Mercer County, New Jersey

Three-decade wait finally pays off for Hopewell

News that Hopewell has won approval for a controversial project in Wan Chai after reaching a land exchange deal with the government powered a more than 9 per cent surge in its shares yesterday.

Thursday, 28 June, 2012, 12:00am

Mega Tower clears another hurdle

Hopewell Holdings cleared the last departmental hurdle to developing its Hopewell Centre II in Wan Chai after the Transport Department approved the project's traffic impact assessment last week.

14 Jan 2009 - 12:00am

Hopewell trims floors but raises the bar

Compared with the original Mega Tower name, Hopewell Centre II sounds undeniably less sensational and grandiose - however befitting it may be, following the developer's decision to scale back the proposed 93- storey skyscraper to just 55 floors.

24 Nov 2008 - 12:00am

Green belt proposed for Mega Tower

Environmentalists target Wan Chai site

A green group has proposed turning almost half the site for Hopewell Holdings' planned Mega Tower into a green belt in an effort to slash the size of the Wan Chai hotel development.

27 Sep 2008 - 12:00am

Council opposes Mega Tower roadworks

Wan Chai District Council has urged the government to reassess the affect on traffic of Hopewell Holdings' controversial planned Mega Tower.

21 May 2008 - 12:00am

S&P upgrades Hopewell

Standard & Poor's has affirmed its BB-minus corporate credit rating on Hopewell Holdings and has revised its outlook to stable from negative.

21 Jun 2002 - 12:00am

Forecasters challenged to eat their words

As the debate rages on about the call by Tang Kwong-yiu, the Government's chief economist, for widespread pay cuts, we have found a great way of reimbursing our top economic brains: Pay for performance.

Some have suggested they should be paid according to salary levels in the market.

But there's a problem here.

20 Nov 1998 - 12:00am

Hopewell eyes $4.8b charge in Jakarta project

Hopewell Holdings is considering taking another big set of provisions - possibly as high as $4.8 billion - after calling a halt to work on its Tanjung Jati B power plant project in Indonesia.

Last October Hopewell announced it was setting aside $5 billion to cover the potential loss of investments in its failed Bangkok road-and-rail project.

16 Sep 1998 - 12:00am

Hopewell loses bid for Bangkok road and rail project arbitration

The Thai Government has told Hopewell Holdings it is not prepared to go to arbitration over its decision to scrap the US$4 billion Bangkok road and rail project and has given the company a March 12 deadline to vacate the project.

2 Mar 1998 - 12:00am

Hopewell waits for Bangkok response

Hopewell Holdings says it has still not had official word from the Thai authorities over the fate of its Bangkok elevated road and rail project.

24 Jan 1998 - 12:00am


Hopewell was the most actively traded stock yesterday with 40.07 million shares changing hands.

Hopewell, which has had a string of bad news over the past few months, gained 11.24 per cent to end the day at $1.98 on the announcement of a new power plant in Indonesia.

30 Dec 1997 - 12:00am

Hopewell finalising US$1.33b loan for Tanjung power station

Hopewell Holdings says it is finalising arrangements for a US$1.33 billion syndicated loan to finance the building of its Tanjung Jati B power station in Indonesia. The 1,320-megawatt plant is 20 per cent built. Hopewell, which has an 80 per cent interest in the project, has received preliminary approval from the Indonesian authorities to build a Tanjung Jati C power station.

12 Dec 1997 - 12:00am

Hopewell has potential to constantly surprise

Cleaner, leaner and a lot more palatable to investors. Having bitten the bullet over its Bangkok misadventure Hopewell Holdings is apparently a reformed character.

Stripped down to the bear bones the company has sold prime assets, booked a $5 billion write off and dramatically reduced debt levels. Marvellous what a little financial engineering can do.

30 Oct 1997 - 12:00am

Picture of Hopewell debt badly painted

I was concerned to read the reference to Hopewell's debt levels in Friday's Business Post article headlined 'Hopewell surges on Thai rail sale hopes'.

There has been a persistent misperception in recent months that Hopewell has high debt levels and I was disappointed to see this repeated in Business Post.

17 Sep 1997 - 12:00am

Thais jump on deadline

HOPEWELL Holdings missed its deadline to submit revised plans for financing its delayed Bangkok mass rail project. The banks backing Hopewell have called for a meeting with the Thai government.

3 Aug 1997 - 12:00am