PROPERTY firm Pudong Development Holdings, formerly known as Tomson Pacific, moved against all odds and outpaced the Hang Seng Index this year. Despite the controversy over its purchase of a controlling stake in the World Trade Centre Group (WTCG), Pudong Development outperformed the index by 71.04 per cent. During the year, the stock was traded in a steady range of between $2.25 and $3.90. Tomson was previously led by Macau casino magnate, Stanley Ho, who resigned from the board in April, 1993. In 1990, the company made a takeover bid for WTCG from Bond Corp International. The move became the subject of a two-year investigation called by the Government. The investigation revealed that a key deal was misrepresented to the Securities and Futures Commission (SFC) and that assets were sold at prices out of line with market prices. In October, 1993, Tomson sold its 34.98 per cent interests in WTCG to Rovtec Investment. Amid the controversy, Tomson embarked on a re-planning of its investment portfolio. The change of name in early December may signify its switching focus to the Pudong district of Shanghai.