WHEELOCK and Co will broaden its business base with Wheelock NatWest playing a substantial role in providing investment banking services in the region, it was announced yesterday at the group's annual general meeting.
Wheelock NatWest, a joint venture with National Westminster - one of Britain's four biggest retail banking groups - was to become active next year through Wheelock Capital, the group said.
Group chairman Peter Woo Kwong-ching said the group's prospects for this year were positive as it moved ahead on strong financial and business fundamentals.
Mr Woo outlined several aspects of the group's operations to contribute to the outlook.
He said Wheelock Properties, which has accumulated a land bank of more than 10 million square feet in Hong Kong, would provide steady growth to enhance earnings.
Following a scheduling gap for large projects offered for sale in the territory this year, the group also announced that firm marketing programmes were in place for the next six to 18 months, with all projects proceeding on schedule.
