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Midland Holdings Limited () is one of the largest
real estate brokerage companies in
Hong Kong. It provides
residential
A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas.
Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residen ...
, industrial and
commercial property brokerage services in Hong Kong,
Macau and the
People's Republic of China.
The company was established in 1973 by Mr. Freddie Wong Kin Yip and started as a small real estate agency in
Mei Foo Sun Chuen,
Kowloon
Kowloon () is an urban area in Hong Kong comprising the Kowloon Peninsula and New Kowloon. With a population of 2,019,533 and a population density of in 2006, it is the most populous area in Hong Kong, compared with Hong Kong Island and t ...
. It was listed on
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
in 1995.
Its main
competitor in Hong Kong and Macau is
Centaline Holdings.
Corporate Development
In December 2018, it was reported that Freddie Wong had offered to buy 57.44 million shares of Midland Holdings from qualified shareholders at a market premium of 28% over recent closing price, making the effective offer price at HKD 2.00 per share. This could increase his and his connected parties' shareholding of the company from 27% to 35%.
Disputes
In the 2014 June annual general meeting of the company, the management team was questioned by the company's second largest shareholder, Apex Benchmark on over payment of remuneration to directors of the company. Apex Benchmark held 10.54% of company shares while Freddie Wong and family held 27.89%. Thereafter, Midland Holdings had requested law enforcement agency to investigate into Apex Benchmark about its bad mouthing the company.
In August 2014, the deputy chairman of Midland Holdings, Angela Wong had said that the company would sue its shareholder Apex Benchmark for damaging the company's reputation.
References
External links
{{commons category, Midland Holdings
Midland Holdings LimitedMidland Realty
Companies listed on the Hong Kong Stock Exchange
Real estate companies established in 1973
Property agencies of Hong Kong
1973 establishments in Hong Kong