Wheelock & Co


Wheelock & Co

Wheelock and Company Limited is Chinese financial real estate company based in Hong Kong. It was listed as #1249 on the Forbes 2000 list.

The Group's principal activities are property investment, property development, property management and agency, and investment holding. The Group also involved in distribution and retail businesses including Land Crawford, Joyce and City'Super. Operations are carried out in Hong Kong, the British Virgin Islands, the People's Republic of China and Singapore.

History

Wheelock and Company was created from the purchase of Wheelock and Marden Company Limited, a British Hong founded as Shanghai Tug and Lighter Limited in 1857 in Shanghai by St. Stephen, New Brunswick born Captain Thomas Wheelock. [ [http://www.thehardoons.com/TNG/histories/kwok.pdf Conclusion ] ] G.E. Marden founded Marden and Company in 1927 and merged with Thomas Wheelock's tug company to form Wheelock and Marden Company Limited in 1927. The new company operated other ships and later moved their operations to Hong Kong following World War II. The new company diversified from transportation to custom's clearing, container delivery, warehousing and travelling. Marden's son John L. Marden was once the head of the company. It was acquired by local tycoon Yue-Kong Pao in 1985.

Operations

Today's Wheelock and Company is a holding company with principal interests in real estate in Hong Kong, Singapore, China, and the UK. The firm develops hotels, housing, and shopping centers through primary subsidiary Wharf Holdings (of which Wheelock owns nearly half), as well as Wheelock Properties (more than 70%-owned). In addition to its property holdings, Wharf has interests in cable television, Internet access, and telecommunications providers in Hong Kong. Wharf also owns more than two-thirds of Modern Terminals, a shipping terminal operator in southern China.

People

The chairman is Peter K. C. Woo.

Competitors

Its major competitors are Cheung Kong Holdings Limited, CITIC Pacific Ltd., Sun Hung Kai Properties Limited.

Reference

External links

* [http://www.wheelock-company.com/ Company web site]


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