Shui On Land

Shui On boss shakes up management

Vincent Lo has taken a more active role in Shui On since the middle of 2013 after two years of dismal performance. Photo: Jonathan Wong

Vincent Lo Hong-sui, chairman of Shui On Land, has introduced a string of measures to shake up his firm's senior management to improve property sales, expand its land bank and streamline development strategies.

Monday, 20 January, 2014, 12:20am

Shui On chairman back in driver's seat as CEO quits

Freddy Lee resigns as Shui On chief after less than three years.

Shui On Land, a mainland developer that has been selling assets to cut debt, said yesterday that chief executive Freddy Lee had quit after less than three years and chairman Vincent Lo Hong-sui would resume a more active role.

11 Jan 2014 - 1:21am

Shui On profit rises 27 per cent on mainland China rebound

Vincent Lo Hong-shui. Photo: SCMP

Shui On Land, chaired by Vincent Lo Hong-shui, said net profit was 1.05 billion yuan (HK$1.32 billion), up from 825 million yuan in the first half of last year.

28 Aug 2013 - 5:44am

Vincent Lo gets hands-on again

Vincent Lo says his involvement in Shui On Land will now be more than over the past two years. Photo: K.Y. Cheng

Vincent Lo Hong-sui, the chairman of Shui On Land, is back in the spotlight as he moves to improve the firm's performance. Lo said he had withdrawn from the "front line" over the past two years but had decided to take a more active role.

5 Jun 2015 - 9:00am

Shui On Land to convert Shanghai hotel into flagship retail store

Vincent Lo Hong-shui, Shui On chairman

The conversion of a luxury boutique hotel in a historical district of Shanghai into a multi-storey flagship retail outlet will be the first project to be tackled by China Xintiandi, a commercial property unit to be spun off by Hong Kong-listed Shui On Land.

24 Apr 2013 - 5:20am

Shui On Land to launch rights issue as profits plunge

Vincent Lo Hong-sui. Photo: K.Y. Cheng

Shui On Land is to raise up to HK$4.13 billion through a rights issue to finance its involvement in two large-scale urban renewal projects in Shanghai and future land acquisition.

The news came as the company revealed its full-year underlying profits had plunged 87 per cent year on year to 201 million yuan (HK$248 million) in 2012.

5 Jun 2015 - 9:00am

Vincent Lo's plans for new vehicle China Xintiandi

Vincent Lo says carrying huge property assets that have needed big investments is hurting Shui On Land's earning capability. Photo: KY Cheng

At 64, Vincent Lo Hong-sui has not taken a holiday for seven years. A workaholic still, despite being a billionaire, Lo is hoping all that effort will pay off as he begins building one of the nation's largest property investment companies.

5 Jun 2015 - 9:00am

Shui On Land expects bumper rental income from Corporate Avenue II

Corporate Avenue II is part of the 52-hectare Taipingqiao redevelopment. Photo: SCMP

Mainland developer Shui On Land says its office-retail project, Corporate Avenue II, will generate annual rental incomes of up to 700 million yuan (HK$862.84 million) once all the space has been leased.

11 Jan 2013 - 3:56am

Shui On Land to boost spin-off with 68b yuan asset injection

The Xintiandi entertainment district in Shanghai. Photo: AFP

Shui On Land yesterday unveiled a major restructuring plan to inject its commercial portfolio, valued up to 68 billion yuan (HK84.6 billion), into its listing candidate China Xintiandi, in an attempt to boost investors' confidence.

Xintiandi, a wholly owned subsidiary, will start operations on March 1.

10 Jan 2013 - 4:21am

Shui On to add commercial complex to Shanghai residential project

Shui On Land yesterday announced it would add a 500,000 square metre commercial complex to its Rui Hong Xin Cheng residential project in Shanghai.

The developer will own and lease the large shopping space. It did not reveal the investment amount for the new project.

27 Sep 2012 - 3:25am

Shui On to release Foshan flats in HK

Shui On Land is set to launch luxury flats in its mainland project, Foshan Lingnan Tiandi, for sale in Hong Kong next month, with price tags ranging from 4 million yuan (HK$4.91 million) to more than 5 million yuan.

20 Sep 2012 - 3:03am

Shaky market dampens Shui On's listing plans

Shui On Land yesterday said it was not facing a cash crunch and hinted it might have to defer plans to spin off China Xintiandi if the market sentiment continued to weaken.

But chairman Vincent Lo Hong-sui, said the company was still preparing for a separate listing of China Xintaindi.

8 Jun 2012 - 12:00am

Shui On Land optimistic on rental income rise

A day after announcing plans to spin off its Xintiandi unit, Shui On Land said it expected rental income to rise 17 per cent to more than one billion yuan (HK$1.2 billion).

'The increase in rent is mainly because of more projects completed this year,' chief executive Freddy Lee Chun-kong said.

30 May 2012 - 12:00am

Shui On Land expects a tough year for developers

Shui On Land expects the business environment for mid- and small-sized developers to be challenging this year as cooling measures in the mainland property market continue to have an impact.

'The business environment may be more difficult than that in 2011,' chairman Vincent Lo Hong-sui said yesterday.

5 Jun 2015 - 9:00am

'Spaceship' a highlight of Shui On project

An exhibition centre in the form of a 'spaceship' will be a drawing card of Shui On Land's proposed multibillion-yuan property development in Shanghai's new core business district of Hongqiao.

23 May 2011 - 12:00am