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.Friday, 31 May, 2013, 4:41am
Property Joint Ventures, an Australian firm, hopes to exploit the growing interest in offshore property investments among wealthy mainland Chinese by offering them an opportunity to invest in its privately-run real estate trust.29 May 2013 - 3:21am
Langham Hospitality Investment, an investment trust being spun off by Great Eagle, will set its unit price in the middle of the indicated range to attract investors, analysts say.24 May 2013 - 3:08am
The sale is expected to raise HK$3.96 billion to HK$4.57 billion. Great Eagle will control and own at least 51 per cent of the managers of the trust after the spin-off.16 May 2013 - 3:53am
New World Development has submitted a listing application to the Hong Kong stock exchange to spin off its three hotels in the city, a plan it announced in March.3 May 2013 - 4:22am
The company, controlled by Lo Ka-shui, is taking advantage of investors' interest in high-yield products to hive off its three Hong Kong hotels into a business trust called the Langham Hospitality Investments Group.2 May 2013 - 3:47am
There is increasing awareness of the importance of heritage conservation in Hong Kong. Moves to establish a statutory conservation trust in Hong Kong must be speeded up.
In his 2007-08 policy address, then chief executive Donald Tsang Yam-kuen announced a range of initiatives on heritage conservation.10 Nov 2012 - 12:56am
More funds are being set up to ensure financial and property assets are passed on to the next generation.
Private trusts have existed for hundreds of years and were traditionally used by the wealthy as a way of protecting shares, money, managed funds or property. But private trusts are no longer solely for the extremely wealthy.23 Oct 2007 - 12:00am
Establishing a trust involves careful planning, defining objectives and ensuring that trustees are able to deliver the services they say they can.23 Oct 2007 - 12:00am
LI KA-SHING, the Kadoories and Jackie Chan are among Hong Kong's most famous names. And they have all set up trusts to help others.
Unlike the more standard type of trust, which benefits a person or persons, a charitable trust can be for specific purposes, which should be recognised by and in accordance with Hong Kong law.20 May 2006 - 12:00am