SEA Holdings/ SEA Group

S E A Holdings Limited

Type	Public Listed Company (Stock Code:0251)
Founded	1956
Founder	Mr. Lu Chu Mang
Key People	Chairman: Mr. Lu Wing Chi, Jesse Chief Executive: Mr. Lambert Lu
Headquarter	Hong Kong
Industry	Property
Website	http://www.seagroup.com.hk/

SEA Holdings Limited (Stock Code:0251^[1]) is listed on the Hong Kong Stock Exchange. The Group's core business is property investment and development,^[2] as well as hotel operation, with diversified business over Hong Kong, United Kingdom, Australia and other countries.^[3]

Background

No. 1 Shouson Hill Road East

SEA Group was founded in Hong Kong in 1956, which went public in 1973. In 1989, S E A Holdings Limited, a company incorporated in Bermuda, became the listed and holding company of the Group (Stock Code: 251), listed on the Hong Kong Stock Exchange. The Group has since become an international property conglomerate with diversified businesses over Hong Kong, United Kingdom, Australia and other countries.

Group members

The Group comprises a publicly-listed company in Hong Kong:

• S E A Holdings Limited (Stock code: 251) listed on the Hong Kong Stock Exchange

Core business

The Group's core business include investment holding, property investment and development, hotel operation as well as asset management.

Corporate milestones

• 2018
  • The Group issues principal amount of USD150,000,000 notes with 5-year maturity. The Notes Issue was well received by the market with enormous demands from investors in Hong Kong, Singapore and Europe.
• 2017
  • SEA Group consortium won tender for West Kowloon Waterfront residential site at record breaking price of HK$17.3 billion
  • The Group acquired Bank of Scotland's Headquarter in London at approximately HK$2.6 billion.^[4]
  • Mr. Lambert Lu was appointed as Chief Executive of the Group.^[5]
  • The Group unlocked value to shareholders through distribution of special cash dividend and restructuring of AGP.
  • The Group acquired Shouson Hill Properties at approximately HK$1.528 billion.^[6]
  • The Group first issues principal amount of USD 200,000,000 notes with 3-year maturity. The Notes issue draws overwhelming market response with nearly 8 times oversubscription (with neally USD 1.6 billion in orders).
• 2016
  • SEA Group celebrated the 60th anniversary of its establishment.
  • The Group acquired the Headquarter of United Kingdom Prudential Regulation Authority at approximately HK$1.5 billion.^[7]
  • The Group disposed of the property development project, Chengdu Nova City, at a consideration of HK$0.89 billion.^[8]
  • The Group disposed of Huangshan Project in Mainland China.
  • The Group disposed of the mixed-used project, Kaifeng Nova City, at a consideration of HK$0.9 billion.^[9]
  • The Group disposed of Dah Sing Financial Center to China Everbright Group (a Fortune Global 500 company) and China Everbright Limited (stock code: 165) for a consideration of HK$10.125 billion.^[10]
• 2015
  • The Group acquired the John Sinclair House in Edinburgh, Scotland, United Kingdom.
  • The Group disposed of the land at Fo Tan at a consideration of HK$1.4 billion.^[11]
• 2013
  • Kaifeng Nova City's pre-sale program was launched.^[12]
  • The Group acquired the remaining interest of Lizard Island Resort Hotel, Australia held by the other shareholder.
  • The Group disposed:
    • the 50%-owned Leiyang project in Mainland China and the Christchurch project in New Zealand
    • the commercial podium, all public car parking spaces and all the remaining residential units of The Forest Hills in Hong Kong
• 2012
  • The Group disposed the remaining block of Kaikainui Block in New Zealand.
• 2011
  • The Group disposed part of Kaikainui Block, Favona Land and whole of Man Street Carpark in New Zealand.
  • The Group bought an additional piece of land in Longquanyi District, Chengdu, Sichuan Province, China. Together with the two land lots purchased last year, the total site area increases to 506,000 square metres. They will be developed into a large-scale residential and commercial project.
• 2010
  • The Group's large-scale residential and retail development project at Fo Tan, Hong Kong was approved by the Appeal Committee of Town Planning Board.
  • Two pieces of land with a total site area of about 288,000 square metres were acquired in Longquanyi District, Chengdu, Sichuan Province, China and will be developed into a large-scale residential and commercial project.
  • The Group acquired certain pieces of land in Kaifeng, Henan Province, China with a total site area of 735,000 square metres and it is proposed to be developed into a comprehensive project with large-scale residential and commercial buildings and hotels.
  • The first batch of units for Phase 1 of The Redbud City, located in Leiyang City, Hunan Province, China was completed and delivered.
• 2009
  • The grand opening of the Group's 5-star hotel Crowne Plaza Hong Kong Causeway Bay.
  • The Group disposed of many investment properties (including 28 floor, No.9 Queen's Road, Central and G/F-2/F and signage space of the Morrison and the shop of Excelsior Plaza) and changed its investment proportion and focused on property development in Mainland China.
  • The Group completed the land acquisition in famous scenic district in Huangshan City, Anhui Province for development project with leisure and tourist facilities.
  • Pre-sale of Phase 1 of The Redbud City, located in Leiyang City, Hunan Province was launched.
• 2008
  • The Group sold part of its shares in two Indonesian subsidiaries with assets consisting mainly of interests in various pieces of land situated in Indonesia.
  • The Group's Wan Chai residential project, The Morrison and the Diamond Hill residential project, The Forest Hills were ready for move-in.^[13][14]
• 2007
  • The sales of The Morrison in Wan Chai and The Forest Hills in Diamond Hill were launched with very encouraging results.
  • Westmin Plaza (Phase 2), in Guangzhou, Guangdong Province, which includes residential units, office units and shopping mall, was completed.
  • The Group privatised Trans Tasman Properties Limited by acquiring all remaining shares not owned by SEA Group.
  • SEA Group disposed of its shares in UniMilo Knitwear Company Limited and concentrated on property business.
• 2006
  • SEA Group celebrated the 50th anniversary of its establishment.
  • SEA Group's subsidiary Asian Growth Properties Limited (AGP) was listed on Alternative Investment Market (AIM) of London Stock Exchange. It acquired properties of HK$6.5 billion in Hong Kong and Mainland China from the Group through issuing of new shares.
  • Asian Growth Properties Limited (AGP) acquired certain properties from the Group and was re-admitted to Alternative Investment Market (AIM) with a market capitalization of £323.5M (~HK$5.5B), ranked No. 19 of all AIM companies and No. 1 of AIM property companies focusing on China.
  • Pre-sale of Westmin Plaza (Phase 2), in Guangzhou, Guangdong Province, was well-received again with all units sold within 2 weeks.
• 2005
  • Royal Green, a residential project developed jointly with Henderson Land Development Company Limited launched sale with very enthusiastic response.
  • Plaza Central, an office & commercial property located in Chengdu, Sichuan Province was completed, and became a landmark in the city.
  • Trans Tasman Properties Limited moved its head office to Singapore while remaining listed on the New Zealand Stock Exchange.
  • The Group developed the new head office of Air New Zealand in Auckland.
• 2003
  • Mr. Jesse Lu became the Chairman of the Group.^[15]
  • New Century Plaza, located in Chengdu, Sichuan Province, was completed.
  • Trans Tasman Properties Limited privatized its listed Australian property subsidiary Australian Growth Properties Limited, and strategically restructured its investment portfolio in Australia and New Zealand and increased its investment in property market in Asia Pacific, including the sale of these properties when counter-cyclical property investment and development opportunities came and the purchase of a few development sites in Hong Kong.
  • 363 George Street in Sydney, Australia, was sold for AUD$397 million.
• 2002
  • The residential units of Westmin Plaza (Phase 1), in Guangzhou, Guangdong Province, was completed and ready for move-in.
• 2001
  • Pre-sale of Westmin Plaza (Phase 1), in Guangzhou, Guangdong Province, which was highly successful.
• 2000
  • 363 George Street, the Group's flagship property in Sydney, Australia, was completed.
• 1999
  • The present Chief Executive Mr. Lambert Lu joined the Group.^[5]
• 1998
  • The Group acquired 46.3% stake in the Global Property Fund, and later took over the management of the Fund.
• 1997
  • Trans Tasman Properties Limited spun off its Australian property arm, Australian Growth Properties Limited (AGPL) for a separate listing on the Australian Stock Exchange.
• 1995
  • SEABIL New Zealand Limited was merged with Tasman Properties Limited (formerly called Robt. Jones Investments Limited) to form Trans Tasman Properties Limited. TTPL continued to be listed on the New Zealand stock exchange, and became the flagship property investment arm of the Group in Australia and New Zealand.
• 1994
  • Listing of SEABIL New Zealand Limited (SEABIL) on the New Zealand Stock Exchange on 30 June.
• 1991
  • The Group acquired a controlling equity stake in Unison Knitting Factory Limited (HKSE code 272) and expanded into garment manufacturing and trading.
  • The office building at 108 Gloucester Road, Wanchai, Hong Kong, now known as Everbright Centre, was completed. It housed the headquarters of the SEA Group.
  • Construction of the joint development property Gardenview Heights at 19 Tai Hang Drive, Hong Kong was completed in 1991 and the residential units were quickly sold out.
  • The Group entered into property development projects and cement production business in Mainland China.
  • The Group formed joint venture with Brierley Investment Limited to form SEABIL Pacific Limited, a property investment company in New Zealand.
  • A joint venture was set up for property development in Jakarta, Indonesia.
• 1989
  • Relocated domicile to Bermuda with the incorporation of SEA Holdings Limited.
• 1988
  • Expanded into the international market and invested in Discovery, a property project in Vancouver, Canada.
• 1983
  • The Company acquired a number of prime land lots in Hong Kong and undertook a hotel development project.
• 1981
  • The Group completed the development of an up-market 33-storey residential building, Amber Garden on Kennedy Road, Wanchai, Hong Kong.
• 1974
  • The Company acquired a substantial equity stake of over 30% in the listed Safety Godown Company, Limited (stock code: 237) in 1974 for investment.
• 1973
  • The Company was listed on both the Far East and Kam Ngan Stock Exchanges in Hong Kong in October 1973.
• 1969
  • Mr. Jesse Lu, the present Chairman, joined the Company.
• 1960
  • The Company expanded into property developments which included commercial, industrial and residential. It also invested in warehousing and textile industries, specifically spinning and weaving.
• 1956
  • The Company was established in Hong Kong on 6 December 1956 with an initial capital of HK$1 million by Hong Kong entrepreneur Mr. Lu Chu Mang, his brothers and fellow Indonesian Chinese friends in Hong Kong. With its major business in property development, SEA was one of the pioneers in the development of the new industrial districts of Kwun Tong and San Po Kong.

Existing & Past Development

The Group has invested and developed over 200 residential, commercial and industrial projects in China, Hong Kong, United Kingdom, Canada, Australia, New Zealand, Japan, Indonesia and other countries. The main projects are shown as below:

^Existing Development

References

External links

• Official website