Company type | public |
---|---|
SEHK: 715 | |
Industry | Real Estate |
Founded | 2001 |
Defunct | 2014 |
Successor | China Oceanwide Holdings Limited |
Headquarters |
|
Area served | mainland China |
Key people | Canning Fok (Chairman) |
Revenue | HK$88.4 million (2013) |
HK$174.7 million (2013) | |
Total assets | HK$6.553 billion (2013) |
Total equity | HK$6.101 billion (2013) |
Owner | Hutchison Whampoa (71.36%) |
Parent | Hutchison Whampoa |
Footnotes / references in a consolidated basis [1] |
Hutchison Harbour Ring Limited was a Bermuda incorporated company based in Hong Kong. The company was sold to Oceanwide Holdings in December 2014. [2]
It was a holding company that manufactures and markets toys, premiums, telecommunication accessories and electronic products. Its products are mainly sold to the United States and Europe. [3] However, it was transformed into a real estate company, which owned various floors of Harbour Ring Plaza and Harbour Ring Huangpu Centre, both in Shanghai, via two subsidiaries. State-owned enterprise Gold Bund Group was the minority shareholder of both subsidiaries, which offered to the public to buy in 2017. [4] [5]
Hutchison Harbour Ring Limited, formerly Harbour Ring International Holding Limited, was founded by Dr. Luk Chung Lam ( Chinese: 陸宗霖) family. It was listed on the Hong Kong Stock Exchange in 1991. In 2000, Hutchison Whampoa coped with[ clarification needed] ICG, a Nasdaq-traded electronic commerce company, to acquire Harbour Ring to build electronic commerce businesses in Asia during the Internet bubble period. [6] In 2001, it was renamed to Hutchison Harbour Ring Limited. [7]
In November 2014, Hutchison Whampoa sold a 71.4% majority stake in the company to the Chinese real estate developer Oceanwide Holdings for HK$3.82 billion ($493 million), which activate the mandatory public offer to buy the remain offer from the market. [8] [2] Eventually the company remained as a public company, with new name, new business, new assets as China Oceanwide Holdings Limited.
Company type | public |
---|---|
SEHK: 715 | |
Industry | Real Estate |
Founded | 2001 |
Defunct | 2014 |
Successor | China Oceanwide Holdings Limited |
Headquarters |
|
Area served | mainland China |
Key people | Canning Fok (Chairman) |
Revenue | HK$88.4 million (2013) |
HK$174.7 million (2013) | |
Total assets | HK$6.553 billion (2013) |
Total equity | HK$6.101 billion (2013) |
Owner | Hutchison Whampoa (71.36%) |
Parent | Hutchison Whampoa |
Footnotes / references in a consolidated basis [1] |
Hutchison Harbour Ring Limited was a Bermuda incorporated company based in Hong Kong. The company was sold to Oceanwide Holdings in December 2014. [2]
It was a holding company that manufactures and markets toys, premiums, telecommunication accessories and electronic products. Its products are mainly sold to the United States and Europe. [3] However, it was transformed into a real estate company, which owned various floors of Harbour Ring Plaza and Harbour Ring Huangpu Centre, both in Shanghai, via two subsidiaries. State-owned enterprise Gold Bund Group was the minority shareholder of both subsidiaries, which offered to the public to buy in 2017. [4] [5]
Hutchison Harbour Ring Limited, formerly Harbour Ring International Holding Limited, was founded by Dr. Luk Chung Lam ( Chinese: 陸宗霖) family. It was listed on the Hong Kong Stock Exchange in 1991. In 2000, Hutchison Whampoa coped with[ clarification needed] ICG, a Nasdaq-traded electronic commerce company, to acquire Harbour Ring to build electronic commerce businesses in Asia during the Internet bubble period. [6] In 2001, it was renamed to Hutchison Harbour Ring Limited. [7]
In November 2014, Hutchison Whampoa sold a 71.4% majority stake in the company to the Chinese real estate developer Oceanwide Holdings for HK$3.82 billion ($493 million), which activate the mandatory public offer to buy the remain offer from the market. [8] [2] Eventually the company remained as a public company, with new name, new business, new assets as China Oceanwide Holdings Limited.