Hongkong Chinese Limited is a Bermuda-incorporated Hong Kong listed company. It was the holding company of

Hongkong Chinese Bank The Hongkong Chinese Bank Limited (HKCB) (Traditional Chinese: 香港華人銀行有限公司) was a bank in Hong Kong. It was owned by HKCB Bank Holding Company Limited (), which in turn was majority owned by a joint venture company owned by ...

, which was sold in 2002. The listed company now engaged in real estate development in China and had properties in Singapore. Hongkong Chinese Limited is an indirect subsidiary of Lippo Capital, which was owned by Indonesian entrepreneur

Mochtar Riady Mochtar Riady, (; born 12 May 1929) also known as Lie Mon Tie, is an Indonesian financial magnate and the founder and chairman emeritus of Lippo Group. He was born in Malang to a Chinese Indonesian family. At five months old, his parents took ...

and his family members. The chairman of Hongkong Chinese Limited,

Stephen Riady Stephen or Steven is a common English first name. It is particularly significant to Christians, as it belonged to Saint Stephen ( grc-gre, Στέφανος ), an early disciple and deacon who, according to the Book of Acts, was stoned to death; ...

, is the son of Mochtar.

History

The HKCB Bank Holding Company Limited was incorporated in 1992 (and registered as a foreign company in Hong Kong on 20 October 1992). In 2001, the subsidiary

was sold to

CITIC Ka Wah Bank China CITIC Bank International Limited (Chinese: 中信銀行(國際), CNCBI in short) is a full-service commercial bank in Hong Kong. China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings ...

for HK$4.2

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

. The holding company itself was renamed to Hongkong Chinese Limited on 8 February 2002. In the same year 85% shares of

Macau Chinese Bank The Macau Chinese Bank Limited (; Portuguese: Banco Chinês de Macau, S.A.) is a bank in Macau, China. The bank was formerly known as Finibanco (Macau) (). It was acquired by Winwise Holdings Limited, the subsidiary of Hongkong Chinese Limited, in ...

and 85% stake of ImPac Asset Management were acquired, for MOP$190 million (from and Alvaro Pinho da Costa Leite) and US$2.125 million (from ImPac Partners) respectively. An additional 15% shares of the bank were acquired from Wong Kon Kei in September 2007, for MOP$47.2 million. In the same year Hongkong Chinese Limited proposed to sell 60% shares of the intermediate holding company of the bank, Winwise Holdings Limited. However, the deal collapsed. In 2006 Hongkong Chinese Limited, partnering Argyle Street Management, acquired Kim Seng Plaza, Singapore. In June 2015, 49% shares of

was sold to Chinese state-owned

Nam Yue Group Nam, Nam, or The Nam are shortened terms for: * Vietnam, which is also spelled ''Viet Nam'' * The Vietnam War Nam, The Nam or NAM may also refer to: Arts and media * Nam, a fictional character in anime series ''Dragon Ball'' * ''NAM'' (video ...

(40%) and Yang Jun (9%) respectively for MOP$441 million. Hongkong Chinese Limited remained as the major shareholder for 51% shares. In October 2015, an additional 31% shares were sold to Nam Yue Group (16%) and Wong Kar Ho (15%) for MOP$279 million, subject to the approval of the

Monetary Authority of Macau The Monetary Authority of Macao (; pt, Autoridade Monetária de Macau, AMCM) is the currency board and the de facto central bank of Macau. The regulatory institution was established on December 20, 1999, upon the transfer of sovereignty over ...

Ownership

In 1998,

China Resources Enterprise China Resources Enterprise is the subsidiary and the listed company of China Resources Holdings. It is a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Ma ...

acquired 50% shares of HKCB Bank Holding's parent company: Lippo CRE (Financial Services) Limited, which owned 58.78% shares of HKCB Bank Holding in 2001, the rest of the shares of Lippo CRE (Financial Services) were retained by

Lippo China Resources Lippo Limited () is a Hong Kong incorporated listed company. It is the parent company of Hongkong Chinese Limited (), () and Auric Pacific Group (), all listed companies. Founded by Indonesian Chinese Mochtar Riady, Lippo Limited was majority own ...

, a listed company but also a subsidiary of

Lippo Limited Lippo Limited () is a Hong Kong incorporated listed company. It is the parent company of Hongkong Chinese Limited (), () and Auric Pacific Group (), all listed companies. Founded by Indonesian Chinese Mochtar Riady, Lippo Limited was majority ow ...

. In 2001, 50% shares of Lippo CRE (Financial Services) Limited and 5.84% shares of HKCB Bank Holding that were held by China Resources Enterprise directly, were sold to Lippo China Resources, for about HK$1.8 billion. In 2007, to simplify group structure, the shares of Hongkong Chinese Limited were acquired by Lippo Limited from subsidiary Lippo China Resources.

References

External links

* {{Real estate companies of China Companies listed on the Hong Kong Stock Exchange Land developers of Hong Kong Offshore companies of Bermuda Holding companies established in 1992 1992 establishments in Hong Kong 1992 establishments in Bermuda Chinese companies established in 1992