Hang Lung Properties

Hang Lung Properties Limited was incorporated in 1949 and was taken over by Hang Lung Group Limited in 1980. It became the property investment arm of Hang Lung Group Limited after the group re-organisation in 1987. The company is led by Ronnie Chan.

In November 2010, the company said it was aiming to raise up to HK$10.1 billion through a share placement to finance expansion on the mainland.[2]

The company's main properties include Standard Chartered Bank Building, Baskerville House, Hang Lung Centre in Causeway Bay, Kornhill Plaza, Grand Centre in Tsim Sha Tsui, as well as One and Two Grand Tower, Hollywood Plaza (Hong Kong), and the Park-In Commercial Centre in Mong Kok.[3]

On 1 January 1991, Ronnie Chan took over as the Group's chairman. He saw the opportunity to invest in Mainland China market due to its economic growth, and thus the company began to venture into the Mainland market under Chan's leadership. Its first step into the Mainland came in 1992 with two landmark properties in Shanghai, Plaza 66 and Grand Gateway 66. Following the success of these projects, the company continued to expand into others parts of the Mainland such as Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming and Wuhan.[4]

The board has eleven members, with five executive directors and six non-executive director to ensure sufficient independency.[5]

• Chairman: Ronnie Chan
• CEO: Weber Wai Pak Lo
• CFO: Hau Cheong Ho
• Executive Director: Adriel Wenbwo Chan

non-executive directors:

• Ronald Joseph Arculli
• Philip Nan Lok Chen
• Dominic Chiu Fai Ho
• Nelson Wai Leung Yuen
• Andrew Ka Ching Chan
• Prof. Hsin Kang Chang
• Anita Yuen Mei Fung