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{{Use dmy dates|date=April 2013}}
{{Use dmy dates|date=March 2023}}
{{Infobox company
{{Infobox company
| name = Hang Lung Group <br /> 恆隆集團有限公司
| name = Hang Lung Group <br /> 恆隆集團有限公司
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| foundation = 13 September 1960
| foundation = 13 September 1960
| founder = [[T.H. Chan]]
| founder = [[T.H. Chan]]
| location =
| location = 28/F Standard Chartered Bank Building, Hong Kong
| location_city = Hong Kong
| area_served = Hong Kong<br />Mainland China
| area_served = Hong Kong
| key_people = [[Ronnie Chan]] (Chairman)
| key_people = [[Ronnie Chan]] (Chairman)
| products =
| products =
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| divisions =
| divisions =
| subsid = [[Hang Lung Properties]]
| subsid = [[Hang Lung Properties]]
| location_country = Hong Kong
| origins =
| origins =
| company_slogan =
| company_slogan =
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}}
}}


'''Hang Lung Group''' is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses.<ref>{{Cite web|url=https://www.reuters.com/finance/stocks/company-profile/0010.HK|title=Hang Lung Group Ltd (0010.HK) Company Profile|last=|first=|website=Reuters|language=en|access-date=2018-07-17}}</ref> Its subsidiary [[Hang Lung Properties]] is one of the largest [[property developers in Hong Kong]], and also invests in the [[Mainland China]] market. {{As of|2018}}, Hang Lung Group ranked number 1501 in the [[Forbes Global 2000]] list.<ref>{{Cite news|url=https://www.forbes.com/companies/hang-lung-group/|title=Hang Lung Group on the Forbes Global 2000 List|work=Forbes|access-date=2018-07-17|language=en}}</ref>
'''Hang Lung Group''' is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses.<ref>{{Cite web|url=https://www.reuters.com/finance/stocks/company-profile/0010.HK|title=Hang Lung Group Ltd (0010.HK) Company Profile|agency=Reuters|language=en|access-date=2018-07-17}}</ref> Its subsidiary [[Hang Lung Properties]] is one of the largest [[property developers in Hong Kong]] and also invests in the [[mainland China]] market. {{As of|2018}}, Hang Lung Group ranked number 1501 in the [[Forbes Global 2000]] list.<ref>{{Cite news|url=https://www.forbes.com/companies/hang-lung-group/|title=Hang Lung Group on the Forbes Global 2000 List|work=Forbes|access-date=2018-07-17|language=en}}</ref>


==History==
==History==
Hang Lung Group was founded by [[T.H. Chan]] on 13 September 1960, and is now one of Hong Kong's biggest real estate developers.<ref name=HangLungGroup/> For the first 32 years, the Group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the [[MTR|Mass Transit Railway]]. The Hong Kong market suffered from a temporary collapse during the early 1980s due to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes.<ref name=HangLungGroup>{{cite web|title=Corporate Profile|url=http://www.hanglung.com/en/hang-lung-group/about-us/corporate-profile.aspx|work=Hang Lung Group Limited|accessdate=2 April 2013}}</ref>
Hang Lung Group was founded by [[T.H. Chan]] on 13 September 1960 and is now one of Hong Kong's biggest real estate developers.<ref name=HangLungGroup/> For the first 32 years, the group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the [[MTR|Mass Transit Railway]]. The Hong Kong market suffered from a temporary collapse during the early 1980s owing to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes.<ref name=HangLungGroup>{{cite web|title=Corporate Profile|url=http://www.hanglung.com/en/hang-lung-group/about-us/corporate-profile.aspx|work=Hang Lung Group Limited|accessdate=2 April 2013|archive-date=10 March 2015|archive-url=https://web.archive.org/web/20150310042627/http://www.hanglung.com/en/hang-lung-group/about-us/corporate-profile.aspx|url-status=dead}}</ref>


In 1988, it gained control of [[Parry Corporation]] in Australia.<ref>[https://trove.nla.gov.au/newspaper/article/102077089 Hang Ling moves on Parry Corp] ''[[Canberra Times]]'' 5 April 1988 page 13</ref><ref>[https://web.archive.org/web/20200424072859/https://www.afr.com/politics/hang-lung-may-take-a-bigger-slice-of-parry-19880512-k2t0u Hang Lung May Take a Bigger Slice of Parry] ''[[Australian Financial Review]]'' 12 May 1988</ref> On 1 January 1991, [[Ronnie Chan]] took over as the group's chairman.<ref name=HangLungGroup/> He foresaw the opportunity to invest in the [[Mainland China]] market due to its rapid economic growth. Its first step into the Mainland, in Shanghai in 1992, was with two landmark properties, [[Plaza 66]] and [[Grand Gateway Shanghai|Grand Gateway 66]]. Following the success of its Shanghai projects, the group continued to expand its business to others parts of the mainland such as [[Shenyang]], [[Jinan]], [[Wuxi]], [[Tianjin]], [[Dalian]], [[Kunming]], and [[Wuhan]].<ref name=HangLungGroup/>
In 1988, it gained control of [[Parry Corporation]] in Australia.<ref>[https://trove.nla.gov.au/newspaper/article/102077089 Hang Ling moves on Parry Corp] ''[[Canberra Times]]'' 5 April 1988 page 13</ref><ref>[https://web.archive.org/web/20200424072859/https://www.afr.com/politics/hang-lung-may-take-a-bigger-slice-of-parry-19880512-k2t0u Hang Lung May Take a Bigger Slice of Parry] ''[[Australian Financial Review]]'' 12 May 1988</ref> On 1 January 1991, [[Ronnie Chan]] took over as the group's chairman.<ref name=HangLungGroup/> He foresaw the opportunity to invest in the [[mainland China]] market owing to its rapid economic growth. Its first step into the mainland, in Shanghai in 1992, was with two landmark properties, [[Plaza 66]] and [[Grand Gateway Shanghai|Grand Gateway 66]]. Following the success of its Shanghai projects, the group continued to expand its business to other parts of the mainland such as [[Shenyang]], [[Jinan]], [[Wuxi]], [[Tianjin]], [[Dalian]], [[Kunming]], and [[Wuhan]].<ref name=HangLungGroup/>


=== List of Chairmen ===
=== List of chairmen ===


# [[T.H. Chan]] (1960–1986); founder
# [[T.H. Chan]] (1960–1986); founder
# Thomas Chen Tseng-tao (1986–1991); brother of T.H. Chan
# Thomas Chen Tseng-tao (1986–1991); brother of T.H. Chan
# [[Ronnie Chan]] (1991– ); son of T.H. Chan
# [[Ronnie Chan]] (1991–2024); son of T.H. Chan
# Adriel Chan (as from April 2024); son of Ronnie Chan


==See also==
==See also==

Latest revision as of 18:06, 22 November 2024

Hang Lung Group
恆隆集團有限公司
Company typePublic
SEHK: 10
IndustryReal estate, car park, property management, dry cleaning
Founded13 September 1960
FounderT.H. Chan
Headquarters28/F Standard Chartered Bank Building, Hong Kong
Area served
Hong Kong
Mainland China
Key people
Ronnie Chan (Chairman)
SubsidiariesHang Lung Properties
WebsiteHang Lung Group

Hang Lung Group is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses.[1] Its subsidiary Hang Lung Properties is one of the largest property developers in Hong Kong and also invests in the mainland China market. As of 2018, Hang Lung Group ranked number 1501 in the Forbes Global 2000 list.[2]

History

[edit]

Hang Lung Group was founded by T.H. Chan on 13 September 1960 and is now one of Hong Kong's biggest real estate developers.[3] For the first 32 years, the group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the Mass Transit Railway. The Hong Kong market suffered from a temporary collapse during the early 1980s owing to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes.[3]

In 1988, it gained control of Parry Corporation in Australia.[4][5] On 1 January 1991, Ronnie Chan took over as the group's chairman.[3] He foresaw the opportunity to invest in the mainland China market owing to its rapid economic growth. Its first step into the mainland, in Shanghai in 1992, was with two landmark properties, Plaza 66 and Grand Gateway 66. Following the success of its Shanghai projects, the group continued to expand its business to other parts of the mainland such as Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan.[3]

List of chairmen

[edit]
  1. T.H. Chan (1960–1986); founder
  2. Thomas Chen Tseng-tao (1986–1991); brother of T.H. Chan
  3. Ronnie Chan (1991–2024); son of T.H. Chan
  4. Adriel Chan (as from April 2024); son of Ronnie Chan

See also

[edit]

References

[edit]
  1. ^ "Hang Lung Group Ltd (0010.HK) Company Profile". Reuters. Retrieved 17 July 2018.
  2. ^ "Hang Lung Group on the Forbes Global 2000 List". Forbes. Retrieved 17 July 2018.
  3. ^ a b c d "Corporate Profile". Hang Lung Group Limited. Archived from the original on 10 March 2015. Retrieved 2 April 2013.
  4. ^ Hang Ling moves on Parry Corp Canberra Times 5 April 1988 page 13
  5. ^ Hang Lung May Take a Bigger Slice of Parry Australian Financial Review 12 May 1988
[edit]
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