Wheelock & Co

Wheelock and Company Limited is a Hong Kong-based financial real estate company. 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 is also involved in distribution and retail businesses including Lane 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 Captain Thomas Reed Wheelock (born St. Stephen, New Brunswick 1843 - died 1920, Shanghai, China).[1] G.E. Marden founded Marden and Company in 1925 and merged with Thomas Wheelock's tug company to form Wheelock and Marden Company Limited in 1932. 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 Sir Yue-Kong Pao in 1985. Captain Wheelock married Edith Haswell Clarke in 1872 and had several children, including Geoffrey Wheelock and Florence).[2] Wheelock came to China following his brother Robert. Wheelock retired in 1889 to spend time in Boston and St. Andrew, New Brunswick.[2] Wheelock's departure from China was short and returned in 1897[2] died in 1920 in Shanghai.

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 Woo.

Competitors

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

See also

References

  1. ↑ Conclusion
  2. 1 2 3 Shen, Lindsay (2012). "Knowledge is Pleasure: Florence Ayscough in Shanghai". ISBN 9789888139590.

External links

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