Vincent Lo

Hong Kong's prospects bright even with competition from Shanghai

George Chen, Financial Services Editor of SCMP; Albert Ng, Regional Managing Partner of EY Greater China; Benjamin Hung, Executive Director and Chief Executive Officer of Standard Chartered Bank (Hong Kong), John Slosar, Chief Executive Of Cathay Pacific Airways; Chan Ka-keung, Secretary for Financial Services and the Treasury and Vincent Lo, Chairman of Shui On Group attend the forum "The Role of Hong Kong as the Ever-Evolving Gateway to and for China" at Admiralty. Photo: K. Y. Cheng

If you have read this column every Monday over the past year, I guess you would feel that we have talked quite a lot about the historic and present-day interplay of Shanghai and Hong Kong. That's exactly why the column is called "Mr. Shangkong".

Friday, 5 June, 2015, 9:00am 3 comments

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 Lo said he had withdrawn from the "front line" over the past two years but had decided to take a more active role.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 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

Cooling policies to slow home sales

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

The mainland's property curbs in the past decade have been unsuccessful, but the new round of measures will slow property sales, said Vincent Lo Hong-sui, a member of the Chinese People's Political Consultative Conference.

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

Briefs, January 5, 2013

Airport Authority Hong Kong appointed Vincent Lo Hong-sui, chairman of Shui On, as a director yesterday.

5 Jun 2015 - 9:00am

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

Billionaire should bet on HK Open

It is not every day that you see a HK$100,000 chip being placed on one bet, but gambling neophyte Ian Poulter, urged on by an entourage of hangers-on, had the gumption to do just that plus another HK$10,000 chip on red at one of the high-roller rooms at the Venetian Resort Hotel last Sunday.

23 Oct 2011 - 12:00am

New name for ambitious Shui On as it embarks on a new direction

Shui On Construction and Materials aims to double its after-tax profit to HK$1.8 billion by 2014 as it reinvents itself as a mainland property developer.

It plans to do this by investing in 'special situation' projects, such as distressed assets, and building 'integrated knowledge' communities on the mainland.

8 Sep 2011 - 12:00am

Developer criticises government measures

Government measures to cool the property market may bring some benefits to lower-income households, but would not help bring down flat prices, developer Vincent Lo Hong-sui said. The Chinese People's Political Consultative Conference delegate and Shui On Group chairman said the core problem was the lack of land supply and high demand for property.

5 Jun 2015 - 9:00am

Carrying the torch

Vincent Lo left his family business to prove his mettle and now runs one of HK's most successful mainland property developers

16 Sep 2008 - 12:00am

Shui On Land looks for strategic investors

Shui On Land plans to bring in strategic partners on a number of large property developments in Chongqing and Yunnan province as a way to release capital for new projects and accelerate expansion.

18 Apr 2008 - 12:00am

Socam profit rises to HK$702m on spin-off

Shui On Construction and Materials (Socam) reported last year's net profit amounted to HK$702 million, thanks to the spin-off of its mainland real estate arm for a separate listing.

9 Apr 2008 - 12:00am

Vincent Lo aspires to a higher purpose

Seagull inspired charge into mainland property

With a HK$100,000 loan from his father, Vincent Lo Hong-sui has built a multibillion-dollar property and construction empire.

19 Nov 2007 - 12:00am

Wong rejects golf as he stays the course

Unlike other players, the boss of China Properties maintains his focus on key cities in the mainland

A self-confessed workaholic who has never touched a golf club in his life, property developer Wong Sai-chung is always on the scout for new business opportunities.

5 Nov 2007 - 12:00am

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