https://www.scmp.com/rss/70818/feed The latest news on Vincent Lo, Hong Kong businessman and chairman of the Shui On Group, including business news and updates. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Inside Vincent Lo Hong-shui’s office in the Shui On Centre in Wan Chai, traditional Chinese art lines the walls, and Lo rather favours wearing traditional Mandarin collared suits. But in a corporate culture that prefers male heirs, he has left tradition behind in just appointing his daughter, Stephanie, as executive director and heir apparent. She has more than 14 years of experience in property development in mainland China, and is also executive director of Shui On Management (SOM) and the... https://www.scmp.com/business/companies/article/2161587/shui-ons-vincent-lo-uncrowned-king-guangxi-still-hungry-out-trump?utm_source=rss_feed https://www.scmp.com/business/companies/article/2161587/shui-ons-vincent-lo-uncrowned-king-guangxi-still-hungry-out-trump?utm_source=rss_feed Tue, 28 Aug 2018 00:32:33 +0000 Family-owned businesses, when they are well-managed and cohesive, can outperform other types of corporate structure, according to a 2015 Credit Suisse report, which studied 920 family-controlled enterprises with at least US$1 billion in market value. Their average annual revenue grew 10 per cent from 1995 to 2015, better than the 7.3 per cent increase among members of the MSCI Index in the same period. “Family businesses appear to demonstrate superior cash returns and economic value creation,... https://www.scmp.com/business/companies/article/2096990/dirty-fighting-some-hong-kongs-wealthiest-families-may-undo-value?utm_source=rss_feed https://www.scmp.com/business/companies/article/2096990/dirty-fighting-some-hong-kongs-wealthiest-families-may-undo-value?utm_source=rss_feed Mon, 05 Jun 2017 14:30:45 +0000 Shui On Land, the property developer founded by tycoon Vincent Lo Hong-sui, has sold one of its largest mixed commercial projects in mainland China for 4.1 billion yuan (US$596.3 million). In a statement to the Hong Kong stock exchange on Friday night, Shui On said it would reap a profit of about 1.7 billion yuan by selling a 79.2 per cent stake in Chongqing Tiandi to China Vanke, the second-largest developer in the country. The deal would also reduce its net gearing by 11 per cent, the firm... https://www.scmp.com/property/hong-kong-china/article/2095903/shui-land-sells-chongqing-assets-china-vanke-41-billion?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2095903/shui-land-sells-chongqing-assets-china-vanke-41-billion?utm_source=rss_feed Fri, 26 May 2017 17:17:41 +0000 If you have read this column every Monday over the past year, I guess you would feel that we have talked quite a lot about the historic and present-day interplay of Shanghai and Hong Kong. That's exactly why the column is called "Mr. Shangkong". When my CEO asked if I could moderate one of our own forums about the future of Hong Kong, of course I said yes, because I felt I had been engaged in that debate since I arrived in Hong Kong. I am from Shanghai, so my local friends in Hong Kong are... https://www.scmp.com/business/global-economy/article/1297654/hong-kongs-prospects-bright-even-competition-shanghai?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/1297654/hong-kongs-prospects-bright-even-competition-shanghai?utm_source=rss_feed Sun, 18 Aug 2013 16:00:00 +0000 Vincent Lo Hong-sui, the chairman of Shui On Land, is back in the spotlight as he moves to improve the firm's performance. Lo said he had withdrawn from the "front line" over the past two years but had decided to take a more active role. "The market sentiment is poor and the government has released different policies. It is not easy for a new person to manage the company," he said yesterday. "I worked as a consultant in the company over the past two years. "Now I will resume the leadership in... https://www.scmp.com/business/companies/article/1248538/vincent-lo-gets-hands-again?utm_source=rss_feed https://www.scmp.com/business/companies/article/1248538/vincent-lo-gets-hands-again?utm_source=rss_feed Tue, 28 May 2013 16:00:00 +0000 Shui On Land is to raise up to HK$4.13 billion through a rights issue to finance its involvement in two large-scale urban renewal projects in Shanghai and future land acquisition. The news came as the company revealed its full-year underlying profits had plunged 87 per cent year on year to 201 million yuan (HK$248 million) in 2012. The company announced a rights issue of one new share for every three shares held. The rights shares will be priced at a steep discount of HK$1.84 each, or almost 45... https://www.scmp.com/business/companies/article/1202184/shui-land-launch-rights-issue-profits-plunge?utm_source=rss_feed https://www.scmp.com/business/companies/article/1202184/shui-land-launch-rights-issue-profits-plunge?utm_source=rss_feed Thu, 28 Mar 2013 16:00:00 +0000 The mainland's property curbs in the past decade have been unsuccessful, but the new round of measures will slow property sales, said Vincent Lo Hong-sui, a member of the Chinese People's Political Consultative Conference. "Certainly they haven't been," said Lo, the chairman of Shui On Land, a Shanghai-based developer, in Beijing on Wednesday. "Had they been successful, home prices wouldn't have risen higher the more the government curbed." The central government on March 1 imposed its toughest... https://www.scmp.com/property/hong-kong-china/article/1185887/cooling-policies-slow-home-sales?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1185887/cooling-policies-slow-home-sales?utm_source=rss_feed Thu, 07 Mar 2013 16:00:00 +0000 At 64, Vincent Lo Hong-sui has not taken a holiday for seven years. A workaholic still, despite being a billionaire, Lo is hoping all that effort will pay off as he begins building one of the nation's largest property investment companies. The grand plan, unveiled earlier this month, involves restructuring the Hong Kong-listed Shui On Land, in which Lo has a 60 per cent stake, by injecting up to 68 billion yuan (HK$83.75 billion) of commercial assets into China Xintiandi, a wholly owned... https://www.scmp.com/business/companies/article/1137277/vincent-los-plans-new-vehicle-china-xintiandi?utm_source=rss_feed https://www.scmp.com/business/companies/article/1137277/vincent-los-plans-new-vehicle-china-xintiandi?utm_source=rss_feed Sun, 27 Jan 2013 16:00:00 +0000 Vincent Lo joins board of Airport Authority Airport Authority Hong Kong appointed Vincent Lo Hong-sui, chairman of Shui On, as a director yesterday. Lo replaces Allan Wong Chi-yun, who served his full three-year term on the board. Meanwhile, the authority extended the tenures of Albert Ho Chun-yan and Chan Kam-lam for three more years from January 1. Charlotte So   Bebe Stores taps retail veteran as new chief Women's apparel retailer Bebe Stores named retail industry veteran Steve Birkhold as... https://www.scmp.com/business/china-business/article/1120120/briefs-january-5-2013?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1120120/briefs-january-5-2013?utm_source=rss_feed Fri, 04 Jan 2013 16:00:00 +0000 Shui On Land expects the business environment for mid- and small-sized developers to be challenging this year as cooling measures in the mainland property market continue to have an impact. 'The business environment may be more difficult than that in 2011,' chairman Vincent Lo Hong-sui said yesterday. Despite the People's Bank of China lowering banks' reserve ratio requirements twice, he believes the measures to loosen lending will not help the market unless there is a turnaround in the global... https://www.scmp.com/article/996200/shui-land-expects-tough-year-developers?utm_source=rss_feed https://www.scmp.com/article/996200/shui-land-expects-tough-year-developers?utm_source=rss_feed Wed, 21 Mar 2012 16:00:00 +0000 It is not every day that you see a HK$100,000 chip being placed on one bet, but gambling neophyte Ian Poulter, urged on by an entourage of hangers-on, had the gumption to do just that plus another HK$10,000 chip on red at one of the high-roller rooms at the Venetian Resort Hotel last Sunday. Poulter, the defending Hong Kong Open champion, was in Macau for the final leg of a novel experiment by Hong Kong-based entrepreneur Marc Boggia, whose idea of a golf swing through China featuring some... https://www.scmp.com/article/982699/billionaire-should-bet-hk-open?utm_source=rss_feed https://www.scmp.com/article/982699/billionaire-should-bet-hk-open?utm_source=rss_feed Sat, 22 Oct 2011 16:00:00 +0000 Shui On Construction and Materials aims to double its after-tax profit to HK$1.8 billion by 2014 as it reinvents itself as a mainland property developer. It plans to do this by investing in 'special situation' projects, such as distressed assets, and building 'integrated knowledge' communities on the mainland. And it will soon have a new name to reflect its new direction. At yesterday's special general meeting, the company won shareholders' approval to change its name to Socam Development to... https://www.scmp.com/article/978440/new-name-ambitious-shui-it-embarks-new-direction?utm_source=rss_feed https://www.scmp.com/article/978440/new-name-ambitious-shui-it-embarks-new-direction?utm_source=rss_feed Wed, 07 Sep 2011 16:00:00 +0000 Government measures to cool the property market may bring some benefits to lower-income households, but would not help bring down flat prices, developer Vincent Lo Hong-sui said. The Chinese People's Political Consultative Conference delegate and Shui On Group chairman said the core problem was the lack of land supply and high demand for property. He criticised the government measures as 'too severe'. https://www.scmp.com/article/740162/developer-criticises-government-measures?utm_source=rss_feed https://www.scmp.com/article/740162/developer-criticises-government-measures?utm_source=rss_feed Sun, 06 Mar 2011 16:00:00 +0000 Vincent Lo left his family business to prove his mettle and now runs one of HK's most successful mainland property developers It is easy to understand why Vincent Lo Hong-sui's leg as an Olympic torchbearer through Shanghai's Xintiandi district gave 'a very special feeling'. The route was one he had traced many times before, first on plans and architectural blueprints, and later across building sites and unmade roads as the surrounding flagship development of restaurants, bars and retail... https://www.scmp.com/article/652849/carrying-torch?utm_source=rss_feed https://www.scmp.com/article/652849/carrying-torch?utm_source=rss_feed Mon, 15 Sep 2008 16:00:00 +0000 Shui On Land plans to bring in strategic partners on a number of large property developments in Chongqing and Yunnan province as a way to release capital for new projects and accelerate expansion. The decision came after the firm announced underlying profit last year rose 34 per cent to HK$2.11 billion, including an 845 million yuan (HK$943 million) gain from the sale of stakes in two projects to Trophy Property. The results beat expectations for a 1.64 billion yuan profit in a Thomson... https://www.scmp.com/article/634082/shui-land-looks-strategic-investors?utm_source=rss_feed https://www.scmp.com/article/634082/shui-land-looks-strategic-investors?utm_source=rss_feed Thu, 17 Apr 2008 16:00:00 +0000 Shui On Construction and Materials (Socam) reported last year's net profit amounted to HK$702 million, thanks to the spin-off of its mainland real estate arm for a separate listing. Earnings were 16.6 per cent higher than the HK$602 million for the last nine months in 2006. The company switched its financial year to the calendar year in 2006 and did not give comparable figures for 2007 results. Shui On booked a HK$417 million gain from the listing of China Central Properties (CCP) on the... https://www.scmp.com/article/633008/socam-profit-rises-hk702m-spin?utm_source=rss_feed https://www.scmp.com/article/633008/socam-profit-rises-hk702m-spin?utm_source=rss_feed Tue, 08 Apr 2008 16:00:00 +0000 Seagull inspired charge into mainland property With a HK$100,000 loan from his father, Vincent Lo Hong-sui has built a multibillion-dollar property and construction empire. The successful career of the 59-year-old chairman of Shui On Group has not been modelled on hard-hitting and hard-nosed rivals. Instead, he claims the popular 1970s novella Jonathan Livingston Seagull about a bird seeking a higher purpose in life was his inspiration. A seagull is incorporated in the company's logo. Now the... https://www.scmp.com/article/616232/vincent-lo-aspires-higher-purpose?utm_source=rss_feed https://www.scmp.com/article/616232/vincent-lo-aspires-higher-purpose?utm_source=rss_feed Sun, 18 Nov 2007 16:00:00 +0000 Unlike other players, the boss of China Properties maintains his focus on key cities in the mainland A self-confessed workaholic who has never touched a golf club in his life, property developer Wong Sai-chung is always on the scout for new business opportunities. After more than 30 years in business, the managing director of Hong Kong-listed China Properties Group is considered a bit of a corporate jack-of-all-trades. After starting as a steel trader in West Africa in the 1970s, he moved into... https://www.scmp.com/article/614368/wong-rejects-golf-he-stays-course?utm_source=rss_feed https://www.scmp.com/article/614368/wong-rejects-golf-he-stays-course?utm_source=rss_feed Sun, 04 Nov 2007 16:00:00 +0000 Shanghai-based developer Shui On Land is considering buying up to seven property projects after reporting a more than 33 per cent jump in underlying first-half profit. Underlying profit, fuelled by a sharp reduction in finance costs, rose to 578 million yuan from 433 million a year earlier. Turnover advanced 0.92 per cent to 2.17 billion yuan from 2.15 billion yuan. 'We are now studying six or seven projects but it is inappropriate to give more details at the moment,' said chairman Vincent... https://www.scmp.com/article/608433/shui-land-considers-acquisitions-gains-rise?utm_source=rss_feed https://www.scmp.com/article/608433/shui-land-considers-acquisitions-gains-rise?utm_source=rss_feed Tue, 18 Sep 2007 16:00:00 +0000 Shui On Construction and Materials (Socam) has agreed to sell 1.8 billion yuan worth of Shui On Land shares to a privately-run company owned by its chairman Vincent Lo Hong-shui. Analysts said the proposed sale was aimed at streamlining the group's structure. Socam is expected to gradually sell its entire stake in Shui On Land to Mr Lo's company. Socam said it would sell 228.7 million Shui On Land shares to Shui On Investment at a minimum of HK$7.87 each, 211.8 million Shui On Land shares at... https://www.scmp.com/article/600922/socam-streamline-18b-yuan-sale?utm_source=rss_feed https://www.scmp.com/article/600922/socam-streamline-18b-yuan-sale?utm_source=rss_feed Tue, 17 Jul 2007 16:00:00 +0000 Shui On Construction and Materials (Socam) will raise its investment in China Central Properties by 25 per cent to as much as HK$975 million before the property firm's plan to seek a listing in London. Socam, controlled by Vincent Lo Hong-shui, earlier indicated that it would spend about HK$780 million to subscribe to shares of China Central. China Central plans to raise about GBP150 million (HK$2.3 billion) from a flotation on the London Stock Exchange's AIM Market before the end of the... https://www.scmp.com/article/594369/socam-lift-china-central-stake?utm_source=rss_feed https://www.scmp.com/article/594369/socam-lift-china-central-stake?utm_source=rss_feed Fri, 25 May 2007 16:00:00 +0000 Shanghai-based developer Shui On Land said its underlying profit surged 148 per cent last year, fuelled by strong sales at its upmarket projects in the city. Profit before investment property revaluation gains rose to 1.54 billion yuan last year from 97 million yuan in 2005, exceeding the forecast in its listing prospectus by 5.9 per cent. Turnover jumped 365 per cent to 4.73 billion yuan and a final dividend of six HK cents a share was proposed. 'Robust sales of residential units made a... https://www.scmp.com/article/589773/shui-land-earnings-148pc-robust-sales?utm_source=rss_feed https://www.scmp.com/article/589773/shui-land-earnings-148pc-robust-sales?utm_source=rss_feed Fri, 20 Apr 2007 16:00:00 +0000 New retail and entertainment complex in Shanghai will provide a cheaper alternative to trendy Xintiandi Shui On Group's Xintiandi quarter in Shanghai will face a fresh challenge from a new shopping centre integrating traditional and modern elements in the next few months. Dragon Gate Mall, owned and operated by US-based KaiLong Rei Project Investment, is located at the southern entrance of the famous Yu Garden retail area - one of the most popular tourist and retail attractions in... https://www.scmp.com/article/584901/dragon-gate-raring-open?utm_source=rss_feed https://www.scmp.com/article/584901/dragon-gate-raring-open?utm_source=rss_feed Tue, 13 Mar 2007 16:00:00 +0000 Construction firm sees earnings jump 386pc in the first half Shui On Construction and Materials saw its net profit jump 386 per cent to HK$491 million in the six months to September due to a one-off HK$530 million contribution from the initial public offering of its mainland property subsidiary Shui On Land. Shui On said gains from the Shui On Land share sale would continue to improve its bottom line in the second half, when it expects to see increased earnings from its distressed property... https://www.scmp.com/article/575335/share-sale-boosts-profits-shui?utm_source=rss_feed https://www.scmp.com/article/575335/share-sale-boosts-profits-shui?utm_source=rss_feed Wed, 13 Dec 2006 16:00:00 +0000 Shui On Group chairman Vincent Lo Hong-sui yesterday unveiled plans to revive the shelved initial public offering for its mainland property flagship after the company posted falling profits at its construction arm. The property tycoon said the group planned to bring Shui On Land, which put its US$1 billion offering on hold last month due to poor market conditions, to market again by the end of the year. He said the company was considering whether to inject more new development projects... https://www.scmp.com/article/556996/shui-revives-plan-list-mainland-flagship?utm_source=rss_feed https://www.scmp.com/article/556996/shui-revives-plan-list-mainland-flagship?utm_source=rss_feed Mon, 17 Jul 2006 16:00:00 +0000 Developer's move fails to dent investor interest in mainland property stocks Shui On Land is expected to face short-term financing pressure following its decision this week to shelve a $7.9 billion initial public offering as it seeks a way to cover the $4 billion yuan relocation costs at a project in Shanghai. The company, which has projects in Shanghai, Hangzhou, Wuhan and Chongqing, announced the decision to postpone the share sale on Wednesday due to deteriorating market... https://www.scmp.com/article/552914/shui-need-cash-after-ipo-hitch?utm_source=rss_feed https://www.scmp.com/article/552914/shui-need-cash-after-ipo-hitch?utm_source=rss_feed Thu, 15 Jun 2006 16:00:00 +0000 lo and behold, PROPERTY PLAYS PEAK perfectly as ipo planned Call it the Lo family curse but it seems that the property market peaks every time one of the clan plans a property spin-off. Nine years ago, Lo Ka-shui's Great Eagle failed to spin off Tin Shan Properties, although it resurfaced this year in the guise of the Champion Reit. Then, on Wednesday, sibling Vincent Lo Hong-sui (right) decided to shelve his US$1 billion Shui On Land listing because of the deteriorating market... https://www.scmp.com/article/552882/lai-see?utm_source=rss_feed https://www.scmp.com/article/552882/lai-see?utm_source=rss_feed Thu, 15 Jun 2006 16:00:00 +0000 Developer shrugs off investor concerns on eve of share float Shui On Land, the mainland developer seeking to float shares in Hong Kong, will spend up to four billion yuan to relocate existing residents at its project developments in Shanghai this year. 'Our capital expenditure [this year] is relatively high as we need to relocate residents at Shanghai's Taipingqiao project,' Vincent Lo Hong-sui, chairman of Shui On Land, said yesterday. The Taipingqiao project is a huge mixed-use development... https://www.scmp.com/article/552481/relocations-cost-shui-4b-yuan?utm_source=rss_feed https://www.scmp.com/article/552481/relocations-cost-shui-4b-yuan?utm_source=rss_feed Sun, 11 Jun 2006 16:00:00 +0000 Shui On Land, the mainland property developer controlled by Vincent Lo Hong-sui, has been questioned by the stock exchange's listing committee over the potential competition between the proposed-listed properties and the non-listed properties owned by the company and Mr Lo. According to sources, a listing committee members meeting on Thursday questioned why two properties - Shanghai's Shui On Centre and one Guangzhou property - were not included in the listed portfolio as these properties may... https://www.scmp.com/article/548574/shui-questioned-two-properties?utm_source=rss_feed https://www.scmp.com/article/548574/shui-questioned-two-properties?utm_source=rss_feed Fri, 12 May 2006 16:00:00 +0000 Shui On Construction and Materials (Socam) chairman Vincent Lo Hong-sui says the company will finalise the details for a new investment by the end of this month. Speaking after the firm's annual general meeting, Mr Lo would say only that the project would be connected with the construction business. Last week, Shui On teamed up with Lafarge, the world's largest building materials maker, in a US$650 million joint venture to develop the mainland's cement business. Mr Lo also revealed that... https://www.scmp.com/article/512898/shui-constructing-new-deal?utm_source=rss_feed https://www.scmp.com/article/512898/shui-constructing-new-deal?utm_source=rss_feed Fri, 19 Aug 2005 16:00:00 +0000 Vincent Lo Hong-sui, who could be considered the Donald Trump of Shanghai, is taking a leaf out of the New York property mogul's book by appearing on television. The Hong Kong tycoon will launch a Chinese version of The Apprentice, the reality show pioneered by Mr Trump, to mount a national search for a talented young entrepreneur. News of the show came as it was revealed in New York that the Shui On Holdings chairman, who has invested in the Shanghai property market since the 1990s, is being... https://www.scmp.com/article/508094/vincent-lo-out-trump-his-us-rival?utm_source=rss_feed https://www.scmp.com/article/508094/vincent-lo-out-trump-his-us-rival?utm_source=rss_feed Tue, 12 Jul 2005 16:00:00 +0000 Remember the promises? Modern technologies like the internet, 3G phones and teleconferencing were meant to make business easier, to reduce the need for executives to travel. Well, it has not worked out like that. I spend two-thirds of my time out of Hong Kong. That's life. It is necessary. Despite the technology, you cannot replace eye contact and body language when you are trying to convey an idea or settle a deal. That is partly why the travel industry is doing so well. You cannot replicate... https://www.scmp.com/article/497019/letting-world-pass?utm_source=rss_feed https://www.scmp.com/article/497019/letting-world-pass?utm_source=rss_feed Sun, 17 Apr 2005 16:00:00 +0000 Should big companies in Hong Kong contribute more to the community, as urged by tycoon Vincent Lo Hong-sui, who says some firms should look into why the public views them negatively? Share your views: write to us https://www.scmp.com/article/491702/business-and-society?utm_source=rss_feed https://www.scmp.com/article/491702/business-and-society?utm_source=rss_feed Mon, 07 Mar 2005 16:00:00 +0000 The group's mainland arm will decide whether to take on the investment The board of Shui On Land will meet next week to decide whether to include an investment of 10 billion yuan in Chongqing in its portfolio, Shui On Group chairman Vincent Lo Hong-sui said yesterday. Mr Lo set up Shui On Land in February as a vehicle for his company's property developments on the mainland, which include the Xintiandi and Rainbow City projects in Shanghai and Xihu Tiandi in Hangzhou. Shui On Group owns... https://www.scmp.com/article/462207/chongqing-stake-goes-shui-board?utm_source=rss_feed https://www.scmp.com/article/462207/chongqing-stake-goes-shui-board?utm_source=rss_feed Tue, 06 Jul 2004 16:00:00 +0000 TONGUE CHEE-HWA Chief Executive Tung Chee-hwa has had a hard time winning friends and influencing people in Hong Kong for most of his star-crossed tenure, especially among the local media. But he can take comfort that he has at least a few journalistic admirers across the border in Shenzhen. While on a factory tour in the special economic zone yesterday, Hong Kong reporters hob-nobbed with their colleagues in Shenzhen and compared notes on Shanghai mayor Han Zheng's recent trip to Hong... https://www.scmp.com/article/432872/lai-see?utm_source=rss_feed https://www.scmp.com/article/432872/lai-see?utm_source=rss_feed Wed, 29 Oct 2003 16:00:00 +0000 Mainland market is a far cry from public housing, but the developer is looking beyond the omens signposting the way Is it really just a coincidence that the Chinese characters of Vincent Lo Hong-sui's Shui On Group (Rui An in Mandarin) correspond with the beginning and end points of the Chinese Communist Party's epic Long March - Ruijing in Jiangxi province and Yan'an in Shaanxi respectively? The quirky historical coincidences do not end there. Shui On's flagship mainland property development... https://www.scmp.com/article/425357/shui-builds-its-destiny?utm_source=rss_feed https://www.scmp.com/article/425357/shui-builds-its-destiny?utm_source=rss_feed Wed, 20 Aug 2003 16:00:00 +0000 Shui On Construction's Rui Hong Xin Cheng project in Shanghai will begin to yield profits in 2003-04, according to chairman Vincent Lo Hong-sui. Development cost for the second phase had been brought down to 5,300 yuan (about HK$4,900) to 5,500 yuan per square metre, he said. https://www.scmp.com/article/389573/shui-set-reap-harvest?utm_source=rss_feed https://www.scmp.com/article/389573/shui-set-reap-harvest?utm_source=rss_feed Tue, 27 Aug 2002 16:00:00 +0000 KMB managing director John Chan Cho-chak has been named chairman of the University of Science and Technology replacing Vincent Lo Hong-shui, whose tenure ended on April 1. https://www.scmp.com/article/379335/kmb-chief-new-hkust-chairman?utm_source=rss_feed https://www.scmp.com/article/379335/kmb-chief-new-hkust-chairman?utm_source=rss_feed Fri, 10 May 2002 16:00:00 +0000 Shui On Construction and Materials plans to include more commercial and recreational features in its 40-hectare Rui Hong Xin Cheng residential project in Shanghai. Vice-chairman Wilfred Wong Ying-wai said it needed to update the project to meet demand of buyers. 'The original blueprint of the project was made in 1996. It's a bit old now because Shanghai has been changing rapidly in the past few years,' Mr Wong said. 'Although the project has excellent location, neighbouring an MTR station, we... https://www.scmp.com/article/373202/shui-revamps-shanghai-blueprint?utm_source=rss_feed https://www.scmp.com/article/373202/shui-revamps-shanghai-blueprint?utm_source=rss_feed Tue, 05 Mar 2002 16:00:00 +0000 We inadvertently used a picture of Vincent Lo Hong-sui in relation to a story about stockbrokers' minimum commission in the Business Post yesterday. We apologise for the error. https://www.scmp.com/article/370094/correction?utm_source=rss_feed https://www.scmp.com/article/370094/correction?utm_source=rss_feed Mon, 28 Jan 2002 16:00:00 +0000 Property developer Vincent Lo Hong-shui, chairman of the Shui On Group, was named DHL/SCMP Businessman of the Year last night. Mr Lo, whose Xintiandi development in Shanghai won plaudits worldwide, has been a trailblazing investor in mainland projects. He said he was delighted with his win and, with difficult economic times ahead, dedicated the award to Shui On's workforce. 'The current economic situation in Hong Kong is very difficult and the short-term scenario is not promising. We will... https://www.scmp.com/article/365505/shui-chief-wins-recognition-innovation-and-leadership?utm_source=rss_feed https://www.scmp.com/article/365505/shui-chief-wins-recognition-innovation-and-leadership?utm_source=rss_feed Thu, 06 Dec 2001 16:00:00 +0000 Shui On Construction & Materials could see sharp declines in net profit over the next two years following significant changes in Government housing policy, says chairman Vincent Lo Hong-sui (pictured). He says cuts in production of subsidised housing are hurting the Hong Kong construction sector. The group recently secured two new contracts - Pak Tin Estate Redevelopment phases three and four and Castle Peak Hospital phase-two stage-two - worth a total of HK$1 billion. Mr Lo said the profit... https://www.scmp.com/article/355664/shui-construction-materials-could-see-declines-net-profit?utm_source=rss_feed https://www.scmp.com/article/355664/shui-construction-materials-could-see-declines-net-profit?utm_source=rss_feed Tue, 21 Aug 2001 16:00:00 +0000 Shui On Construction and Materials will acquire a large residential project in Shanghai from its major shareholder for 185 million yuan (about HK$173 million) in a first and significant step into the mainland property market. The project, Rui Hong Xin Cheng, in Hongkou district of Puxi, comprises high-rise residential development of up to 1.42 million square metres, a 250,000 square metre shopping centre and 50,000 square metres of amenities. Originally 99 per cent owned by Shui On Properties,... https://www.scmp.com/article/345869/shui-construction-takes-173m-step-shanghai-development?utm_source=rss_feed https://www.scmp.com/article/345869/shui-construction-takes-173m-step-shanghai-development?utm_source=rss_feed Wed, 02 May 2001 16:00:00 +0000 Shui On Group, privately controlled by Vincent Lo Hong-sui, is expanding its property interests in Shanghai with ambitious plans to establish an 18,000-unit housing estate over the next 11 years. Rui Hong Xin Cheng, in the Hongkou district, is the company's second large property investment in the city following the completion of the $1.2 billion Shui On Centre commercial development early last year. Development costs of the first-phase residential project will be $1 billion, bringing total... https://www.scmp.com/article/263532/shui-expands-shanghai-holdings?utm_source=rss_feed https://www.scmp.com/article/263532/shui-expands-shanghai-holdings?utm_source=rss_feed Tue, 24 Nov 1998 16:00:00 +0000 Shui On Construction and Materials says it is seeking new partners to help purchase two mainland cement plants after its original partner pulled out of the venture. Shui On directors said shareholders of Far East Cement Co had decided not to press ahead with the purchase of the two plants from the Nanjing Changjiang Cement (Group). Shui On said it was in talks with a number of other international construction materials groups to replace Far East. It said it would make an announcement as... https://www.scmp.com/article/219919/shui-looks-partners?utm_source=rss_feed https://www.scmp.com/article/219919/shui-looks-partners?utm_source=rss_feed Wed, 19 Nov 1997 16:00:00 +0000 BUSINESSMAN Vincent Lo Hong-sui yesterday proposed that Government officials be appointed to sit on China's body overlooking transitional matters to ensure a smooth handover in 1997. As a member of the Preliminary Working Committee (PWC) for the Special Administrative Region Preparatory Committee, Mr Lo urged the Government to correct its decision to restrict government officials from meeting PWC members. Noting that the limited resources in the PWC secretariat had hampered the body from... https://www.scmp.com/article/55359/call-hk-officials-join-pwc?utm_source=rss_feed https://www.scmp.com/article/55359/call-hk-officials-join-pwc?utm_source=rss_feed Fri, 10 Dec 1993 16:00:00 +0000 POLITICAL and business heavyweight Vincent Lo Hong-sui seems certain to continue as chairman of the influential Business and Professionals Federation (BPF), despite earlier suggestions he would stand down. Formed in 1991, the BPF holds its third annual meeting tomorrow and nominations for its 16 executive committee seats ended last Friday. Only 16 nominations were received and all candidates are expected to be elected. New candidates include Raymond Ch'ien Kuo-feng, Executive Councillor and... https://www.scmp.com/article/34899/lo-stay-business-group-head?utm_source=rss_feed https://www.scmp.com/article/34899/lo-stay-business-group-head?utm_source=rss_feed Sun, 27 Jun 1993 16:00:00 +0000