Langham shares drop 9pc on debut

Lo Ka-shui (Left), chairman and non-executive director of Langham Hospitality Investments Limited

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

Australian firm eyes Chinese investors for property trust

Phillip Nyssen, director and founder of Property Joint Ventures

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 pitches unit price in mid-range

Langham Place Hotel Hong Kong

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

Great Eagle begins public offering of units in Langham Hospitality trust

Lo Ka-shui, chairman of Great Eagle, says the company will be more aggressive in buying hotels and development sites. Photo: Felix Wong

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 joins hotel spin-offs trend

Adrian Cheng Chi-kong, New World joint general manager

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

Yield the lure for Great Eagle hotels spin-off

Langham Place Hotel Hong Kong

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

Urgent need for Hong Kong conservation trust

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

Growth of wealth in Asia spurs vehicles

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

Making sure your goals are met

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

Charitable trusts multiply in Asia


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

Knowledge inspires faith in trusts

As people become more knowledgeable about financial planning, interest in trusts is expected to grow across the region.

8 Oct 2005 - 12:00am

Preparation can prevent feuds over fortunes

To appreciate the importance of appropriate estate and succession planning, consider some of the bitter disputes that emerge in Hong Kong's court system.

Close relatives argue over their share of the family wealth, often when the patriarch has passed away.

15 Jun 2003 - 12:00am

Judiciary and regulators need to be educated on trust law, lawyer says

Radical programmes are needed to educate the mainland's judiciary and regulators about China's new trust law and inform trustees of their obligations, according to a Western lawyer.

China's trust law segregated legal and beneficial ownership of assets but its implementation had been weak, said Iain Batty, a partner at international law firm CMS Cameron McKenna.

17 Feb 2003 - 12:00am

New level of trust

China passed a law on trusts which came into force last year. This is noteworthy for several reasons. Firstly, it is unusual for civil law jurisdiction to introduce a system of trust law. Secondly, there is a strong possibility that trusts will be used as a legal vehicle for the eagerly awaited new pension funds.

11 Nov 2002 - 12:00am