DOCSLIB.ORG

ANNUAL REPORT 2016/17 5-Year Financial Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANNUAL REPORT 2016/17 5-Year Financial Summary HOPEWELL HOLDINGS LIMITED Stock Code: 54 ANNUAL 2016/17 REPORT 64th Floor, Hopewell Centre 183 Queen’s Road East A Wan Chai, Hong Kong N N Tel: (852) 2528 4975 U A Fax: (852) 2861 2068 L REPORT www.hopewellholdings.com 2 0 1 6 / 1 7 Hopewell Holdings Limited, a Hong Kong-based group listed on the Stock Exchange since 1972 (stock code: 54). The Group has continuously grown and become one of the leading business conglomerates in Hong Kong. The Group is actively engaged in property development and investment, highway infrastructure, power, hotel & hospitality and other businesses. While achieving substantial long term growth, the Group recognises the vital importance of promoting sustainable development. It devotes significant resources to enhance corporate governance, promote environmental protection, make community investment, instill best workplace practices and engage stakeholders. CONTENTS 2 Financial Highlights 3 5-Year Financial Summary 4 Chairman’s Statement 10 Awards & Recognition 12 Profile of Directors 21 Management Discussion and Analysis 21 Business Review 59 Financial Review 68 Others 69 Highlights of Sustainability Report 71 Corporate Governance Report 89 Report of the Directors 101 Independent Auditor’s Report 107 Consolidated Statement of Profit or Loss and Other Comprehensive Income 108 Consolidated Statement of Financial Position 110 Consolidated Statement of Changes in Equity 111 Consolidated Statement of Cash Flows 113 Notes to the Consolidated Financial Statements 113 Company’s Statement of Financial Position 114 Notes 1 to 42 175 List of Major Properties 178 Glossary 183 Corporate Information 184 Financial Calendar Financial Highlights Revenue (HK$m) Earnings before Interest and Tax (HK$m) 10,000 9,235 2,500 2,257 9,000 1,944 1,994 8,000 2,000 870 6,590 Other Other 7,000 6,235 495 410 5,257 Segments Segments 6,000 1,500 2,330 2,513 Toll Road Toll Road 5,000 610 720 Segment 623 Segment 4,000 1,000 Investment Investment 3,000 2,408 2,463 2,406 Properties & Properties & 2,000 500 839 864 Hospitality Hospitality 764 1,000 1,499 1,570 1,614 0 0 FY15 FY16 FY17 FY15 FY16 FY17 Operating Prot* from Prime-Earning Prot Attributable to Owners of Businesses (HK$m) the Company (HK$m) 1,500 3,000 2,835 2,762 1,332 1,234 1,169 2,500 1,200 468 1,180 395 Toll Road 1,345 1,961 Revaluation 405 Investment 2,000 gain of 900 (after interest & completed 627 tax of JVs) 1,500 investment properties 600 1,000 864 Investment 764 839 1,655 Property & 1,417 1,334 300 Core Prot Hospitality 500 0 0 FY15 FY16 FY17 FY15 FY16 FY17 * Being the EBIT net of the proportional share by non-controlling interests Net Asset vs Market Value per Share (HK$) Return on Shareholders’ Equity* 60 6 53.5 54.3 55 52.2 50 4 3.6% 45 3.0% 2.8% 40 35 29.8 2 28.4 30 24.6 25 20 0 FY15 FY16 FY17 FY15 FY16 FY17 Market Value Net Asset Value Return on per Share per Share Shareholders’ Equity * Based on prot attributable to owners of the Company excluding revaluation gain of completed investment properties and attributable deferred tax 2 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2016/17 5-Year Financial Summary Consolidated Results (in HK$ million) Year ended 30 June 2013 2014 2015 2016 2017 Revenue 6,148 5,992 6,235 9,235 6,590 Turnover 1,725 2,093 1,865 1,850 2,360 Earnings before interest and tax 4,150 1,920 2,257 1,944 1,994 Profit before taxation 12,768 1,945 3,347 3,230 2,609 Taxation (295) (329) (267) (235) (386) Profit before non-controlling interests 12,473 1,616 3,080 2,995 2,223 Non-controlling interests (267) (258) (245) (233) (262) Profit attributable to owners of the Company 12,206 1,358 2,835 2,762 1,961 Consolidated Statement of Financial Position (in HK$ million) As at 30 June 2013 2014 2015 2016 2017 Completed investment properties 26,320 26,839 28,196 29,639 30,319 Property, plant and equipment 686 740 690 660 700 Properties under/for development 7,393 7,877 8,380 8,527 9,117 Interests in JVs 9,177 8,984 9,341 9,159 7,956 Amounts due from JVs (non-current) 3,513 763 – – – Other non-current assets 41 40 48 48 47 Properties held for sale (Hopewell New Town and Broadwood Twelve) 1,676 1,486 1,620 1,425 725 Amounts due from JVs (current) 690 2,251 2,070 529 305 Bank balances and cash 5,357 5,210 4,485 3,647 4,576 Other current assets 551 480 413 211 195 Total assets 55,404 54,670 55,243 53,845 53,940 Corporate bonds and bank borrowings (non-current) 4,212 3,498 4,360 2,350 1,200 Other non-current liabilities 505 536 554 595 604 Corporate bonds and bank borrowings (current) 2,965 2,625 296 200 1,150 Other current liabilities 1,210 1,119 1,227 1,347 1,379 Total liabilities 8,892 7,778 6,437 4,492 4,333 Non-controlling interests 3,269 3,117 3,276 2,841 2,361 Shareholders’ equity 43,243 43,775 45,530 46,512 47,246 Per Share Basis 2013 2014 2015 2016 2017 Basic earnings per share (HK cents) 1,397 156 325 317 225 Dividend per share (HK cents) 100 130 120 130 175 — Interim 45 50 50 55 55 — Final 55 60 70 75 75 — Special – 20# – – 45 Net asset value per share (HK$) 49.6 50.2 52.2 53.5 54.3 # Represent distribution in specie of shares in HHI Financial Ratios 2013 2014 2015 2016 2017 Net debt to shareholders’ equity (excluding equity shared from HHI Group) 6% 3% 2% Net cash Net cash Return on shareholders’ equity* 8.0%** 2.8% 3.6% 3.0% 2.8% Dividend payout ratio* 25%** 78%Δ 63% 80% 85%# * Excluding revaluation gain of completed investment properties and attributable deferred tax ** Including land conversion gain of Hopewell Centre II HK$2,249 million Δ Excluding distribution in specie of shares in HHI # Excluding special dividend HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2016/17 3 Chairman’s Statement I am pleased to report to shareholders that the Group achieved profit attributable to owners of the Company of HK$1,961 million for the financial year ended 30 June 2017. The Group’s total revenue for the year amounted to HK$6,590 million, 29% less than the previous year’s figure primarily due to the decrease in property sales recognition of The Avenue. The Group’s core profit (excluding the fair value gain of completed investment properties) attributable to owners of the Company (“core profit”) decreased to HK$1,334 million for the year under review from HK$1,417 million for the previous year. The decrease in the core profit was mainly resulted from a lower profit shared from sales of The Avenue for the year. If excluding the profit shared from sales of The Avenue, the core profit for the year increased by 32% yoy to HK$1,304 million from HK$990 million, mainly resulted from the continued healthy growth of the profits of investment properties, toll road business and property development of the Hopewell New Town project as well as a lower exchange loss from RMB depreciation. Final Dividend and Special Final Dividend The Board has proposed a final dividend of HK75 cents per share and a special final dividend of HK45 cents per share for the year ended 30 June 2017. Together with an interim dividend of HK55 cents per share paid on 22 February 2017, the total dividends for the year will amount to HK175 cents per share. Excluding the special final dividend of HK45 cents per share, this represents a payout ratio of 85% of the Company’s core profit. Subject to shareholders’ approval at the 2017 Annual General Meeting to be held on Thursday, 26 October 2017, the proposed final dividend and special final dividend will be paid on Tuesday, 7 November 2017 to shareholders of the Company registered at the close of business on Wednesday, 1 November 2017. Closure of Register of Members To ascertain shareholders’ eligibility to attend and vote at the 2017 Annual General Meeting to be held on Thursday, 26 October 2017, the Register of Members of the Company will be closed from Thursday, 19 October 2017 to Thursday, 26 October 2017, both days inclusive, during which period no transfer of shares of the Company will be effected. In order to qualify to attend and vote at the 2017 Annual General Meeting, all transfers of share ownership, accompanied by relevant share certificates, must be lodged with the Company’s Share Registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong not later than 4:30 p.m. on Wednesday, 18 October 2017. 4 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2016/17 To ascertain shareholders’ entitlement to the proposed final dividend and special final dividend, the Register of Members of the Company will be closed for one day on Wednesday, 1 November 2017, if and only if the proposed final dividend and special final dividend are approved by the shareholders at the 2017 Annual General Meeting. No transfer of shares of the Company will be effected on the aforementioned book-close date.
Load more

Recommended publications
  • Hong Kong's Role in China's Financial Reform
    The LEXIS PRACTICE ADVISOR Journal TM WINTER 2015 / 2016 www.lexispracticeadvisor.com Start your free trial today 300+ 11 900+ LEXISNEXIS.COM/FINISH-BIG OR CALL 800.628.3612 ATTORNEY PRACTICE SEARCHABLE AUTHORS AREAS DEAL POINTS Contents WINTER 2015 / 2016 PRACTICE NEWS PRACTICE PROJECTIONS 4 A BRIEFING ON EMERGING ISSUES 35 DUE DILIGENCE IN LIFE SCIENCES IMPACTING TRANSACTIONAL PRACTICE MERGERS & ACQUISITIONS Business & Commercial, Banking & Finance, Labor & Mergers & Acquisitions Employment, Securities & Capital Markets, Real Estate 46 “REGULATION A-PLUS” LIMITED PUBLIC PRACTICE NOTES OFFERINGS UNDER SECURITIES ACT 10 UNDERSTANDING THE NLRB’S SECTION 3(B)(2) POSITIONS ON REGULATING Securities & Capital Markets EMPLOYEES’ SOCIAL MEDIA USAGE Labor & Employment 52 FDA RELEASES FIRST TWO RULES UNDER THE FOOD SAFETY MODERNIZATION ACT 18 CONFIDENTIALITY, NONDISCLOSURE Business & Commercial & SECRECY AGREEMENTS IP & Technology PRACTICE POINTERS 56 DRAFTING AND NEGOTIATING EFFECTIVE PRACTICE TRENDS CLOUD COMPUTING AGREEMENTS 24 CHALLENGES OF TAXING IP & Technology THE SHARING ECONOMY Tax 66 DRAFTING ADVICE: DEVELOPING SOCIAL MEDIA POLICIES 28 CARSHARING GETS EASY Labor & Employment REGULATORY RIDE Business & Commercial JURISDICTIONAL PRACTICE 69 MANAGERS, AGENTS & ATTORNEYS PRACTICE PROFILE California Business & Commercial 31 A VIEW OF ASSET-BASED LENDING GLOBAL PRACTICE WITH DAVID W. MORSE, BANKING & FINANCE CHAIR, OTTERBOURG PC 75 HONG KONG’S ROLE IN CHINA’S FINANCIAL Banking & Finance REFORM - THE ERA OF THE “NEW NORMAL” Banking & Finance
    [Show full text]
  • Special Award Title Sponsors
    Special Award Title Sponsors Chow Tai Fook Jewellery Group Limited (Excellence in Use of Data) Citibank (Hong Kong) Limited (Excellence in Innovation) Manulife (International) Limited (Excellence in Social Media Marketing) McDonald’s Hong Kong (Excellence in Branding) Tai Hing Group Holdings Ltd. (Excellence in Marketing Collaboration) China Tonghai International Financial Ltd (Excellence in Customer Insights) Corporate Sponsors American Express International, Inc. AXA Hong Kong and Macau CLP Power Hong Kong Limited Eu Yan Sang (HK) Limited Fantastic Natural Fuji Photo Products Cosmetics Limited Company Limited The Hong Kong and Hong Kong Economic Times China Gas Company Limited HKT Limited MTR Corporation PrimeCredit Limited SKECHERS Hong Kong Limited The Standard Supporting Organizations The Hong Kong Advertisers Metro Finance Association Sales and Marketing Digital Marketing Community Executives Club CAMPAIGN AWARDS SPECIAL AWARD TITLE SPONSORS CHOW TAI FOOK EXCELLENCE IN USE OF DATA About Chow Tai Fook Jewellery Group Chow Tai Fook Jewellery Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group’s vision is to become the most trusted jewellery group in the world. Founded in 1929, the Group’s iconic brand “CHOW TAI FOOK” is widely recognised for its trustworthiness and authenticity, and is renowned for its product design, quality and value. The Group’s differentiation strategy continues to make inroads into diverse customer segments by catering to a bespoke experience for different lifestyles and personalities, as well as customers’ different life stages. Offering a wide variety of products, services and channels, the Group’s brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO, SOINLOVE and MONOLOGUEs.
    [Show full text]
  • Bilibili Announces Strategic Equity Investment in China Telecom
    Bilibili Announces Strategic Equity Investment in China Telecom August 11, 2021 SHANGHAI, China, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Bilibili Inc. (the “Company” or “Bilibili”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that its PRC subsidiary Shanghai Bilibili Technology Co., Ltd. (“Shanghai Bilibili”) has entered into a strategic investor allotment agreement (the “Allotment Agreement”) with China Telecom Corporation Limited (or “China Telecom”) (HKEX: 0728) and a sponsor (the “Sponsor”) for China Telecom’s proposed offering of A shares in conjunction with its listing on the Shanghai Stock Exchange. China Telecom is an integrated intelligent information service provider in the PRC with full-service capabilities. Pursuant to the Allotment Agreement, Shanghai Bilibili is investing an aggregate amount of approximately RMB500 million in China Telecom’s newly issued A shares. Based on an offering price of RMB4.53 per A share, Shanghai Bilibili has been allocated 110,375,000 of the newly issued A shares. Shanghai Bilibili will be subject to 36 months of lock-up obligations over the A shares allocated to it. In addition, Shanghai Kuanyu Digital Technology Co., Ltd., an affiliate of Bilibili, enters into a strategic collaboration agreement with China Telecom, to pursue collaboration opportunities in areas including user growth, brand promotion, IDC and cloud services. Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili, said, “We are excited to have this opportunity to join hands with China Telecom at this pivotal moment, as state-run enterprises returning to their home capital market and leading China’s industrial digitization in building the nation’s 5G infrastructure and more.
    [Show full text]
  • The Diminishing Power and Democracy of Hong Kong: an Analysis of Hong Kong's Umbrella Movement and the Anti-Extradition Law Amendment Bill Movement
    Portland State University PDXScholar University Honors Theses University Honors College Summer 2021 The Diminishing Power and Democracy of Hong Kong: An Analysis of Hong Kong's Umbrella Movement and the Anti-Extradition Law Amendment Bill Movement Xiao Lin Kuang Portland State University Follow this and additional works at: https://pdxscholar.library.pdx.edu/honorstheses Part of the Asian Studies Commons, and the Other International and Area Studies Commons Let us know how access to this document benefits ou.y Recommended Citation Kuang, Xiao Lin, "The Diminishing Power and Democracy of Hong Kong: An Analysis of Hong Kong's Umbrella Movement and the Anti-Extradition Law Amendment Bill Movement" (2021). University Honors Theses. Paper 1126. https://doi.org/10.15760/honors.1157 This Thesis is brought to you for free and open access. It has been accepted for inclusion in University Honors Theses by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. The diminishing power and democracy of Hong Kong: an analysis of Hong Kong’s Umbrella Movement and the Anti-extradition Law Amendment Bill Movement by Xiao Lin Kuang An undergraduate honors thesis submitted in partial fulfillment of the Requirements for the degree of Bachelor of Arts In University Honors And International Development Studies And Chinese Thesis Adviser Maureen Hickey Portland State University 2021 The diminishing power and democracy of Hong Kong Kuang 1 Abstract The future of Hong Kong – one of the most valuable economic port cities in the world – has been a key political issue since the Opium Wars (1839—1860).
    [Show full text]
  • 10. HONG KONG's STRATEGIC IMPORTANCE UNDER CHINESE SOVEREIGNTY Tai Ming Cheung Hong Kong Has Come a Long Way Since It Was
    - 170 - 10. HONG KONG’S STRATEGIC IMPORTANCE UNDER CHINESE SOVEREIGNTY Tai Ming Cheung Hong Kong has come a long way since it was dismissed as a barren rock a century and a half ago. This bastion of freewheeling capitalism today is a leading international financial, trading and communications center serving one of the world’s fastest growing economic regions. But Hong Kong is also entering a period of considerable change and uncertainty following its reversion to Chinese sovereignty that is likely to have a far- reaching impact on its strategic importance and role over the coming years. As a British colony, Hong Kong was an important outpost for the West to keep an eye on China and safeguard busy sea-lanes. Under Chinese rule, the Hong Kong Special Administrative Region (SAR) will play a crucial role in boosting China’s economic growth and promoting Beijing’s long-term goal of reunification with Taiwan. How China handles Hong Kong’s return will have major consequences for the territory as well as for China’s relations with the international community. The world will be watching very carefully whether Beijing will adhere to its international commitments of allowing the SAR to retain a high degree of autonomy. The U.S. has said that the transition will be a key issue in determining its future relations with China. This paper will examine the strategic implications of Hong Kong's return to Chinese rule. Several key issues will be explored: • Hong Kong's past and present strategic significance. • The stationing of the People's Liberation Army (PLA) in Hong Kong.
    [Show full text]
  • Made in China, Financed in Hong Kong
    China Perspectives 2007/2 | 2007 Hong Kong. Ten Years Later Made in China, financed in Hong Kong Anne-Laure Delatte et Maud Savary-Mornet Édition électronique URL : http://journals.openedition.org/chinaperspectives/1703 DOI : 10.4000/chinaperspectives.1703 ISSN : 1996-4617 Éditeur Centre d'étude français sur la Chine contemporaine Édition imprimée Date de publication : 15 avril 2007 ISSN : 2070-3449 Référence électronique Anne-Laure Delatte et Maud Savary-Mornet, « Made in China, financed in Hong Kong », China Perspectives [En ligne], 2007/2 | 2007, mis en ligne le 08 avril 2008, consulté le 28 octobre 2019. URL : http://journals.openedition.org/chinaperspectives/1703 ; DOI : 10.4000/chinaperspectives.1703 © All rights reserved Special feature s e v Made In China, Financed i a t c n i e In Hong Kong h p s c r e ANNE-LAURE DELATTE p AND MAUD SAVARY-MORNET Later, I saw the outside world, and I began to wonder how economic zones and then progressively the Pearl River it could be that the English, who were foreigners, were Delta area. In 1990, total Hong Kong investments repre - able to achieve what they had achieved over 70 or 80 sented 80% of all foreign investment in the Chinese years with the sterile rock of Hong Kong, while China had province. The Hong Kong economy experienced an accel - produced nothing to equal it in 4,000 years… We must erated transformation—instead of an Asian dragon specialis - draw inspiration from the English and transpose their ex - ing in electronics, it became a service economy (90% of ample of good government into every region of China.
    [Show full text]
  • Market Statistics 2020 Page
    Market Statistics 2020 Page 1. Records Set in 2020 1 2. Securities Market Statistics 2-8 3. China Dimension 9-10 4. Derivatives Market Statistics 11-12 5. LME Statistics 13 6. QME Statistics 14 7. Bond Connect Statistics 15 RECORDS SET IN 2020 Securities Market As at 31 Dec 2020 Pre-2020 Record Market Capitalisation $47,523.0 bil (31 Dec 2020) $38,362.0 bil (30 Dec 2019) Market Turnover $32,110.1 bil $26,422.8 bil (Year 2018) CBBCs Turnover $2,335.3 bil 1,995 bil (Year 2019) Debt securities Fund raised $1,528.7 bil $1,401.9 bil (Year 2019) CBBCs Fund raised $1,274.2 bil $878.5 bil (Year 2019) Shanghai – Northbound Trading (Trade Value) RMB 9,035.9 bil RMB 4,991.4 bil (Year 2019) Shenzhen – Northbound Trading (Trade Value) RMB 12,052.7 bil RMB 4,765.8 bil (Year 2019) Shanghai – Southbound Trading (Trade Value) $2,954.6 bil $1,822.1 bil (Year 2018) Shenzhen – Southbound Trading (Trade Value) $2,553.4 bil $1,011.6 bil (Year 2018) No of newly listed Derivative Warrants 12,128 11,794 (Year 2018) No of newly listed CBBCs 38,039 26,678 (Year 2018) No of newly listed debt securities 430 420 (Year 2019) Derivatives Market As at 31 Dec 2020 Pre-2020 Record Trading Turnover (Contracts) (Contracts) Mini Hang Seng Index Futures 27,902,077 24,664,381 (Year 2018) HSI Dividend Point Index Futures 25,098 20,793 (Year 2012) Stock Futures 1,141,729 917,358 (Year 2019) Iron Ore Futures – Monthly Contracts 97,048 55,944 (Year 2019) Mini Hang Seng Index Options 3,345,582 3,343,429 (Year 2019) Stock Options 131,021,660 127,279,101 (Year 2018) Open Interest
    [Show full text]
  • Hopewell Holdings Limited (Stock Code: 54), Listed on the Stock Exchange of Hong Kong Since
    Corporate Profile Hopewell Hopewell Holdings Limited (stock code: 54), listed on the Stock Exchange of Hong Kong since Holdings Limited Holdings 1972, is one of Hong Kong’s premier companies HOPEWELL with diverse business interests spreading across Holdings Limited Property Investment and Development, Hotels Annual Report 2005 and Hospitality, and Highway Infrastructure. The 合和實業有限公司二零零五年年報 first two businesses are operated directly under Hopewell Holdings Limited while its 75% owned subsidiary, Hopewell Highway Infrastructure Annual Report 2005 Report Annual Limited (stock code: 737), also listed on the Stock Exchange of Hong Kong since 2003, holds its PRC-based transportation infrastructure interests. The Group, with strong expertise in investment, development and engineering of major projects, focuses on Hong Kong and the Pearl River Delta, and is founded on visionary strategic initiatives. 合和實業有限公司 Hopewell Holdings Limited 64th Floor, Hopewell Centre 183 Queen’s Road East Hong Kong Tel : (852) 2528 4975 Fax : (852) 2861 2068 二零零五年年報 Web Page: www.hopewellholdings.com 合和實業有限公司 香港皇后大道東183號 合和中心64樓 電話 ︰(852) 2528 4975 圖文傳真 ︰(852) 2861 2068 網址 ︰www.hopewellholdings.com Corporate Profile Hopewell Hopewell Holdings Limited (stock code: 54), listed on the Stock Exchange of Hong Kong since Holdings Limited Holdings 1972, is one of Hong Kong’s premier companies HOPEWELL with diverse business interests spreading across Holdings Limited Property Investment and Development, Hotels Annual Report 2005 and Hospitality, and Highway Infrastructure. The 合和實業有限公司二零零五年年報 first two businesses are operated directly under Hopewell Holdings Limited while its 75% owned subsidiary, Hopewell Highway Infrastructure Annual Report 2005 Report Annual Limited (stock code: 737), also listed on the Stock Exchange of Hong Kong since 2003, holds its PRC-based transportation infrastructure interests.
    [Show full text]
  • Media Review 16/2006
    Media Review No.16/2006 (26 April - 3 May) No. of substantive news reports mentioning UST : 23 No. of reports involving OUDPA initiatives : 7 ** denotes items involving OUDPA in providing information or statements upon enquiries, issuing media invitation, issuing press releases, or setting up interviews. 1. Prof Stephen HAWKING will deliver a public lecture on "The Origin of the Universe" at UST** 3 clippings (29/4 - 3/5). 2. Prof Kar Yan TAM (ISMT) commented on the science and technology development in Hong Kong Sing Tao Daily (3/5). 3. A story quoted Dr Hong Kam LO (CIVL)'s research on traffic accident analysis and prevention Apple Daily (3/5). 4. Dr Chak Keung CHAN (CENG) and Dr Alexis LAU (IENV) commented on air pollution in Hong Kong Ming Pao Daily News (2/5) and Sing Tao Daily (30/4). 5. Sir Gordon WU, Chairman of Hopewell Holdings Limited, delivered a distinguished lecture on Asian Infrastructure** Sing Tao Daily (1/5). 6. President CHU will deliver talks for the Hong Kong New Generation Cultural Association to nurture young scientists Sing Tao Daily (1/5). 7. UST recruited three mainland highflyers from Beijing, Guangdong and Chengdu last year Sing Pao Daily News (30/4). 8. Graduates from the Class of 2005 were highly sought after with higher salaries and better job opportunities** The Sun (29/4). 9. UST signed a memorandum of understanding with a delegation from the Commission of Science Technology and Industry for National Defense Lunar Exploration on research collaboration** Sing Tao Daily (28/4) and Macau Daily News (27/4).
    [Show full text]
  • The Trilateral Commission
    THE TRILATERAL COMMISSION MARCH 2009 *Executive Committee PETER SUTHERLAND JOSEPH S. NYE, JR. YOTARO KOBAYASHI European Chairman North American Chairman Pacific Asian Chairman HERVÉ DE CARMOY ALLAN E. GOTLIEB HAN SUNG-JOO European North American Pacific Asian Deputy Chairman Deputy Chairman Deputy Chairman ANDRZEJ OLECHOWSKI LORENZO H. ZAMBRANO SHIJURO OGATA European North American Pacific Asian Deputy Chairman Deputy Chairman Deputy Chairman DAVID ROCKEFELLER Founder and Honorary Chairman GEORGES BERTHOIN PAUL A. VOLCKER OTTO GRAF LAMBSDORFF European Honorary Chairman North American Honorary Chairman European Honorary Chairman *** PAUL RÉVAY MICHAEL J. O'NEIL TADASHI YAMAMOTO European Director North American Director Pacific Asian Director EUROPEAN GROUP Urban Ahlin, Member of the Swedish Parliament and Deputy Chairman of the Committee on Foreign Affairs, Stockholm *Edmond Alphandéry, Chairman, CNP Assurances, Paris; former Chairman, Electricité de France (EDF); former Minister of the Economy and Finance Jacques Andréani, Ambassadeur de France, Paris; former Ambassador to the United States Jorge Armindo, President and Chief Executive Officer, Amorim Turismo, Lisbon Jerzy Baczynski, Editor-in-Chief, Polityka, Warsaw Patricia Barbizet, Chief Executive Officer and Member of the Board of Directors, Artémis Group, Paris Estela Barbot, Director, AGA; Director, Bank Santander Negocios; Member of the General Council, AEP -- Portuguese Business Association, Porto; General Honorary Consul of Guatemala, Lisbon *Erik Belfrage, Senior Vice President,
    [Show full text]
  • Operations Review
    Operations Review The Pearl River Delta in southern Guangdong Province has rapidly become one of the world’s most important centres of industrial output and is continuing to grow. New port and airport developments and the PRC’s World Trade Organisation (“WTO”) membership have resulted in increasing foreign investment in manufacturing facilities in the region and have contributed to its continuous rise in GDP. As a result, vehicle production and ownership have continued to grow at record rates. Toll roads, built as part of the Hopewell’s vision, are now strategic links in the transportation network that underpins the Pearl River Delta’s economic growth. 10 HOPEWELL HOLDINGS LIMITED INFRASTRUCTURE The financial year 2002-2003 has seen Hopewell Holdings reap the results from significant debt reduction over the past five years and a strong infrastructure business. These, together with a focused approach to the strengths of our other key business elements – property and hotels – and the positioning of those businesses within the geographical context of Hong Kong and Pearl River Delta, have laid the foundation for the Group’s future investment and development strategies. The Group, through co-operative joint venture arrangements, has invested in five toll road projects across the Pearl River Delta (“PRD”) . Four of these projects, namely, the Guangzhou-Shenzhen Superhighway, Guangzhou ESW Ring Road, Shunde Roads and Shunde 105 Road, with a combined road length of over 300 km, are operational and have exhibited remarkable strength in terms of traffic volume and toll revenue growth over the year. The fifth toll road project, Western Delta Route (Phase 1), is a 14.7km dual three lane expressway from Guangzhou to Shunde that is expected to be completed by mid-2004.
    [Show full text]
  • Hopewell Focuses on Sustainability
    HOPEWELL FOCUSES ON SUSTAINABILITY OUR HISTORY GUIDES OUR FUTURE Contents About This Report 1 Our People 23 Managing Director’s Message 2 Customers and Communities 27 Our Business 3 Procurement and Supply Chain 34 Our Sustainability Vision and Focus 6 Progress of Actions and Sustainability Targets for 2012/13 36 Stakeholder Engagement 9 Economic Performance Table 39 Case Study 1: Hopewell 40th Anniversary 13 Environmental Performance Tables 40 Environmental Performance 15 Social Performance Table 43 Case Study 2: Green Transportation 20 Verification Statements 45 Case Study 3: Hopewell New Town: GRI Index Table 47 Building a Green Community 22 Glossary 51 ABOUT THIS REPORT Hopewell Holdings Limited (“HHL” and together with its subsidiaries, the “Group”) published its first Sustainability Report in 2011. This second annual Sustainability Report (“Report”) demonstrates our continuing commitment to transparency and accountability to our stakeholders. A summary of this Report has been incorporated into our Annual Report 2011/12 and the full version is available for download at http://www.hopewellholdings.com/en-US/corporate-sustainability/sustainability-report. Scope of the Report This Report presents a group-wide approach to sustainability and our performance in the economic, environmental and social aspects of our business during our 2011/12 financial year, i.e. from 1 July 2011 to 30 June 2012. It covers the activities of HHL, its key subsidiaries and joint-venture operations central to our core business activities in Hong Kong and Mainland China. Our core operations involve four business sectors: property investment and development, hospitality, highways and energy. How we Report The materiality of the topics covered in this Report was determined through stakeholder dialogue – both structured and informal.
    [Show full text]