Hang Lung Group Ltd - Company Profile
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Hang Lung Group Ltd (Hang Lung) is a property development company. The company primarily involved in property development for sales and leasing, as well as property investment for rental income. Hang Lung's major offerings include commercial, office, and residential developments. The company is associated with notable brands such as the 66 brand, which positions its Mainland China portfolio as a leading urban hub. Hang Lung serves a diverse range of customers, including retail, office, and residential tenants, across various industries. The company operates through a network of subsidiaries and joint ventures to manage its extensive property portfolio. Hang Lung's geographic presence spans Hong Kong and several major cities in Mainland China, targeting urban markets. Hang Lung is headquartered in Hong Kong.
Headquarters
Hong Kong
Address
28/F Standard Chartered Bank Building, 4 Des Voeux Road Central, Hong Kong
Website
www.hanglung.com
Telephone
852 28790111
No of Employees
4,595
Industry
Construction
Ticker Symbol & Exchange
10 (HKG)
Revenue (2024)
$1.3B
-11.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-15.1%
(2024 vs 2023)
Market Cap*
$2.2B
Net Profit Margin (2024)
XYZ
-4.1%
(2024 vs 2023)
* As of and is in US$
Hang Lung Group Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Property Leasing |
| Property Investments and Sales |
| Property Development |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In February, the company announced its plans to open a new lifestyle hotel, Xi Zhe Wuxi, Curio Collection by Hilton. |
| 2024 | Contracts/Agreements | In September, the company entered into an agreement with IHG Hotels & Resorts to open Kimpton Xujiahui Shanghai. |
| 2024 | Corporate Changes/Expansions | In August, Hang Lung Properties opened Grand Hyatt Kunming at Spring City 66. |
Competitor Comparison
| Key Parameters | Hang Lung Group Ltd | Sun Hung Kai Properties Ltd | New World Development Co Ltd | Swire Properties Ltd | Sino Land Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| City | Hong Kong | Hong Kong City | Hong Kong City | Hong Kong | Hong Kong |
| No. of Employees | 4,595 | 38,000 | 10,000 | 7,000 | 9,700 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Adriel Wenbwo Chan | Chairman | Executive Board | 2024 | 43 |
| Weber Wai Pak Lo | Chief Executive Officer; Director | Executive Board | 2018 | 55 |
| Kenneth Ka Kui Chiu | Chief Financial Officer; Director | Executive Board | 2022 | 50 |
| Pak Wai Liu | Director | Non Executive Board | 2015 | 78 |
| Gerald Lokchung Chan | Director | Non Executive Board | 1986 | 74 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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