Great Eagle Holdings
Great Eagle Holdings is a property company listed and based in Hong Kong. Its operations span property investment and hotels, and it operates in Hong Kong, North America, Europe and the Asia Pacific. As of 2012, its hotel portfolio comprised 13 properties with more than 6,000 rooms, including 10 hotels branded under the Langham name in Hong Kong, Shanghai, London, Boston, Los Angeles, Melbourne and Auckland, Eaton Hotels in Hong Kong and Shanghai; and the Delta Chelsea Hotel in Toronto.
A record low winning bid for a residential site in Tai Po surprised the market yesterday as it became evident the government is open to settle for cheaper land prices as it seeks to increase housing supply.Thursday, 29 May, 2014, 3:43am 1 comment
Langham Hospitality Investments, which operates three luxury hotels in Kowloon, started trading in a gloomy market weighed down by another heavy sell-off in Japan. The Nikkei 225 Index dropped 5.2 per cent as a strengthening yen triggered heavy profit-taking. The Hang Seng Index fell 0.31 per cent.31 May 2013 - 4:41am
No SFC licence for former Merrill staffer6 Feb 2013 - 5:48am
Great Eagle Holdings is to spin off its hotel properties in Hong Kong to try to cash in on an influx of mainland travellers that drove the city's tourist arrivals to a record of more than 46 million last year.25 Jan 2013 - 4:56am
Great Eagle Holdings, a key hotel operator and landlord in Hong Kong, said underlying profit jumped 36.4 per cent last year thanks to higher rental income amid the city's economic boom.3 Apr 2008 - 12:00am
Shares of Great Eagle Holdings soared 12.19 per cent yesterday as investors speculated the company would hand out generous dividends after the proposed sale of the office tower and retail arcade of its Mong Kok property for HK$12.5 billion.
The stock gained HK$2.95 or 12.19 per cent to end at HK$27.15, beating the 0.53 per cent gain in the Hang Seng Index.16 Feb 2008 - 12:00am
Great Eagle Holdings, a hotel and investment property firm controlled by the Lo family, said its first-half net earnings rose sixfold, thanks to the first contribution from Champion Real Estate Investment Trust and lower financing costs.
Net profit for the six months to June totalled HK$613.81 million, compared with HK$101.6 million a year earlier.19 Sep 2007 - 12:00am
Great Eagle Holdings said profit plunged 95.96 per cent last year profit mainly on a decline in gains from revaluation of investment properties and a fall in rental income after the sale of Citibank Plaza.
Net profit dived to HK$405.51 million or 68 HK cents per share from HK$10.03 billion or HK$16.93 per share in 2005.12 Apr 2007 - 12:00am
Great Eagle Holdings, a Hong Kong-listed landlord, said the spin-off of Champion Real Estate Investment Trust will help it slash as much as 55 per cent its debt, enabling expansion in hotels and other investment properties.6 Jun 2006 - 12:00am
An asset reshuffle by Great Eagle Holdings to prepare for the float of its real estate investment trust has boosted the value of overall property sales 91.3 per cent last month from March, according to agents.4 May 2006 - 12:00am
Great Eagle Holdings aims to raise as much as $7.1 billion with the Champion Reit, its single-building real estate investment trust spin-off that begins its roadshow today.
According to a term sheet sent to investors, Champion Reit, which comprises only the Citibank Plaza in Central, will sell 1.23 billion units at $5 to $5.75 each, giving a yield of 4.84 to 5.57 per cent.3 May 2006 - 12:00am
Move comes after Prosperity shares slip below offer price and Great Eagle unveils spin-off ambitions
Cheung Kong (Holdings) yesterday announced plans to inject more assets into its real estate investment trust as the shares of Prosperity Reit dropped below its initial public offering price.26 Apr 2006 - 12:00am
Champion Real Estate Investment Trust, the prime office property spin-off from Great Eagle Holdings, aims to attract investors with an above-average yield of between 4.8 per cent and 5.5 per cent as it hopes to raise as much as US$900 million in next month's float.25 Apr 2006 - 12:00am
Core earnings disappoint as interest costs erode strong rents
Great Eagle Holdings is banking on a proposed asset spin-off to slash its hefty debts and fuel earnings, after last year's robust rental growth was largely overshadowed by a sharp rise in interest expenses.21 Apr 2006 - 12:00am
Great Eagle Holdings has moved a step closer to launching its Citibank Plaza real estate investment trust after the stock exchange's listing committee approved the spin-off plan yesterday.7 Apr 2006 - 12:00am