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Hong Kong Parkview Group

Joy City Property
Formerly called
Ming Ren Investment & Enterprises (1973–1992)
Ming Ren Holding (1992–93)
The Hong Kong Parkview Group (1993–2013)
COFCO Land Holdings (2013–2015)
Public company
Traded as 0207
Genre Property Development
Founded 28 October 1992 (1992-10-28)
Founder Hwang Chou-Shiuan
Headquarters Hong Kong (de facto)
Bermuda (incorporated)
Key people
Zhou Zheng (Chairman)
HK$ 41,774,880 (2010–11)
HK$ 31,566,290 (2010–11)
Total assets HK$ 366,102,675 (2010–11)
Total equity HK$ 164,345,359 (2010–11)
Parent COFCO
Website joy-cityproperty.com
Footnotes / references

Joy City Property Limited (Chinese: 大悅城地產有限公司), is a listed company of Hong Kong, but incorporated in Bermuda.

The holding company/majority shareholder of the group is "Kompass International Limited", which all four executive directors of the group, George Wong, Victor Hwang, Richard Hwang and Tony Hwang were the shareholders. (Wong/Hwang both were the romanization of Chinese surname (Chinese: )) Moreover, the second largest shareholder, High Return Trading Limited, is owned by George Wong. Lastly, Huang Jian-quan (Huang is another romanization of the Chinese surname (Chinese: , literally "Yellow")), owned 7.47% shares as of 31 March 2011, who has no known relation with the Wong family. "Multi-Power International Limited" also owned 7.47% shares, made less than 15% shares were held by the public.

Wong family and its company Chyau Fwu was the developer of Hong Kong Parkview, one of the largest residential project in the southern Hong Kong Island, the Chinese name of the real estate has a similar name with Yangmingshan, which the family business originated from that country. Wong family injected the family asset on Hong Kong Parkview, to the group by issuing new shares, made Wong family owned more than 80% interest in the group. The group was engaged in the charter hire of vessels until Wong family (through Chyau Fwu Development Ltd.) acquired the majority shares in 1990, from Sze Ka-Shuen (Mr. Sze) to complete a backdoor listing.

The group also had numbers of properties in Hong Kong, namely 13 blocks out of 16 of Manchester Lodge, 11/F of World-Wide House (re-acquired in 2010), the freehold of Battersea Power Station, and nearly 80,000 sq.ft. of residential flat of Hong Kong Parkview, a unit in the G/F of Admiralty Centre, which were sold back to Wong family in 2001 for HK$833,392,140 Special dividend was received by shareholders, which in turn Wong family received most, made the equity of the group fell from HK$1,277,549,366 to HK$217,339,024.


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