Hong Kong and Yaumati Ferry Company
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| Public (SEHK: 0050) | |
| Industry | Transport |
| Founded | 1897 |
| Headquarters | Tsing Yi, Hong Kong |
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Key people
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Colin Lam Ko Yin, Chairman Dr David Ho, General Manager |
| Products | Ferry, Property |
| Revenue | HKD 764m (2005) |
| HKD 243m | |
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Number of employees
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400 |
| Website | http://www.hkf.com/ |
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Footnotes / references Associate of Henderson Land Development |
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The Hongkong and Yaumati Ferry Company Limited (Chinese: 香港油蔴地小輪有限公司), HYF, is a ferry company founded in 1897 in Hong Kong. It is commonly known as Yaumati Ferry (油蔴地小輪). After restructuring the company in 1989, it became a subsidiary of Hong Kong Ferry (Holdings) Company Limited (香港小輪(集團)有限公司).
The company extended its business from ferry into property development and investment, shipyard, travel and hotel, with 400 staff.
The original company was founded by a Chinese business man named Lau Tak Po in 1897 during the Colonial Hong Kong era. At the time he purchased 5 wooden boats and provided services exclusively to Kowloon under the company name "Yaumati Ferry".
In 1924 Yaumati Ferry obtained the franchise license for the rights to the transportation route, blocking off competition from Star Ferry company. As a result, the Yaumati Ferry company became the largest Chinese-owned company in the world at that point in time, profiting from the transportation demand of Kowloon expansion.
The company later became "Hong Kong and Yaumati Ferry". This included the vehicular ferry which served to transport motor vehicles across Victoria Harbour for many years (1933 to 1998) prior to the opening of the Cross Harbour Tunnel, Eastern Harbour Tunnel and Western Harbour Tunnel in 1972, 1989 and 1997. The company decided to give up the ferry licenses in 1999, and these licenses were transferred to the New World First Ferry on 15 January 2000.
According to official documents, Henderson Investment Ltd. is the company's largest shareholder, beneficially owning 31.33% of the share capital of the Company as at 31 December 2005. Henderson chairman Dr. Lee Shau Kee and Vice Chairman Colin Lam are also Directors of the Company.
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