DOCSLIB.ORG

No. 1) Limited Wheelock Finance (BVI

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
No. 1) Limited Wheelock Finance (BVI Offering Circular Wheelock and Company Limited (incorporated with limited liability in Hong Kong) (as Issuer and Guarantor) Wheelock Finance Limited (incorporated with limited liability in Hong Kong) (as Issuer) Wheelock Finance (No. 1) Limited ((incorporated with limited liability in Hong Kong) (as Issuer) Wheelock Finance (BVI) Limited ((incorporated with limited liability in the British Virgin Islands) (as Issuer) Wheelock MTN (Singapore) Pte. Ltd. (incorporated with limited liability in Singapore) (as Issuer) U.S.$3,000,000,000 Medium Term Note Programme On 16 December 2010, Wheelock and Company Limited (“Wheelock”), Wheelock Finance Limited (“WKFL”), Wheelock Finance (No.1) Limited (“WKF1L”) and Wheelock Finance (BVI) Limited (“WKBVI”) (in such capacity, each an “Issuer”) established a U.S.$2,000,000,000 Medium Term Note Programme (the “Programme”) and issued an offering circular on that date describing the Programme. On 27 October 2011, Wheelock MTN (Singapore) Pte. Ltd. (“WKMS”) (also an “Issuer” and together with Wheelock, WKFL, WKF1L and WKBVI, the “Issuers”) acceded to the Programme and the Programme Limit (as defined in the Dealer Agreement) was increased to U.S.$3,000,000,000. This Offering Circular supersedes the previous offering circular and any supplement thereto. Any Notes (as defined below) issued under this Programme on or after the date of this Offering Circular are issued subject to the provisions described herein. This does not affect any Notes issued prior to the date of this Offering Circular. Under the Programme, the Issuers, subject to compliance with all relevant laws, regulations and directives, may from time to time issue Medium Term Notes (the “Notes”). The aggregate nominal amount of Notes outstanding will not at any time exceed U.S.$3,000,000,000 (or the equivalent in other currencies). Notes issued by WKFL, WKF1L, WKBVI and WKMS (each a “Guaranteed Issuer”) will be guaranteed (the “Guarantee”) by Wheelock (in such capacity, the “Guarantor”). Notes issued by Wheelock will not be guaranteed. Application has been made to The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) for permission to deal in, and for the listing of, Notes issued under the Programme during the 12 month period from the date of this Offering Circular on the Hong Kong Stock Exchange by way of selectively marketed securities (as defined in the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange). However, unlisted Notes may be issued pursuant to the Programme. The relevant Pricing Supplement (as defined in “Summary of the Programme”) in respect of the issue of any Notes will specify whether or not such Notes will be listed on the Hong Kong Stock Exchange (or any other stock exchange). Each Series (as defined in “Summary of the Programme”) of Notes in bearer form will be represented on issue by a temporary global note in bearer form (each a“temporary Global Note”) or a permanent global note in bearer form (each a “permanent Global Note”). Notes in registered form will be represented by registered certificates (each a “Certificate”), one Certificate being issued in respect of each Noteholder’s entire holding of Notes in registered form of one Series. Global Notes and Global Certificates (as defined in “Summary of the Programme”) may be deposited on the issue date with a common depositary on behalf of Euroclear Bank S.A./N.V. (“Euroclear”) and Clearstream Banking, société anonyme (“Clearstream, Luxembourg”) or with The Central Depository (Pte) Limited (“CDP”) and cleared through the CDP System (as defined on page 7). Global Notes may be deposited with a sub-custodian for the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority (the “CMU Service”). The provisions governing the exchange of interests in Global Notes for other Global Notes and definitive Notes are described in “Summary of Provisions Relating to the Notes while in Global Form”. Interests in a temporary Global Note will be exchangeable, in whole or in part, for interests in a permanent Global Note on or after the date 40 days after the later of the commencement of the offering and the relevant issue date, upon certification as to non-U.S. beneficial ownership. Until the expiration of40days after the later of the commencement of the offering of a Tranche (as defined herein) of a Series (as defined herein) and the issue date thereof, beneficial interests in a Global Note may only be held through Euroclear, Clearstream, Luxembourg or the CMU Service. Arranger for the Programme HSBC Dealers Barclays Capital BNP PARIBAS BofA Merrill Lynch Citigroup Cre´dit Agricole CIB Credit Suisse DBS Bank Ltd. Deutsche Bank HSBC Morgan Stanley Mitsubishi UFJ Securities International plc The Royal Bank of Scotland Oversea-Chinese Banking Corporation Limited UBS Standard Chartered Bank (Hong Kong) Limited Dated 27 October 2011 Wheelock (as to itself, each Guaranteed Issuer and the Group as defined below) and each Guaranteed Issuer (as to itself), having made all reasonable enquiries, confirm that this Offering Circular contains all information with respect to (i) Wheelock, (ii) the Guaranteed Issuers and (iii) Wheelock together with its subsidiaries and associates (the “Group”) and the Notes that is material in the context of the issue and offering of the Notes, the statements contained in it relating to Wheelock, the Guaranteed Issuers and the Group are in every material particular true and accurate and not misleading, the opinions and intentions expressed in this Offering Circular with regard to Wheelock, the Guaranteed Issuers and the Group are honestly held, have been reached after considering all relevant circumstances and are based on reasonable assumptions, there are no other facts in relation to Wheelock, the Guaranteed Issuers, the Group or the Notes the omission of which would, in the context of the issue and offering of the Notes, make any statement in this Offering Circular misleading in any material respect and all reasonable enquiries have been made by Wheelock and the Guaranteed Issuers to ascertain such facts and to verify the accuracy of all such information and statements. No person has been authorised to give any information or to make any representation other than those contained in this Offering Circular in connection with the issue or sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by Wheelock, the Guaranteed Issuers or any of the Dealers or the Arranger (as defined in “Summary of the Programme”). Neither the delivery of this Offering Circular nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of Wheelock, the Guaranteed Issuers or the Group since the date hereof or the date upon which this Offering Circular has been most recently amended or supplemented or that there has been no adverse change in the financial position of Wheelock or the Guaranteed Issuers since the date hereof or the date upon which this Offering Circular has been most recently amended or supplemented or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. The distribution of this Offering Circular and the offering or sale of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Offering Circular comes are required by Wheelock, the Guaranteed Issuers, the Dealers and the Arranger to inform themselves about and to observe any such restriction. The Notes and the Guarantee have not been and will not be registered under the United States Securities Act of 1933. as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and include Notes in bearer form that are subject to U.S. tax law requirements. Subject to certain exceptions, Notes may not be offered, sold or, in the case of bearer notes, delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act). For a description of certain restrictions on offers, sales and transfers of Notes and on the distribution of this Offering Circular, see “Subscription and Sale”. THE NOTES AND THE GUARANTEE HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER U.S. REGULATORY AUTHORITY, NOR HAS ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OF NOTES OR THE ACCURACY OR THE ADEQUACY OF THIS OFFERING CIRCULAR. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES. This Offering Circular does not constitute an offer of, or an invitation by or on behalf of Wheelock, the Guaranteed Issuers, the Dealers or the Arranger to subscribe for, or purchase, any Notes. This Offering Circular includes particulars given in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HKSE Rules”) for the purposes of giving information with regard to each Issuer and the Guarantor. The directors of each Issuer and the Guarantor collectively and individually accept full responsibility for the accuracy of the information contained in this Offering Circular. —i— Hong Kong Exchanges and Clearing Limited and the Hong Kong Stock Exchange take no responsibility for the contents of this Offering Circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Offering Circular.
Load more

Recommended publications
  • COVERAGE LIST GEO Group, Inc
    UNITED STATES: REIT/REOC cont’d. UNITED STATES: REIT/REOC cont’d. UNITED STATES: NON-TRADED REITS cont’d. COVERAGE LIST GEO Group, Inc. GEO Sabra Health Care REIT, Inc. SBRA KBS Strategic Opportunity REIT, Inc. Getty Realty Corp. GTY Saul Centers, Inc. BFS Landmark Apartment Trust, Inc. Gladstone Commercial Corporation GOOD Select Income REIT SIR Lightstone Value Plus Real Estate Investment Trust II, Inc. Gladstone Land Corporation LAND Senior Housing Properties Trust SNH Lightstone Value Plus Real Estate Investment Trust III, Inc. WINTER 2015/2016 • DEVELOPED & EMERGING MARKETS Global Healthcare REIT, Inc. GBCS Seritage Growth Properties SRG Lightstone Value Plus Real Estate Investment Trust, Inc. Global Net Lease, Inc. GNL Silver Bay Realty Trust Corp. SBY Moody National REIT I, Inc. Government Properties Income Trust GOV Simon Property Group, Inc. SPG Moody National REIT II, Inc. EUROPE | AFRICA | ASIA-PACIFIC | MIDDLE EAST | SOUTH AMERICA | NORTH AMERICA Gramercy Property Trust Inc. GPT SL Green Realty Corp. SLG MVP REIT, Inc. Gyrodyne, LLC GYRO SoTHERLY Hotels Inc. SOHO NetREIT, Inc. HCP, Inc. HCP Sovran Self Storage, Inc. SSS NorthStar Healthcare Income, Inc. UNITED KINGDOM cont’d. Healthcare Realty Trust Incorporated HR Spirit Realty Capital, Inc. SRC O’Donnell Strategic Industrial REIT, Inc. EUROPE Healthcare Trust of America, Inc. HTA St. Joe Company JOE Phillips Edison Grocery Center REIT I, Inc. GREECE: Athens Stock Exchange (ATH) AFI Development Plc AFRB Hersha Hospitality Trust HT STAG Industrial, Inc. STAG Phillips Edison Grocery Center REIT II, Inc. AUSTRIA: Vienna Stock Exchange (WBO) Babis Vovos International Construction S.A. VOVOS Alpha Pyrenees Trust Limited ALPH Highwoods Properties, Inc.
    [Show full text]
  • The Wharf (Holdings) Limited ANNUAL REPORT 2013
    THE WHARF ( HOLDINGS ) LIMITED www.wharfholdings.com ANNUAL REPORT 2013 REPORT ANNUAL The Wharf (Holdings) Limited ANNUAL REPORT 2013 Stock Code: 4 With the opening of Chengdu IFS, Wharf has built another Harbour City in Chengdu. Strategically located at the intersection of three major commercial roads – Hongxing Road, Dacisi Road and Jiangnanguan Street, the 210,000-square-metre retail landmark also marked the maiden anchor of 100 world’s most coveted brands. Corporate Profile Backed by a long standing mission of ”Building for Tomorrow” and a distinguished track record, the Group has produced consistent and quality growth over the years. Wharf is among the top local blue chip stocks that are most actively traded, signalling high liquidity and attractiveness for investors. In addition, through years of value creation and new investment, the Group’s investment properties (“IP”) portfolio, with a book value of HK$261 billion as at the end of 2013, has grown to rank among the top five publicly-held portfolios in the world. It represented 70% of the Group’s total operating profit. With prime real estate as the Group’s primary strategic focus, site acquisition, financing, development planning, design, construction and marketing are its core competencies. Mall development and retail management remain its strategic differentiation. With its leadership in retail management, the Group continued to maintain its pole position in the Hong Kong retail market. Harbour City and Times Square, the Group’s landmark properties, had a combined value of HK$192 billion at the end of 2013, up from HK$177 billion in 2012, and represented 49% of the Group’s business assets.
    [Show full text]
  • WHEELOCK and COMPANY LIMITED (Incorporated in Hong Kong with Limited Liability) Stock Code: 20
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. WHEELOCK AND COMPANY LIMITED (Incorporated in Hong Kong with limited liability) Stock Code: 20 2019 Final Results Announcement Navigating in stormy seas Macro Environment Global and local challenges weighed heavily on Hong Kong economy. Highlights on Hong Kong Properties Contracted residential sales totalled HK$23.6 billion, albeit at a slower pace in the second half of 2019. The sales were primarily contributed by two large-scale O’EAST projects, namely “MONTARA & GRAND MONTARA” and “MARINI & GRAND MARINI”. Presale of two O’EAST projects has received favourable responses with 1,906 units presold, accounting for 68% of contracted residential sales for 2019. Net order book reached HK$32.5 billion, underscoring revenue visibility (31 December 2018: HK$26.7 billion). Group HKDP land bank edged up to 7.5 million square feet, upon acquisition of five sites in 2019 and a successful bid for LOHAS Park Phase 12 in February 2020. Group Financials Wheelock-Own’s net gearing improved to 9.9%. Group underlying net profit was HK$12.4 billion. Higher contributions from various property segments were partly offset by impairment provisions of HK$4.9 billion for certain DP. Second interim dividend at HK$1.050 per share, same as last year, making total dividend for the year 2019 HK$1.575 per share.
    [Show full text]
  • Disclosure of Further Corporate Information
    50 The Wharf (Holdings) Limited Annual Report 2004 Disclosure of Further Corporate Information Set out below is information disclosed pursuant to the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”): (A) BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGERS ETC. (I) Directors Peter K C Woo, GBS, JP, Chairman (Age: 58) Mr Woo has resumed the role of Chairman since 2002 after having formerly served as Chairman of the Company from 1986 to 1994. He is also the chairman of Wheelock and Company Limited (“Wheelock”) and Modern Terminals Limited (“Modern Terminals”). Mr Woo was appointed a Justice of the Peace in 1993 and awarded the Gold Bauhinia Star in 1998 by the Hong Kong SAR Government. He has for many years been actively engaged in community and related services, both locally and in the international arena, and has held various Government appointments. He has been the Government-appointed chairman of the Hong Kong Trade Development Council since October 2000 and had served as the chairman of Hospital Authority from 1995 to 2000 and the council chairman of Hong Kong Polytechnic University from 1993 to 1997. He is currently the chairman of the Hong Kong Environment and Conservation Fund Committee set up in 1994 which he co-funded with the Government. He also served as a deputy chairman in 1991 to Prince of Wales Business Leaders Forum, and as a member of the International Advisory Council of J.P. Morgan Chase & Co., National Westminster Bank, Banca Nazionale del Lavoro, Elf Aquitaine of France and General Electric of America.
    [Show full text]
  • PRINCIPAL SUBSIDIARIES and ASSOCIATES at 31 March 2006
    PRINCIPAL SUBSIDIARIES AND ASSOCIATES At 31 March 2006 Issued & fully Percentage Place of paid up share capital of equity incorporation/ (all being ordinary shares attributable Principal Subsidiaries operation except otherwise stated) to the Group activities Actbilt Pte Limited Singapore 1,000,000 S$1 shares 56 Property Belgravia Properties Pte. Ltd. Singapore 1,000,000 S$1 shares 56 Property Bestbilt Pte. Ltd. Singapore 1,000,000 S$1 shares 56 Property Everbilt Developers Pte Ltd Singapore 160,000,000 S$1 shares 56 Property Hamptons Group Limited United Kingdom 11,170,014 £0.01 shares & 56 Holding company 50 £0.01 “A” shares Hamptons Estates Limited United Kingdom 2,667,787 £0.01 shares 56 Estates agency Harriman Property Management Hong Kong 198 HK$100 shares 100 Property Limited management Harriman Leasing Limited Hong Kong 100,049 HK$10 shares 50 Letting agent 50 non-voting HK$10 shares 100 Harriman Realty Company, Limited Hong Kong 100,000 HK$10 “A” shares 100 Holding company 102,000 HK$0.1 “B” shares 2 Janeworth Company Limited Hong Kong 550,000,000 HK$1 shares 74 Property Keevil Company Limited Hong Kong 2 HK$1 shares 74 Property Kowloon Properties Company Limited Hong Kong 10,000 HK$1 shares 66 Property Marnav Holdings Limited Hong Kong 1,000,000 HK$1 shares 74 Property Mer Vue Developments Pte. Ltd. Singapore 1,000,000 S$1 shares 56 Property NART Finance Limited Hong Kong 3 HK$10 shares 74 Finance Nassim Developments Pte. Ltd. Singapore 2 S$1 shares 56 Investment Pizzicato Limited Hong Kong 2 HK$10 shares 74 Property Realty Development
    [Show full text]
  • Wheelock and Company Limited 中期報告書2014 Interim Report 2014
    會德豐有限公司 Wheelock and Company Limited 中期報告書2014 Interim Report 2014 股份代號: 20 www.wheelockcompany.com Stock Code: 20 www.wheelockcompany.com This interim report is printed on FSCTM Certied Paper. Pulps used are chlorine-free and acid-free. The FSCTM logo identies products which contain wood from well-managed forests certied in accordance with the rules of the Forest Stewardship Council® . CONTENTS 2 Group Results Highlights 4 Business Review 12 Financial Review 22 Financial Information 45 Other Information FULL YEAR SALES TARGET COMPLETED IN FIRST HALF HONG KONG DEVELOPMENT PROPERTIES (“DP”) HIGHLIGHTS • Contracted sales at HK$10.1 billion, successfully meeting full year sales target in the first half. • Net order book increased to HK$19.5 billion, locking in future revenue stream (December 2013: HK$11.1 billion). • One Bay East – East Tower was presold to Citigroup for HK$5.4 billion in June 2014. The West Tower was presold to Manulife for HK$4.5 billion in March 2013, thus completing the HK$10 billion project which dovetailed precisely with the Government’s CBD2 initiative for Kowloon East. The HK$10 billion project is the most valuable transacted office project in Hong Kong. • At Austin Station, Grand Austin (Phase II) presold 685 units or 99% of total units up to August 2014, generating sales proceeds of HK$15.1 billion. In addition to the adjacent The Austin (Phase I), which was presold at HK$10.0 billion in November 2013, it satisfactorily completed the HK$25 billion presale of this MTRC joint development project. • Kai Tak residential site with 413,000 square feet GFA was acquired by public tender in May 2014 at HK$2.5 billion.
    [Show full text]
  • 2006 Employment Report Office of MBA Career Services Columbia Business School Is the Business School for Today’S Rapidly Changing World
    2006 Employment Report Office of MBA Career Services Columbia Business School is the business school for today’s rapidly changing world. Its community of scholars, its location in one of the most dynamic places in the world and its extraordinary network of faculty, alumni and global business partners distinguish it among its peers. Our goal is to provide students with the mindset and the skill set that prepare them for a lifetime career. Our curriculum encourages innovative thinking and fosters a team-oriented work ethic, an international perspective and an entrepreneurial mindset. Our programs bridge theory and practice to develop problem solvers who can integrate a variety of academic disciplines with global, real-world experiences. As a result, our students go on to positions that enable them to enact real, sustainable change in their organizations and the world. Diversity in our classroom is also a mainstay at Columbia Business School. The convergence of different profes- sional, cultural and academic backgrounds provides an unparalleled learning experience for our students. Backed by this support network, our graduates go on to succeed in a wide range of organizations—from start-ups to Fortune 500 companies to government agencies and nonprofits. A highly competitive admissions process—only 15 percent of applicants make the cut—also ensures that every student has a distinguished academic and professional track record and that they come prepared to contribute actively to the learning community. It pays off. Employers report that Columbia MBAs hit the ground running and have the right mix of “street smarts” and leadership skills needed to become effective midlevel and senior managers.
    [Show full text]
  • Resources-For-The-Australian-Food
    Every day new opportunities arise for Australian businesses to grow through export. Yet the route to market is not always clearly marked, and there are as many risks as there are favourable circumstances. We are privileged in our work to be able to help such companies expand and realise their potential in overseas markets. Whether through forums, workshops, inbound buyer missions, private consultations or curated market visits; we’re striving to create a thriving Australian export industry. • 4 Steps to Selling Healthy Products in China We believe that with so much opportunity out there, the best chance our • Stay or Go? Export: Which industry has is to connect and share our knowledge collaboratively. Market, How & Why • Who’s Who in the Zoo: Hong Here, we share a select sample of the insights arising from our work in the Kong Retailers hope that it might help stimulate discussion; inform and energise • Who You Know: Connecting Australian companies, Associations and Government bodies to continue with Your Tribe their good work. • In-Market Partnerships • Further Reading 4 Steps to Selling Healthy Products in China For many SMEs the Chinese market can seem like an ever-changing horizon. It’s hard to know if you’re going in the right direction and whether you’ll ever make it to the other side. We sat down with experienced stakeholders in the supply chain to map out a clear path. 1. Is this the right market for me? With a population nearing 1.5 billion, China’s is a necessarily complex economy. It is not, most would say, the right selection for the faint of heart.
    [Show full text]
  • CSR Report This Report Presents Wheelock’S Sustainability Efforts in 2018, and Is Available in Electronic Format
    CSR Report This Report presents Wheelock’s sustainability efforts in 2018, and is available in electronic format. CONTENTS Appendices 2-3 7-13 46-47 About this Report Our Business List of Material Topics and Corresponding Boundaries 4-5 14-22 Chairman's Message Building for the Environment 48-52 Performance Data 6 2018 Progress 23-30 at a Glance Building High Performing 53-54 Teams Charters, Memberships and Awards 31-40 Building a Sustainable 55 Community Verification Statement 41-45 56-61 Building Partnerships GRI Standards and along Our Value Chain HKEx ESG Reporting Guide Content Index 1 Wheelock CSR Report 2018 ABOUT THIS REPORT Wheelock and Company Limited (“WAC”) and its two wholly-owned subsidiaries, Chapter 1 Wheelock Properties (Hong Kong) Our Business Provides an overview of our business model and Limited (“WPL”) and Harriman Property discusses how good corporate governance and CSR Management Limited (“HPML”) (jointly management operate our business for good. referred to as “Wheelock” or “the Chapter 2 Company” thereafter) are delighted Building for the Environment to publish its fourth annual Corporate Demonstrates our commitment to managing energy Social Responsibility (“CSR”) Report usage, greenhouse gases emissions, waste and (the “Report”). procurement for building a resilient environment. Chapter 3 This Report highlights and discusses Building High Performing Teams Wheelock’s commitment and efforts in Illustrates our devotion of resources to growing our employees and fostering a comfortable and productive carrying out its CSR initiatives, includ- working environment for the team. ing the CSR management approach, programmes and performance,in the Chapter 4 following five chapters: Building a Sustainable Community Highlights how the community investment programmes under Youth and Art, Community Betterment, and Nature and Environment contribute to creating positive values for the community.
    [Show full text]
  • – 1 – Wheelock and Company Limited - Announcement (15 July 2020)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this joint announcement. This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Offeror or the Company nor is it a solicitation of any vote or approval in any jurisdiction. Admiral Power Holdings Limited Wheelock and Company Limited (Incorporated in the British Virgin Islands (Incorporated in Hong Kong with limited liability) with limited liability) (Stock Code: 20) JOINT ANNOUNCEMENT (1) PROPOSED PRIVATISATION OF WHEELOCK AND COMPANY LIMITED BY ADMIRAL POWER HOLDINGS LIMITED BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 673 OF THE COMPANIES ORDINANCE (2) PROPOSED WITHDRAWAL OF LISTING OF WHEELOCK AND COMPANY LIMITED (3) SANCTION OF THE SCHEME BY THE HIGH COURT AND (4) DECLARATION OF SPECIAL DIVIDEND BY DISTRIBUTION IN SPECIE OF THE WHARF REIC SHARES AND THE WHARF SHARES HAS BECOME UNCONDITIONAL Financial Adviser to the Offeror Independent Financial Adviser to the Independent Board Committee – 1 – Wheelock and Company Limited - Announcement (15 July 2020) INTRODUCTION Reference is made to (i) the scheme document dated 21 May 2020 (the “Scheme Document”) jointly issued by Wheelock
    [Show full text]
  • Annual Report 2020 Annua L Repo R T 202 0 Corporate Profile
    Stock Code : 0004 ANNUAL REPORT 2020 ANNUA L REPO R T 202 0 www.wharfholdings.com CORPORATE PROFILE Founded in 1886 as the 17th company registered in Hong Kong, The Wharf (Holdings) Limited (Stock Code: 0004) is a premier company with strong connection to the history of Hong Kong. As one of the 30 constituent stocks in the original Hang Seng Index from the 1960’s, Wharf is backed by a long standing mission of “Building for Tomorrow” and a proven track record in management and execution. After spinning off Wharf Real Estate Investment Company Limited as a separately-listed company (Stock Code: 1997) in November 2017, the Group’s businesses currently comprise Investment Properties, Hotels and Development Properties in Hong Kong and mainland China. Other businesses include Logistics through Modern Terminals and Hong Kong Air Cargo Terminals. In Hong Kong, Wharf’s Peak Portfolio redefines the concept of ultra-luxury living with a collection of the rarest and most prestigious residences, epitomising a unique and exclusive lifestyle at the most sought-after addresses in town. It represents one of the largest ultra-luxury land banks in developers’ hands and more than doubled since December 2020 through new acquisitions for a total investment of over HK$15 billion. At the same time, it sold five houses for a combined total of nearly HK$3 billion and leased two houses for a monthly rent of over HK$2 million, all from recent redevelopment. Through years of expansion, the Group’s Mainland Investment Properties portfolio has established leading market position in some of the most vibrant cities and delivered incremental contribution to Group results.
    [Show full text]
  • Annual Report 2019
    WHEELOCK AND COMPANY LIMITED ANNUAL REPORT 2019 www.wheelockcompany.com I Stock Code : 20 Wheelock and Company Limited Annual Report 2019 CONTENTS Corporate Information 2 Chairman’s Statement 4 Financial Highlights 10 Business Review 12 Event Subsequent to the Financial Year-end 19 Financial Review 20 Corporate Governance Report 29 Report of the Directors 45 Independent Auditor’s Report 67 Consolidated Income Statement 73 Consolidated Statement of Comprehensive Income 74 Consolidated Statement of Financial Position 75 Consolidated Statement of Changes in Equity 76 Consolidated Statement of Cash Flows 77 Notes to the Financial Statements 80 Principal Accounting Policies 128 Principal Subsidiaries, Associates and Joint Ventures 152 Schedule of Principal Properties 164 Ten-year Financial Summary 179 1 Wheelock and Company Limited Annual Report 2019 CORPORATE INFORMATION BOARD OF DIRECTORS Douglas C K Woo (Chairman & Managing Director) Stephen T H Ng (Deputy Chairman) Stewart C K Leung (Vice Chairman) Paul Y C Tsui (Executive Director & Group Chief Financial Officer) Ricky K Y Wong (Executive Director) Horace W C Lee (Director) Non-executive Director Mignonne Cheng (Mrs) Independent Non-executive Directors Tak Hay Chau, GBS Winston K W Leong Alan H Smith, JP Richard Y S Tang, SBS, JP Kenneth W S Ting, SBS, JP Nancy S L Tse, JP Glenn S Yee SECRETARY Wilson W S Chan, FCIS REGISTRARS Tricor Tengis Limited Level 54 Hopewell Centre 183 Queen’s Road East Wanchai Hong Kong REGISTERED OFFICE 23rd Floor, Wheelock House 20 Pedder Street Hong Kong Telephone
    [Show full text]