K Wah’s financial chief says focus firmly on Hong Kong, Pearl River Delta and Yangtze River regions
‘I predict Dongguan will look very different in the next 6 to 12 months,’ says Oliver Lam
Oliver Lam, chief financial officer of Hong Kong developer K Wah International, spent the majority of his time on the road, before joining the company last year.
He previously spent 12 years overseeing infrastructure projects for the mainland group China Merchants Holdings (International), which has a business network spanning Asia and Africa.
“K Wah focuses on Hong Kong, the Pearl River Delta region and the Yangtze River region and we want to ensure our resources are used to develop quality projects in all three,” said Lam.
K.Wah International is a mid-sized property developer, and also holds a 3.8 per cent stake in gaming giant, Galaxy Entertainment.
Why does the company focus on just those three regions, and might it consider expanding into the Xiongan economic zone in Hebei province? [The Chinese government announced the planned creation of the Xiongan area earlier this month, modelled very much on Shenzhen and Shanghai’s Pudong]
We want to focus our resources on building quality projects in first- and second-tier cities only, and currently have operations in Hong Kong, Shanghai and the Pearl River Delta regions. We do not plan go into northern parts of China.
