Chinachem Group () is a

corporate group A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concep ...

established in

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 Delt ...

Teddy Wang Teddy Wang Teh-huei (; 9 September 1933 – missing since 10 April 1990) was a Chinese people, Chinese businessman and founder of the Chinachem Group who was kidnapped for ransom in 1990, and later declared legally dead. His wife, Nina Wang later ...

's father Wang Din Sin (王廷歆). The early years of the group were dedicated to exploration of and investment in agricultural projects and chemicals. In the 1960s, the Group shifted its focus to the

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. R ...

, and has been one of the largest

property developers 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 . ...

since mid-1970s. After Teddy Wang's kidnapping and disappearance in 1990, his wife Nina Wang took over the company as the "Chairlady" and built it into a major property developer, making her the richest woman in Asia. After the death of Nina Wang, her brother

Kung Yan-sum Dr. Kung Yan-sum, (; born in 1943 in Shanghai), is the younger brother of Nina Wang Kung Yu-sum, the former Asia's richest woman and the late chairman of Chinachem Group, one of the biggest privately held property developer in Hong Kong. He i ...

has been serving as the Acting Chairman of the Group.

Property and hotels

The Chinachem Group has built over 300 tower blocks in

, the most famous of which is

Nina Tower Nina Tower is a twin tower of 80-storey and 42-storey high-rise buildings in Tsuen Wan, New Territories, Hong Kong near Tsuen Wan West station. The tower was designed to be the tallest tower in the world at . However, due to its location ne ...

, in

Tsuen Wan Tsuen Wan (formerly also spelled Tsun Wan) is a town built on a bay in the western New Territories of Hong Kong, opposite of Tsing Yi Island across Rambler Channel. The market town of Tsuen Wan emerged from the surrounding villages and flee ...

, where the head office is. HK Nina Tower 200803

The following are some of Chinachem Group's completed developments: *Residential: Villa Cove, Sol City, Serenity Point, Parc City, Parc Inverness, The Papillons, Serenity Peak, Jade Grove, Eden Gate, The Golden Gate, The Lily, Residence 228, Billionnaire Avant, Billionnaire Royale, South Crest *Shopping Malls: Fanling Town Centre, Hilton Plaza, Ho Shun Fook Shopping Centre *Office: Chinachem Tower, Chinachem Hollywood Tower *Hotel: L'hotel Nina, L'hotel Island South, L'hotel Causeway Bay Harbour View, L'hotel elan, Lodgewood by L'hotel, etc

Listing

The Chinachem Group is privately owned. The Group has been seeking a listing since 1988 but is currently not listed in any stock market

It was also rumoured that Group might inject assets into its listed affiliates like Enm Holdings Limited and Dan Form Holdings Company Limited in recent year

References

External links

Chinachem Group website
Chinachem, Conglomerate companies of Hong Kong Land developers of Hong Kong Conglomerate companies established in 1974 Entertainment companies established in 1974 1974 establishments in Hong Kong {{HK-company-stub