• Thu
  • Aug 28, 2014
  • Updated: 9:19am

Wheelock & Co

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.

Core profit up 8pc at Wheelock & Co

Wheelock & Co has announced a 8 per cent rise in its core profit to HK$7.82 billion for last year, but net earnings declined because of a lower net gain in revaluation of investment properties.

Friday, 28 March, 2014, 3:43pm

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

Directors buy more of their own shares as selling drops

Buying of their own company's shares by directors rose last week and selling fell sharply, based on filings made with the stock exchange for the third week of October. A total of 32 companies reported 118 insider purchases worth HK$69.9 million, versus 12 companies that reported 53 disposals worth HK$36.6 million.

22 Oct 2012 - 4:47am

Taking the chair

Stewart Leung Chi-kin, chairman of the executive committee of the Real Estate Developers Association, has been appointed a director and vice-chairman of Wheelock. He also replaces Peter K. C. Woo as chairman of Wheelock Properties, where he is responsible for property development. Leung is a former director and general manager of New World Development, where he worked for about 40 years.

3 Feb 2012 - 12:00am

Holding companies add to majority shareholders' control, but subtract value

Holding companies are used to hold the different businesses owned by a common controlling shareholder.

These structures have a legitimate use but can also be used as a tool to deprive minority shareholders of control and, ultimately, money.

12 Sep 2011 - 12:00am

Property's income set to double

Wheelock & Co will see rental income from its Central property - Crawford House - grow to HK$120 million a year after the building is fully let.

This compares to about HK$60 million when the building was fully let before anchor tenant Lane Crawford moved to IFC Mall in 2004, according to Ricky Wong, executive director of Wheelock Properties, a unit of Wheelock.

7 Mar 2007 - 12:00am

Lane Crawford site may fetch $2b

Wheelock & Co's Lane Crawford House in Queen's Road Central has stirred frenzied buying interest, with local developers and foreign investment funds bidding aggressively for a shot at what could be the most expensive en-bloc property in Central in almost a decade.

18 Aug 2005 - 12:00am

Wheelock profit squeezed

Wheelock & Co reported a 0.1 per cent rise in profit to HK$460.8 million for the six months to September 30. Despite a substantial increase in property sales, the result was hit by a HK$273.8 million property provision and squeezed profit margins. Earnings per share were 22.7 HK cents. It will pay an interim dividend of 2.5 HK cents per share.

30 Nov 2001 - 12:00am

3,000 units to be sold

Wheelock & Co and its subsidiary Wharf (Holdings) plan to sell about 3,000 residential units worth more than HK$10 billion next year. Wheelock will launch 86 units at Nelson Court, Mountain Court and Chelsea Court. Tomorrow Wharf launches three units at The Primrose.

15 Dec 2000 - 12:00am

Wheelock seeks green support

Wheelock & Co is trying to win support from green groups and the Government for a residential project in Wong Yue Tan, Tai Po, by increasing the amount of wetlands.

The project incorporates a large nature reserve and a low-density residential development.

26 Jul 2000 - 12:00am