Hang Lung Group Ltd.

Hang Lung Group Ltd.

Hang Lung Group Ltd.

Date Founded



28th Floor,Standard Chartered Bank Building,4 Des Voeux Road Central,Hong Kong

Type of Company


Employees (Worldwide)



Real Estate

Company Description

Hang Lung Group Limited (stock code: 10) is one of the most well-established listed companies in Hong Kong with more than 50 years of experience in the property development market. Through its subsidiary, Hang Lung Properties Limited (stock code: 101), the Group has built a high reputation as a top tier property developer in Hong Kong and for building, owning and managing world-class commercial complexes in key cities on the Mainland. The Group was founded on September 13, 1960, by Mr. Chan Tseng-Hsi and soon progressed to become one of the largest real estate developers in Hong Kong. Since its founding, the Group has strictly adhered to the highest levels of corporate governance and is justly regarded as one of the best run companies in Hong Kong. In a study conducted in November 2009 by the Hong Kong Institute of Directors together with a local university on the governance of 146 publicly listed companies, the Group was the only real estate firm among the 10 best. For its first 32 years, the Group operated almost exclusively in Hong Kong. It gained prominence by developing some of the biggest residential complexes along the Mass Transit Railway. In the early 1980s, the Hong Kong market temporarily collapsed over uncertainty surrounding the territory’s sovereignty. However thanks to prudent and sound management, Hang Lung weathered the storm, although, as the current Chairman would later point out, the Group had "gone to sleep" during this period. At present, the Group’s businesses in Hong Kong include property development for sale and lease, with a diversified portfolio of investment properties ranging from retail, office, residential and serviced apartment developments to industrial/office complexes, all in prominent locations. On January 1, 1991, Mr. Ronnie C. Chan took over as Chairman of the Group and foresaw the golden opportunities presented by the Mainland’s dynamic economic growth. It was under his visionary leadership that the Group embarked upon its new direction by venturing into the Mainland market. With a judicious focus on commercial real estates and targeting "the best locations in major populated centers", the Group took its first steps into the Mainland in Shanghai in 1992 with two landmark properties, Plaza 66 and Grand Gateway 66. Riding on the success of the Shanghai projects, the Group embarked on its unique strategy of building and managing world-class commercial complexes by acquiring large sites in heavily populated urban areas, cooperating only with top architectural firms, incorporating the latest sustainable features and providing superb management. The Group’s footprint has expanded to Shenyang, Jinan, Wuxi, Tianjin, Dalian and Kunming, with Palace 66 in Shenyang, its first world-class investment property completed outside Shanghai, opened on June 26, 2010. Parc 66 in Jinan also opened its doors in August 2011. Following the success of Plaza 66, all its projects carry the "66" brand, which has become a household name across the nation, standing for an unparalleled array of international retail brands and an unmatched reputation as the shopping destination of choice for high-end consumers. With its successful presence on the Mainland and upholding an appropriate corporate culture first established by its founder, allied with good corporate governance under an excellent leadership of Board of Directors and a superb and dedicated management team, the Group is well-positioned to enter what Chairman Ronnie C. Chan describes as its "Golden Era." It will continue to expand its presence with the goal of becoming the most admired mega national enterprise in the market

Contact Data
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Executives & Employees

Chief Executive Officer & Executive Director

Chief Financial Officer, Executive Director

Director-General Counsel & Company Secretary

Board of Directors

Co-Founder at Morningside Group Ltd.

Director-Economic Research Center at Hong Kong Institute of Asia-Pacific Studies

Chief Executive Officer & Executive Director at Hang Lung Properties Ltd.

Chief Financial Officer, Executive Director at Hang Lung Properties Ltd.

President at Hong Kong Equestrian Federation

Vice Chairman at Hong Kong Council for Accreditation of Academic & Vocational

President at Academy of Sciences of Hong Kong

Associate Member at Hong Kong Institute of Certified Public Accountants

Chairman & Chief Executive Officer at Grace Financial Ltd.

Executive Director at Hang Lung Group Ltd.

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FTI utilizes various investment strategies including Global Growth Equity, US Fixed Income, Global Real Estate Securities, Global Private Real Estate and Global Listed Infrastructure. For Global Growth Equity, they employ bottom-up investment process which seeks a concentrated, best ideas portfolio of high quality sustainable growth companies. Their rigorous research process looks across all industries and countries for companies with sustainable business models that meet growth, quality, and valuation criteria. The investment teams seek specific attributes that they believe will translate into viable long-term growth, including attractive free cash flow characteristics, solid ROE, proven management focused on the creation of shareholder value, and an industry or competitive environment that will enable superior growth. For US Fixed Income, FTI's investment process begins with frequent meetings where senior fixed income and equity professionals from across the organization gather to discuss macroeconomic conditions, market events and relative value across sectors, markets and currencies. Sector teams representing the major fixed income markets provide bottom-up views on events and valuations within each sector. Utilizing this information, the policy committee formulates a general framework to guide fixed income portfolio positioning. For Global Private Real Estate, the investment team utilizes an investment process that combines stringent bottom-up due diligence and selection of underlying real estate investments, with a broad top-down macro overlay, focused on structural and cyclical changes in the global real estate markets.

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Aberdeen Australia is an active, growth-oriented bottom-up manager investing in global debt and equity. The firm utilizes a disciplined investment process, with a strong emphasis on in-house, proprietary research, with a GARP style of investment.They seek to construct high quality portfolios and focus on absolute returns, rather than on benchmarks. Therefore, stock weightings may not be linked to the index. Their aim is to out-perform consistently, both against peer groups and benchmarks, over the mid- to long- term.The firm filters the top 200 stocks, initially by factors relating to quality, such as core franchise, earnings growth, management and balance sheet, and then they take into account price considerations, including valuation, industry comparisons and modeling. All inputs are internally generated.Aberdeen Australia's funds are invested in Asian (ex. Japan) equity, Australian and international fixed-income, Australian-listed equities, firms investing in, trading with or domiciled in China, emerging market equity, Australian cash and credit derivatives.

Recent Transactions
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Guangzhou MyTopHome Co. Ltd. /Management purchases Guangzhou MyTopHome Co Ltd from Hang Lung Group Ltd.

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Allright Parking Corp. /Private Group purchases Allright Parking Corp. from Hang Lung Group Ltd.

Transaction Advisors

Advised onGuangzhou MyTopHome Co. Ltd. /Management purchases Guangzhou MyTopHome Co Ltd from Hang Lung Group Ltd.


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