Industry Conglomerate Founder Teddy Wang Type of business Private | CEO Sunny Yeung (Oct 2013–) Founded 1974 | |
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Headquarters 35-38/F, Nina Tower 2, No.8 Yeung Uk Road, Tsuen Wan, Hong Kong Key people Wang Din Sin (王廷歆), Teddy Wang (王德輝), Nina Wang (龔如心), Kung Yan-sum (龔仁心) Products Real estate, Entertainment, Hotel and Investment Net income HKD 250 million (2011) [1] Website | ||
Chinachem Group (Chinese: 華懋集團) is a corporate group established in Hong Kong by Teddy Wang (王德輝)'s father Wang Din Sin (王廷歆). [2]
Contents
The early years of the group were dedicated to exploration of and investment in agricultural projects and chemicals. In the 1960s, the Group shifted its focus to the property development, and has been one of the largest property development in Hong Kong since mid-1970s.[3]
After Teddy Wang (王德輝)'s kidnapping and disappearance in 1990, his wife Nina Wang (龔如心) took over the company as the "Chairlady" and built it into a major property developer, making her the richest woman in Asia.[4]
After the death of Nina Wang (龔如心), her brother Kung Yan-sum (龔仁心) has been serving as the Acting Chairman of the Group.
Property and hotels
The Chinachem Group has built over 300 tower blocks in Hong Kong, the most famous of which is Nina Tower.
The following are some of Chinachem Group's completed developments:
Listing
The Chinachem Group is privately owned. The Group has been seeking a listing since 1988 but is currently not listed in any stock markets.[5] It was also rumoured that Group might inject assets into its listed affiliates like Enm Holdings Limited and Dan Form Holdings Company Limited in recent years.[6]