Hongkong Chinese Limited is a Bermuda-incorporated Hong Kong listed company. It was the holding company of Hongkong Chinese Bank, which was sold in 2002. The listed company now engaged in real estate development in China and had properties in Singapore. Hongkong Chinese Limited is an indirect subsidiary of Lippo Capital, which was owned by Indonesian entrepreneur Mochtar Riady and his family members. The chairman of Hongkong Chinese Limited, Stephen Riady, is the son of Mochtar.
Hongkong Chinese Limited
logo of Hongkong Chinese Limited, same as Lippo group
The HKCB Bank Holding Company Limited was incorporated in 1992 (and registered as a foreign company in Hong Kong on 20 October 1992). In 2001, the subsidiary Hongkong Chinese Bank was sold to CITIC Ka Wah Bank for HK$4.2 billion.[2][3] The holding company itself was renamed to Hongkong Chinese Limited on 8 February 2002.[4] In the same year 85% shares of Macau Chinese Bank[5] and 85% stake of ImPac Asset Management[6] were acquired, for MOP$190 million (from Finibanco [pt] and Alvaro Pinho da Costa Leite) and US$2.125 million (from ImPac Partners) respectively. An additional 15% shares of the bank were acquired from Wong Kon Kei in September 2007, for MOP$47.2 million.[7] In the same year Hongkong Chinese Limited proposed to sell 60% shares of the intermediate holding company of the bank, Winwise Holdings Limited.[8] However, the deal collapsed.
In 2006 Hongkong Chinese Limited, partnering Argyle Street Management, acquired Kim Seng Plaza, Singapore.[9]
In June 2015, 49% shares of Macau Chinese Bank was sold to Chinese state-owned Nam Yue Group (40%) and Yang Jun (9%) respectively for MOP$441 million.[10] Hongkong Chinese Limited remained as the major shareholder for 51% shares. In October 2015, an additional 31% shares were sold to Nam Yue Group (16%) and Wong Kar Ho (15%) for MOP$279 million, subject to the approval of the Monetary Authority of Macau.[11][12]
Ownershipedit
In 1998, China Resources Enterprise acquired 50% shares of HKCB Bank Holding's parent company: Lippo CRE (Financial Services) Limited,[13] which owned 58.78% shares of HKCB Bank Holding in 2001, the rest of the shares of Lippo CRE (Financial Services) were retained by Lippo China Resources, a listed company but also a subsidiary of Lippo Limited. In 2001, 50% shares of Lippo CRE (Financial Services) Limited and 5.84% shares of HKCB Bank Holding that were held by China Resources Enterprise directly, were sold to Lippo China Resources, for about HK$1.8 billion.[14]
In 2007, to simplify group structure, the shares of Hongkong Chinese Limited were acquired by Lippo Limited from subsidiary Lippo China Resources.
Referencesedit
^"2015–16 Annual Report" (PDF). Hongkong Chinese Limited. Hong Kong Stock Exchange. 28 July 2016. Retrieved 11 March 2017.
^"Investors stay away after sale of HKCB". South China Morning Post. 10 November 2001. Retrieved 25 August 2017.
^"Completion of Disposal of the entire issued share capital of The Hongkong Chinese Bank, Limited and its subsidiaries and Special Cash Dividend" (Microsoft Word). Hongkong Chinese Limited. Hong Kong Stock Exchange. 18 January 2002. Retrieved 12 March 2017.
^"CHANGE OF COMPANY NAME" (Microsoft Word). Hongkong Chinese Limited. Hong Kong Stock Exchange. 8 February 2002. Retrieved 12 March 2017.
^"ACQUISITION OF 85% OF THE ISSUED SHARE CAPITAL OF FINIBANCO (MACAU), S.A.R.L. BY HONGKONG CHINESE LIMITED" (PDF). Hongkong Chinese Limited, Lippo Limited & Lippo China Resources. Hong Kong Stock Exchange. 27 May 2002. Retrieved 12 March 2017.
^"Joint Announcement: Acquisition of 85% of the Issued Share Capital of ImPac Asset Management (Holdings) Ltd. by Hongkong Chinese Limited" (Microsoft Word). Hongkong Chinese Limited, Lippo Limited & Lippo China Resources. Hong Kong Stock Exchange. 13 April 2002. Retrieved 12 March 2017.
^"JOINT ANNOUNCEMENT CONNECTED TRANSACTION" (PDF). Hongkong Chinese Limited, Lippo Limited & Lippo China Resources. Hong Kong Stock Exchange. 18 July 2007. Retrieved 16 March 2017.
^"JOINT ANNOUNCEMENT: DISPOSAL OF CERTAIN INTEREST IN THE MACAU CHINESE BANK LIMITED RESUMPTION OF TRADING OF SHARES OF HONGKONG CHINESE LIMITED" (PDF). Hongkong Chinese Limited & Lippo Limited. Hong Kong Stock Exchange. 3 October 2007. Retrieved 16 March 2017.
^"HK Chinese and Argyle buy Singapore plaza". South China Morning Post. 29 November 2006. Retrieved 25 August 2017.
^"JOINT ANNOUNCEMENT DISCLOSEABLE TRANSACTION DISPOSAL OF AND ACCEPTANCE OF PUT OPTION RELATING TO THE INTERESTS IN THE MACAU CHINESE BANK LIMITED" (PDF). Hongkong Chinese Limited, Lippo Limited. Hong Kong Stock Exchange. 26 June 2015. Retrieved 14 March 2017.
^"JOINT ANNOUNCEMENT MAJOR AND CONNECTED TRANSACTION DISPOSAL OF ADDITIONAL 31% INTERESTS IN THE MACAU CHINESE BANK LIMITED" (PDF). Hongkong Chinese Limited, Lippo Limited. Hong Kong Stock Exchange. 28 October 2015. Retrieved 14 March 2017.
^Filipe, João Santos (29 October 2015). "Nam Yue to secure majority stake in Macau Chinese Bank". Macau Business Daily. Retrieved 25 August 2017.
^"CRE will become the controlling shareholder of HKCB with 60.6% stake" (PDF). China Resources Enterprise. 2 July 1998. Retrieved 16 March 2017.
^"CRE disposed of its effective interest of 35.23% in HKCB Holding for HK$1.8 billion" (PDF). China Resources Enterprise. 1 November 2001. Retrieved 16 March 2017.
External linksedit
Official website(in Chinese)
April 13, 2024
hongkong, chinese, limited, bermuda, incorporated, hong, kong, listed, company, holding, company, hongkong, chinese, bank, which, sold, 2002, listed, company, engaged, real, estate, development, china, properties, singapore, indirect, subsidiary, lippo, capita. Hongkong Chinese Limited is a Bermuda incorporated Hong Kong listed company It was the holding company of Hongkong Chinese Bank which was sold in 2002 The listed company now engaged in real estate development in China and had properties in Singapore Hongkong Chinese Limited is an indirect subsidiary of Lippo Capital which was owned by Indonesian entrepreneur Mochtar Riady and his family members The chairman of Hongkong Chinese Limited Stephen Riady is the son of Mochtar Hongkong Chinese Limitedlogo of Hongkong Chinese Limited same as Lippo groupFormerlyThe HKCB Bank HoldingCompany typepublicTraded asSEHK 655IndustryReal estate equity investmentFounded20 October 1992 1992 10 20 Headquarters24 th Tower 1 Lippo Centre Hong Kong Island Hong KongKey peopleStephen Riady chairman John Lee CEO RevenueHK 0 1 327 billion 2015 16 Net incomeHK 00 204 million 2015 16 Total assetsHK 11 417 billion 2015 16 Total equityHK 10 501 billion 2015 16 OwnerRiady family via Lippo Limited 65 84 Farallon Capital 0 9 98 public shareholders 24 18 ParentLippo Limited SEHK 226 Websitehkchinese com hkFootnotes referencesin consolidated financial statement financial year ended on 31 March 1 Contents 1 History 2 Ownership 3 References 4 External linksHistory editThe HKCB Bank Holding Company Limited was incorporated in 1992 and registered as a foreign company in Hong Kong on 20 October 1992 In 2001 the subsidiary Hongkong Chinese Bank was sold to CITIC Ka Wah Bank for HK 4 2 billion 2 3 The holding company itself was renamed to Hongkong Chinese Limited on 8 February 2002 4 In the same year 85 shares of Macau Chinese Bank 5 and 85 stake of ImPac Asset Management 6 were acquired for MOP 190 million from Finibanco pt and Alvaro Pinho da Costa Leite and US 2 125 million from ImPac Partners respectively An additional 15 shares of the bank were acquired from Wong Kon Kei in September 2007 for MOP 47 2 million 7 In the same year Hongkong Chinese Limited proposed to sell 60 shares of the intermediate holding company of the bank Winwise Holdings Limited 8 However the deal collapsed In 2006 Hongkong Chinese Limited partnering Argyle Street Management acquired Kim Seng Plaza Singapore 9 In June 2015 49 shares of Macau Chinese Bank was sold to Chinese state owned Nam Yue Group 40 and Yang Jun 9 respectively for MOP 441 million 10 Hongkong Chinese Limited remained as the major shareholder for 51 shares In October 2015 an additional 31 shares were sold to Nam Yue Group 16 and Wong Kar Ho 15 for MOP 279 million subject to the approval of the Monetary Authority of Macau 11 12 Ownership editIn 1998 China Resources Enterprise acquired 50 shares of HKCB Bank Holding s parent company Lippo CRE Financial Services Limited 13 which owned 58 78 shares of HKCB Bank Holding in 2001 the rest of the shares of Lippo CRE Financial Services were retained by Lippo China Resources a listed company but also a subsidiary of Lippo Limited In 2001 50 shares of Lippo CRE Financial Services Limited and 5 84 shares of HKCB Bank Holding that were held by China Resources Enterprise directly were sold to Lippo China Resources for about HK 1 8 billion 14 In 2007 to simplify group structure the shares of Hongkong Chinese Limited were acquired by Lippo Limited from subsidiary Lippo China Resources References edit 2015 16 Annual Report PDF Hongkong Chinese Limited Hong Kong Stock Exchange 28 July 2016 Retrieved 11 March 2017 Investors stay away after sale of HKCB South China Morning Post 10 November 2001 Retrieved 25 August 2017 Completion of Disposal of the entire issued share capital of The Hongkong Chinese Bank Limited and its subsidiaries and Special Cash Dividend Microsoft Word Hongkong Chinese Limited Hong Kong Stock Exchange 18 January 2002 Retrieved 12 March 2017 CHANGE OF COMPANY NAME Microsoft Word Hongkong Chinese Limited Hong Kong Stock Exchange 8 February 2002 Retrieved 12 March 2017 ACQUISITION OF 85 OF THE ISSUED SHARE CAPITAL OF FINIBANCO MACAU S A R L BY HONGKONG CHINESE LIMITED PDF Hongkong Chinese Limited Lippo Limited amp Lippo China Resources Hong Kong Stock Exchange 27 May 2002 Retrieved 12 March 2017 Joint Announcement Acquisition of 85 of the Issued Share Capital of ImPac Asset Management Holdings Ltd by Hongkong Chinese Limited Microsoft Word Hongkong Chinese Limited Lippo Limited amp Lippo China Resources Hong Kong Stock Exchange 13 April 2002 Retrieved 12 March 2017 JOINT ANNOUNCEMENT CONNECTED TRANSACTION PDF Hongkong Chinese Limited Lippo Limited amp Lippo China Resources Hong Kong Stock Exchange 18 July 2007 Retrieved 16 March 2017 JOINT ANNOUNCEMENT DISPOSAL OF CERTAIN INTEREST IN THE MACAU CHINESE BANK LIMITED RESUMPTION OF TRADING OF SHARES OF HONGKONG CHINESE LIMITED PDF Hongkong Chinese Limited amp Lippo Limited Hong Kong Stock Exchange 3 October 2007 Retrieved 16 March 2017 HK Chinese and Argyle buy Singapore plaza South China Morning Post 29 November 2006 Retrieved 25 August 2017 JOINT ANNOUNCEMENT DISCLOSEABLE TRANSACTION DISPOSAL OF AND ACCEPTANCE OF PUT OPTION RELATING TO THE INTERESTS IN THE MACAU CHINESE BANK LIMITED PDF Hongkong Chinese Limited Lippo Limited Hong Kong Stock Exchange 26 June 2015 Retrieved 14 March 2017 JOINT ANNOUNCEMENT MAJOR AND CONNECTED TRANSACTION DISPOSAL OF ADDITIONAL 31 INTERESTS IN THE MACAU CHINESE BANK LIMITED PDF Hongkong Chinese Limited Lippo Limited Hong Kong Stock Exchange 28 October 2015 Retrieved 14 March 2017 Filipe Joao Santos 29 October 2015 Nam Yue to secure majority stake in Macau Chinese Bank Macau Business Daily Retrieved 25 August 2017 CRE will become the controlling shareholder of HKCB with 60 6 stake PDF China Resources Enterprise 2 July 1998 Retrieved 16 March 2017 CRE disposed of its effective interest of 35 23 in HKCB Holding for HK 1 8 billion PDF China Resources Enterprise 1 November 2001 Retrieved 16 March 2017 External links editOfficial website in Chinese Retrieved from https en wikipedia org w index php title Hongkong Chinese Limited amp oldid 1159272224, 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