Pearl Oriental Holdings

Energy firm chief said to meet ICAC agents

Shares in Pearl Oriental Oil, led by Wong Kwan, have been suspended since Tuesday pending further announcements. Photo: SCMP

Wong Kwan, the chef-turned-entrepreneur who is chairman and chief executive of listed energy company Pearl Oriental Oil, is in the spotlight again after having reportedly met local anti-graft agents.

Friday, 11 January, 2013, 3:56am

Pearl Oriental hotel sale

Pearl Oriental Holdings hopes to raise at least $1 billion from the sale of a 320-room hotel in Western District. The sale of the hotel was delayed for a year due to the property slump, the firm said.

6 Nov 1998 - 12:00am

Pearl explains shares jump

In response to a request from the Hong Kong stock exchange, property firm Pearl Oriental Holdings yesterday attributed a seven-cent, or 32.56 per cent, increase in its share price on Tuesday to an announcement that controlling shareholder and chairman Wong Kwan had accumulated an additional stake of 2.78 per cent in the company.

2 Feb 1998 - 12:00am

Pearl Oriental

It was incorrectly stated in Saturday's Monitor column that the stock exchange suspended trading in Pearl Oriental Holdings on Friday afternoon.

16 Jun 1997 - 12:00am

Profit of $42m

Property developer Pearl Oriental Holdings has booked a $42.2 million profit from the sale of a house at Watford Road, the Peak.

It bought the house for $72.8 million in November, refurbished it for $5 million, and sold it for $115 million on Saturday.

27 Jan 1997 - 12:00am

$175m Peak redevelopment

Pearl Oriental Holdings will spend $175 million to redevelop two luxury properties on The Peak.

Chairman Wong Kwan said the company would use $100 million to redevelop a site in Severn Road into five blocks of luxury homes.

The company also will redevelop Skyhigh, in Pollock's Path, into five blocks of luxury flats at a cost of $75 million.

24 Jan 1997 - 12:00am

Why did the office block cross the road?

The trend of Hong Kong offices being turned into hotels and vice versa has taken a new twist.

The latest instalment in the ongoing saga centres on the Western District, where hotels have become a scarce commodity in recent times.

24 Aug 1996 - 12:00am

Pearl chairman lifts holding

Pearl Oriental Holdings says its chairman and chief executive Wong Kwan acquired a further 6.8 million shares in the company at $2.55 each between July 17 and 19.

The acquisition raised his shareholding in the property trading firm to about 2.9 billion shares.

23 Jul 1996 - 12:00am

Pearl Centre floor sold for $94m

Pearl Oriental Holdings has sold the 17th floor of Pearl Oriental Centre in Wan Chai to two independent parties for about $94 million.

It involved two units, one measuring 4,059 square feet and the other 3,329 sq ft. The average selling price was $12,723 per square foot.

11 Jul 1996 - 12:00am

At 9 times NAV, Pearl attracts rapt attention

Alliance Capital Management, a United States investment company with US$145 billion under management, must feel pretty confident about prospects at Pearl Oriental Holdings.

18 Apr 1996 - 12:00am

Buyers reach deadline on Pearl Oriental sale

BUYERS of at least five office floors in Pearl Oriental Centre in Wan Chai completed their purchases by the deadline yesterday, sources say.

Several buyers remained uncommitted and stood to default and lose the 30 per cent deposit they paid to the vendor, Pearl Oriental Holdings.

7 Mar 1996 - 12:00am

Kowloon shops on block

A CONSORTIUM comprising Pearl Oriental Holdings and Lippo Ltd next week will sell its retail premises at the World Trade Plaza in Tsim Sha Tsui, which will realise more than $700 million.

There are 140 shops on sale with an aggregate area of 37,841 square feet. Average sale price is $19,344 per sq foot.

14 Apr 1994 - 12:00am