wheelock And Company
} Wheelock and Company Limited is a Hong Kong-based financial real estate company. It was listed as #1249 on the Forbes 2000 list. The group's principal activities are property investment, property development, property management and agency, and investment holding. The group is also involved in distribution and retail businesses including Lane Crawford, Joyce and City'super. Operations are carried out in Hong Kong, the British Virgin Islands, mainland China and Singapore. History Wheelock and Company was created from the purchase of Wheelock and Marden Company Limited, a British Hong founded as Shanghai Tug and Lighter Limited in 1857 in Shanghai by Captain Thomas Reed Wheelock (born St. Stephen, New Brunswick 1843 – died 1920, Shanghai, China). G.E. Marden founded Marden and Company in 1925 and merged with Thomas Wheelock's tug company to form Wheelock and Marden Company Limited in 1932. The new company operated other ships and later moved their operations to Hong Kong follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wharf Real Estate Investment Company
Wharf Real Estate Investment Company Limited (Wharf REIC) is a listed real estate portfolio company. It is a subsidiary of private company Wheelock & Co. (formerly listed), as well as a sister company of fellow listed company The Wharf (Holdings). Wharf REIC owned a few shopping centres and commercial buildings in Hong Kong (via Wharf Estates Limited and other subsidiaries such as listed company Harbour Centre Development) and in Singapore (via Wharf Estates Singapore and subsidiaries), namely: Harbour City complex, Times Square, Wheelock House, Crawford House, The Murray, Plaza Hollywood, Wheelock Place, Scotts Square etc. History Wharf Real Estate Investment Company Limited (Wharf REIC) was formed as a spin-off of The Wharf (Holdings) in 2017. Before the spin off, in 2016, The Wharf also acquired Wheelock House from the parent company Wheelock & Co. and from the chairman Peter Woo, which the assets were later injected to the REIC. In February 2018, Wharf REIC replac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Woo
Peter Woo Kwong-ching, GBM, GBS, JP (; born September 5, 1946) is a Hong Kong billionaire businessman. He was the chairman of Wheelock and Company Limited ()and The Wharf Holdings Limited () until 19 May 2015. As of April 2021, his net worth is estimated to be $14 billion. Education Woo was born in Shanghai in 1946 with ancestral roots in Ningbo, Zhejiang, and moved to Hong Kong in 1949. He was educated at St Stephen's College, a Direct Subsidy Scheme privately owned but government-funded boarding school (which is also Hong Kong's largest secondary school), in the town of Stanley, and went on to attain his bachelor's degree from the University of Cincinnati, US, majoring in physics. While a student, Woo was senior class president, and became a member of Delta Tau Delta fraternity, an endeavor he is still involved in today. He later obtained an MBA from Columbia Business School in New York, US. Life and career After graduating, Woo worked at Chase Manhattan Bank in New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wharf (Holdings)
The Wharf (Holdings) Limited (), or Wharf (九倉) in short, is a company founded in 1886 in Hong Kong. As its name suggests, the company's original business was in running wharfage and dockside warehousing, and it was originally known as The Hong Kong and Kowloon Wharf and Godown Company, Limited and founded by Sir Paul Chater. The company adopted its current name in 1986. The current major holder of the company is Wheelock & Co. History Even today, the company is still the owner of the Star Ferry, although this icon of Hong Kong now forms a relatively small part of the company's portfolio. The Five Flag Poles, a set of flag poles flying flags of the company, are a short walk from the Star Ferry's Tsim Sha Tsui pier and form a local landmark and meeting point. In a more modern vein, the company owns two major flagship properties in the Harbour City and Times Square shopping centres in Hong Kong. Both owe their origins to the company's transportation heritage, as they a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Person
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "''legal'' person" is that some legal persons are not people: companies and corporations are "persons" legally speaking (they can legally do most of the things an ordinary person can do), but they are not people in a literal sense. There are therefore two kinds of legal entities: human and non-human. In law, a human person is called a ''natural person'' (sometimes also a ''physical person''), and a non-human person is called a ''juridical person'' (sometimes also a ''juridic'', ''juristic'', ''artificial'', ''legal'', or ''fictitious person'', la, persona ficta). Juridical persons are entities such as corporations, firms (in some jurisdictions), and many government agencies. They are treated in law as if they were persons. Whil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wheelock Place
Wheelock Place (), (Tamil ) is a 21-floor office tower and shopping mall on Singapore's Orchard Road. Background The building was designed by Kisho Kurokawa and completed in 1994 as Lane Crawford Place (). It is now owned by Wharf Estates Singapore, formerly "Wheelock Properties (Singapore)", a division of Hong Kong's Wheelock and Co. The mall has an underpass to Shaw House and ION Orchard. It was the site of Borders' flagship Singapore store until its closure in 2011. Following which, Marks & Spencer became Wheelock Place's main tenant. A new book shop, Zall Bookstore, opened in 2021. The mall houses multiple homegrown retail, food, and lifestyle brands. Among these are Browhaus, Cedele, and Privè. See also * List of shopping malls in Singapore This is a list of shopping malls in Singapore, sorted along their districts. As of August 2020, there are 171 malls on this list. Some listed shopping malls here are also inclusive as a mixed-use development and or part of an n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wheelock House
Wheelock House () is a commercial office building located on Pedder Street in Central, Hong Kong. Wheelock House is a Class A office space completed in 1984 and has 24 storeys. One of its architects was Wong & Ouyang (HK) Ltd while the real estate developer was Cheung Kong Holdings. History Wheelock House was built on the site where once stood three previous generations of Jardine House, the headquarters of Jardine, Matheson & Co. The first Jardine House was probably built around 1841 after Jardine's successful bid for its lots on The Praya Central. In 1908, the second Jardine House was built. It was rebuilt in around 1956, and redeveloped in the early 1970s as Wheelock House. Nearby * World-Wide House * The Landmark * Island line (MTR), Central station (MTR) * Queen's Road Central * Lan Kwai Fong Lan Kwai Fong (often abbreviated as LKF) is a small square of streets in Central, Hong Kong. The area was dedicated to hawkers before the Second World War, but underwent a rena ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatized
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, Water privatization, water supply, and penology, prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ordinary Share
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors. The owners of common stock do not own any particular assets of the company, which belong to all the shareholders in common. A corporation may issue both ordinary and preference shares, in which case the preference shareholders have priority to receive dividends. In the event of liquidation, ordinary shareholders receive any remaining funds after bondholders, creditors (including employees), and preference shareholders are paid. When the liquidation happens through bankruptcy, the ordinary shareholders typically receive nothing. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Class B Share
In finance, a Class B share or Class C share is a designation for a share class of a common or preferred stock that typically has strengthened voting rights or other benefits compared to a Class A share that may have been created. The equity structure, or how many types of shares are offered, is determined by the corporate charter. B share can also refer to various terms relating to stock classes: * B share (mainland China), a class of stock on the Shanghai and Shenzhen stock exchanges * B share (NYSE), a class of stock on the New York Stock Exchange Most of the time, Class B shares may have lower repayment priorities in the event a company declares bankruptcy. Each company’s classes of stock differs and more information is often included in the company’s prospectus. If held long term, Class B shares may also be converted to Class A shares. There are also different reasons for creating Class B shares within a company—there are, however, similar arrangements which compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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