• Fri
  • Nov 28, 2014
  • Updated: 6:19pm

Wheelock

Wheelock and Co is a Hong Kong-based company that is primarily involved in property investment, property development, property management and agency, and investment holding. It is also involved in the distribution and retail businesses, including Lane Crawford, Joyce and City'Super, with operations in Hong Kong, the British Virgin Islands, the People's Republic of China and Singapore.

Wheelock to sell second tower at One Bay East in Kwun Tong

Following last year's HK$4.5 billion sale of an office tower in Kwun Tong, Wheelock Properties will soon dispose of the second building in the twin-tower development.

Monday, 17 March, 2014, 7:02pm

Developers will hold flats rather than sell below cost, says Wheelock chief

Stewart Leung Chi-kin has spent about 80 per cent of his more than five decades in Hong Kong’s property industry at New World Development. Since joining the company in 1970, Leung has helped former chairman Cheng Yu-tung turn it into one of the four biggest developers in the city.

12 Mar 2014 - 6:19am

Peter Woo makes way for new chairman

Peter Woo Kwong-ching is stepping down as chairman of conglomerate Wheelock and Co to make way for a new generation of leadership. His son, Douglas Woo Chun-kuen, who became the managing director on July 1, had been elected the new chairman with effect from January 1 next year, Wheelock announced yesterday.

28 Nov 2013 - 5:03am 1 comment

Wheelock core interim profit rise 40 per cent to HK$4.76 billion

Property and logistics conglomerate Wheelock and Co said its core profit, excluding property revaluations and exceptional items, rose 40 per cent to HK$4.76 billion in the first half of the year.

30 Aug 2013 - 1:55am

Wheelock looks ahead to strong growth

With a strong pipeline of projects, property and logistics conglomerate Wheelock and Company expects to see substantial business growth in the next five years.

28 Mar 2013 - 6:31am

Stock Watch: Wheelock

Peter Woo Kwong-ching, the chairman of Wheelock & Company and Wharf Holdings, has also been steadily increasing his shareholdings in Wheelock, a ports-to-property conglomerate. Between August last year and October this year, he spent about HK$434 million on Wheelock shares.

Based on its current share price, he would have reaped more than HK$190 million in unrealised profits.

10 Dec 2012 - 2:28am

Market Wrap: Hong Kong stocks end flat; Swire Properties drops

Hong Kong stocks ended flat on Thursday, dragged down by energy counters and property developers, as investors sat on their hands, with activity sharply lower because of  China’s Golden Week holidays.

5 Oct 2012 - 10:11am

Heavyweights lead buying by directors as disposals subside

Buying of their own company shares by directors surged for a second week, with 53 companies filing 282 purchases worth HK$290 million with the stock exchange for the first week of September.

The figures were sharply up from the previous week's 31 companies that disclosed 176 purchases worth a total of HK$140 million.

10 Sep 2012 - 1:26am

Wheelock and Co announces 525 per cent increase in interim dividend

Property and logistics conglomerate Wheelock and Co will reward shareholders with an interim dividend for the six months to June of 25 HK cents per share on net profit that was up 33 per cent to HK$13.57 billion.

The dividend was up 525 per cent on the dividend of 4 HK cents declared for the first half of last year.

25 Aug 2012 - 4:25am

Offer for Wheelock Properties approved

Wheelock Properties shareholders voted overwhelmingly in favour of a HK$6.9 billion privatisation offer from its parent Wheelock & Co, controlled by Peter Woo Kwong-ching. In an extraordinary general meeting, 99.92 per cent of independent shareholders approved the HK$13 per share cash bid for the 25 per cent of the company that Wheelock & Co does not own.

25 Jun 2010 - 12:00am

Wheelock's nine-month HK$3.36b return beats previous year

Investment and property holding company Wheelock reported an underlying profit of HK$3.36 billion for the nine months to December last year, compared with HK$3 billion for the 12 months to March in the previous financial year.

27 Mar 2008 - 12:00am

Wheelock sells 22 units

Wheelock Properties has sold six penthouse units and 16 combined units at its Galaxia project in Diamond Hill through tender since Saturday. The penthouses were sold for between $9 million and $11 million, or between $5,625 per square foot and $6,875 per square foot, while the combined units fetched $7 million to $9 million.

24 Nov 1998 - 12:00am

WHEELOCK

WHEELOCK is a diversified conglomerate with interests in property, telecommunications, container terminals and trading.

6 Sep 1998 - 12:00am

Wheelock stocks

Shares in Wheelock yesterday extended Monday's heavy losses as long-term investors sold out of the stock after its associate Wharf had its debt ratings cut, brokers said.

Wheelock fell 9.34 per cent to $4.125, taking its losses this week to 17.5 per cent.

10 Jun 1998 - 12:00am

Promising sale sign

Wheelock Properties has received an encouraging initial response to the forthcoming launch of units at its Galaxia development in Diamond Hill, with the registration of more than 1,200 applicants as of yesterday afternoon.

14 Jan 1998 - 12:00am

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