Sino Group

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Sino Group
信和集團
TypePrivately held company
IndustryProperty and Hotel
Founded1970
FounderNg Teng Fong
Headquarters
Area served
Hong Kong
Key people
Robert Ng, Chairman & CEO
Websitewww.sino.com

Sino Group (Chinese: 信和集團) is a property company in Hong Kong. The Group comprises private holding companies owned by the Ng Family, and three publicly listed companies that include Tsim Sha Tsui Properties Limited, Sino Land Company Limited, and Sino Hotels (Holdings) Limited.

Sino Group's core business is developing residential, office, industrial and retail properties for sale and investment purposes. It also invests in hotel development, as well as hotel and club management.[1] The company has around 10,000 employees, with a significant presence in Singapore.

History[]

Sino Group was founded in the 1970s. Tsim Sha Tsui Properties Limited, a holding company of Sino Land Company Limited, was publicly listed in the Hong Kong Stock Exchange in 1972. Sino Land Company Limited was publicly listed in the Hong Kong Stock Exchange in 1981. In 1995, it became a constituent stock of the Hang Seng Index. In 1995, Sino Land Company Limited spun off its hospitality business interests to create the publicly listed Sino Hotels (Holdings) Limited in the Hong Kong Stock Exchange. In Aug 2020, Hang Seng Indexes Company releases the results of the second quarter review of the Hang Seng Family of Indexes, which confirmed the removal of Sino Land from the HSI.[2]

Senior Leadership[]

List of chairmen[]

  1. Ng Teng Fong (1970–1991); founder
  2. Robert Ng (1991– ); son of Ng Teng Fong

Tsim Sha Tsui Properties[]

Tsim Sha Tsui Properties Limited
尖沙咀置業集團有限公司
TypeListed company
SEHK247
IndustryProperties
Founded1972
FounderMr. Ng Teng Fong
Headquarters
Hong Kong
,
China
Area served
Hong Kong
Key people
Chairman: Mr. Robert Ng
SubsidiariesSino Land (53.95%)

Tsim Sha Tsui Properties Limited focuses on investing in properties in Hong Kong. The holding company invests in commercial, residential, and industrial properties, as well as provides a variety of other related services through its subsidiaries. Other businesses include financing and management, security and administration, project management, and cleaning.[3]

Ownership[]

The company is owned by the descendant of the late Singaporean billionaire Ng Teng-fong.[4] As of 2019, Ng family controlled companies owned 72% shares of Tsim Sha Tsui Properties, which Ng Teng-fong's sons Philip Ng Chee-tat and TST Properties Chairman Robert Ng were deemed as beneficial owners of the listed company.[5]: 90, 102 

Board[]

Tsim Sha Tsui Properties' board consists of the chairman, Robert Ng, as well as two executive directors:[6]

  • Raymond Tong Kwok Tung (唐國通)
  • Daryl Ng (黃永光), the eldest son of chairman Robert Ng

And four non-executive directors:[6]

Sino Land[]

Sino Land Company Limited is a major property developer of Hong Kong. It is a member of Sino Group owned by Singaporean Ng Teng Fong family.[7] It is mainly engaged in real estate development for sales and investment. It was listed on the Stock Exchange of Hong Kong in 1981. In 1995, it became a constituent stock of the Hang Seng Index (blue chip stock).[8] Sino Land is majority (53.95%) owned by Tsim Sha Tsui Properties.[5][9]

Sino Land's board consists of the chairman, Robert Ng, as well as four executive directors:[10]

  • Daryl Ng Win Kong (黃永光), the eldest son of chairman Robert Ng
  • Ringo Chan Wing Kwong (陳榮光)
  • Alice Ip Mo Lin (葉慕蓮)
  • Gordon Lee Ching Keung (李正強)

And other non-executive directors:[10]

See also[]

References[]

  1. ^ "About Sino Group".
  2. ^ "Alibaba, Xiaomi, WuXi Biologics win green light to join the Hang Seng Index on September 7". SCMP. Enoch Yiu. 14 August 2020. Retrieved 19 November 2020.
  3. ^ Tsim Sha Tsui Properties Co., Ltd.
  4. ^ Sino Land[dead link]
  5. ^ a b 2019 Annual Report (PDF) (Report). Tsim Sha Tsui Properties. 2019. Retrieved 23 January 2020 – via Hong Kong Exchanges and Clearing Limited website.
  6. ^ a b Management profile, Tsim Sha Tsui Properties Limited, retrieved 2009-07-16
  7. ^ Sino Group Profile
  8. ^ Sino Land Company History
  9. ^ Sino Land doubles underlying profit
  10. ^ a b Management Profile, Sino Land Company Limited. Chinese version here.

External links[]

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