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Chinachem

Not to be confused with ChemChina or Sinochem.
Chinachem Group
Native name
華懋集團
Company typePrivate
IndustryConglomerate
FoundedBefore 1960s
Headquarters35-38/F, Nina Tower 2, No.8 Yeung Uk Road, Tsuen Wan, Hong Kong
Key people
Wang Din Sin (王廷歆), Teddy Wang, Nina Wang, Kung Yan-sum
ProductsReal estate, Entertainment, Hotel and Investment
HKD 250 million (2011) [1]
Websitewww.chinachemgroup.com
Chinachem
Traditional Chinese華懋集團
Simplified Chinese华懋集团
Transcriptions
Standard Mandarin
Hanyu PinyinHuàmào Jítuán
Yue: Cantonese
Jyutpingwaa4 mau6 zaap6 tyun4

Chinachem Group (Chinese: 華懋集團) is a corporate group established in Hong Kong by Teddy Wang's father Wang Din Sin (王廷歆).[1]

The early years of the group were dedicated to exploration of and investment in agricultural projects and chemicals. In the 1960s, the Group shifted its focus to the property development, and has been one of the largest property developers in Hong Kong since mid-1970s.[2][non-primary source needed]

After Teddy Wang's kidnapping and disappearance in 1990, his wife Nina Wang took over the company as the "Chairlady" and built it into a major property developer, making her the richest woman in Asia.[3]

After the death of Nina Wang, her brother Kung Yan-sum once served as the Acting Chairman of the Group.

Now, the Group is overseen by the Board of Directors of Chinachem Group Holdings Limited, which comprises the following: Chairman & Independent Non-Executive Director: Peter Brien; Executive Directors: Andy Cheung, Wong Hung Han, and Ricky Tsang; Non-Executive Directors: Alvin Wong, Victor Jong and Ted Osborn. The Board committees include Audit and Risk Committee, Strategic Investment Committee and Remuneration Committee. [4] [5] [6]

Property and hotels

The Chinachem Group has built over 300 tower blocks in Hong Kong, the most famous of which is Nina Tower,[citation needed] in Tsuen Wan, where the head office is.[7]

The following are some of Chinachem Group's completed developments:

  • Residential: Villa Cove, Sol City, Serenity Point, Parc City, Parc Inverness, The Papillons, Serenity Peak, Jade Grove, Eden Gate, The Golden Gate, The Lily, Residence 228, Billionnaire Avant, Billionnaire Royale, South Crest, University Heights, Victoria Coast, ECHO HOUSE, etc
  • Shopping Malls: NINA MALL, D•PARK, Lucky Plaza, Papillons Square, Fanling Town Centre, Hilton Plaza, Ho Shun Fook Shopping Centre, etc
  • Office: Nina Tower, Chinachem Tower, Chinachem Hollywood Tower, etc
  • Hotel: Nina Hotel Tsuen Wan West, Nina Hotel Island South, Nina Hotel Causeway Bay, Nina Hotel Kowloon East, Lodgewood by Nina Hospitality, etc

Listing

The Chinachem Group is privately owned. The Group has been seeking a listing since 1988 but is currently not listed in any stock markets.專欄作家 | 每日新聞 | 頭條日報 It was also rumoured that Group might inject assets into its listed affiliates like Enm Holdings Limited and Dan Form Holdings Company Limited in recent years.Chinachem expected to inject capital on DAN FORM HOLD (00271), ENM HOLDINGS (00128) - AASTOCKS.com - News

References

  1. ^ "王廷歆結束傳奇一生 - 東方日報".
  2. ^ http://www.chinachemgroup.hk/en/groupprofile/action.do?method=detail&mappingName=GroupProfile
  3. ^ "Archived copy". www1.appledaily.atnext.com. Archived from the original on 9 May 2007. Retrieved 17 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  4. ^ "Chinachem Group - Corporate governance". www.chinachemgroup.com. Retrieved 2024-09-02.
  5. ^ "Hong Kong developer Chinachem names new CEO as Donald Choi sets retirement". South China Morning Post. 2024-05-31. Retrieved 2024-09-02.
  6. ^ Standard, The. "Chinachem's CEO calls it a day". The Standard. Retrieved 2024-09-02.
  7. ^ "Contact Us". Chinachem. Retrieved 2020-12-29. Head Office 35-38/F, Nina Tower, 8 Yeung Uk Road, Tsuen Wan, New Territories


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