Hang Lung Group

Hang Lung Properties, formerly Amoy Properties and part of the Hang Lung Group, is a headquartered in Hong Kong and a constituent stock in the blue chip Hang Seng Index. Hang Lung Properties Ltd was incorporated in 1949 and was taken over by Hang Lung Group in 1980. It became the property investment arm of Hang Lung Group Ltd after the group re-organisation in 1987. The company is led by Ronnie Chan.

Hang Lung Group shows faith in property with buy-backs

Ronnie Chan

Hang Lung Group, chaired by Ronnie Chan Chichung, yesterday announced it acquired 100.98 million shares in its subsidiary Hang Lung Properties for HK$2.55 billion.

Friday, 7 February, 2014, 5:54am 1 comment

Hang Lung denies in talks to buy Israel’s Clal Insurance stake

"The market rumours are groundless," Hang Lung said in a statement. Photo: Jonathan Wong

Chinese investment firm Hang Lung Group denied it was in talks to buy a stake in Israeli insurance company Clal Insurance from holding company IDB Development, saying it was not interested in buying businesses outside Hong Kong and mainland China.

29 Aug 2013 - 4:13am

Hang Lung to shed more HK assets in profit drive

Developer Hang Lung Properties said it would continue to sell its non-core properties in Hong Kong, with the mainland offering better returns and lower risks than the local market.

15 Aug 2012 - 10:47pm

Hang Lung head urges care in plan on flat sales

The suggestion by chief executive hopeful Leung Chun-ying to sell new flats only to Hong Kong residents has raised a few eyebrows - including those of one supporter, Hang Lung Properties chairman Ronnie Chan Chichung.

7 Jan 2012 - 12:00am

Hang Lung pays HK$4b for land in Kunming

Hang Lung Properties has acquired two pieces of land in Kunming for commercial development at a cost of about 3.5 billion yuan (HK$4.26 billion).

The two sites, covering a total area of about 56,042 square metres, were acquired by Hang Lung (Kunming), a wholly owned subsidiary of Hang Lung Properties.

30 Sep 2011 - 12:00am

Lai See

Why Ronnie Chan isn't worried about succession

27 Jan 2011 - 12:00am

Hang Lung told to pay Sino Land HK$178m

Hang Lung Group has been ordered to pay about HK$178 million to Sino Land in interest on a deposit for a hotel its subsidiary, Atlas, failed to complete satisfactorily a decade ago.

Atlas was ordered by the Court of Final Appeal in February last year to return a deposit of HK$321 million to Sino Land subsidiary Mariner International Hotels.

16 Jan 2008 - 12:00am

Hang Lung profit rises 26pc on strong growth in rents

Firm sees HK$2.05b full-year earnings, but misses forecast

Hang Lung Properties said underlying full-year profit jumped 26 per cent, fuelled by strong rental growth in Hong Kong and Shanghai.

16 Aug 2007 - 12:00am

Hang Lung shrugs off ruling

But Ronnie Chan warns court verdict on contract dispute in favour of Sino Land will provoke an industry rethink

Hang Lung Group chairman Ronnie Chan Chichung said the company was unaffected by its recent defeat in a legal dispute over a hotel development as it had made a 'profit' from holding a HK$321 million deposit from Sino Land for the past nine years.

9 Feb 2007 - 12:00am

Sino Land wins HK$321m refund

Sino Land subsidiary Mariner International Hotels will be refunded its HK$321 million deposit on a disputed hotel development after the Court of Final Appeal yesterday overturned two lower court judgments against the firm.

6 Feb 2007 - 12:00am

Results diary

Today Interim: New Chinese Medicine Holdings

February 5 3rd Quarter: ITE (Holdings)

February 6 3rd Quarter: Sincere Watch (Hong Kong)

February 7 Interim: Esprit Holdings, Pine Technology Holdings

February 8 Interim: DIGITALHONGKONG.COM, ePRO, Golding Soft, Hang Lung Group, Hang Lung Properties

Quarter: Timeless Software

2 Feb 2007 - 12:00am

Revaluation lifts Hang Lung profit

Half-year earnings plummet 84pc before one-off gain as turnover halves on flagging sales of residential units

Hang Lung Properties posted a 0.76 per cent rise in interim profit yesterday, with rental growth and a revaluation of investment properties offsetting a fall in residential sales.

22 Feb 2006 - 12:00am

Property player supports city's cultural advancement

THE INAUGURAL CONCERT of HKPO artistic director and chief conductor Edo de Waart was sponsored by Hang Lung Properties. The concert - featuring Mahler's Symphony No 1 (Titan), John Adams' Short Ride in a Fast Machine and the world premier of Guo Wenjing's Journeys - was a prelude to the conductor's debut performance in Shanghai, also backed by the Hang Lung Group.

8 Jul 2005 - 12:00am

HANG LUNG'S HOTEL ACQUISITION ON TRACK

Hang Lung Properties said Grand Hotel Holdings would become its wholly owned subsidiary once the transfer of the hotel's outstanding shares was completed tomorrow. Hang Lung was entitled to acquire all outstanding shares as no application had been received from shareholders to object against the company exercising compulsory acquisition rights, the developer said.

24 Feb 2003 - 12:00am

Auctions to begin from April after seven-month suspension

Expectations that Government land sales would resume helped pushed Hong Kong shares up 3.04 per cent yesterday, but only scarcely improved volumes.

Led by banks and developers, the Hang Seng Index advanced 278.62 points to 9,425.42. Turnover stayed weak at $3.11 billion.

13 Feb 1999 - 12:00am

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