Chow Tai Fook Enterprises Ltd. (Chinese: ?????????) is a Hong Kong conglomerate company engaged in the property development, hotel, casino, transportation, jewellery, port and telecommunications businesses. It is ultimately owned by Cheng Yu-tung's Family.
Video Chow Tai Fook
Subsidiaries and affiliates
Chow Tai Fook Enterprises Limited is the major shareholder of a number of listed companies, including New World Development Co. Ltd. (?????????) (HKSE: 0017) and NWS Holdings Limited (?????????) (HKSE: 0659). Chow Tai Fook Jewellery Group Limited (???????????), an affiliate of Chow Tai Fook Enterprises Ltd., is also a listed company. (HKSE: 1929).
New World Development
New World Development is one of the leading property developers based in Hong Kong. It has been listed on the Stock Exchange of Hong Kong since 23 November 1972. It owns the Marina hotel property in Manila, the Philippines.
NWS Holdings
Chow Tai Fook Enterprises Limited and NWS Holdings jointly own Citybus Limited & New World First Bus Services Limited., two of the major bus service providers in Hong Kong.
Chow Tai Fook Jewellery
Chow Tai Fook Jewellery is a jewellery retailer founded by Chow Chi Yuen. His son-in-law Cheng Yu-tung took over the business in 1956 and their family ultimately owns the business. The brand is popular in the Chinese-speaking world. The store has retail outlets in several countries, including over 2,000 retail outlets in mainland China.
By September 2010, there were 1,000 chain stores in mainland China (including franchisees and its own outlets, and the Chow Tai Fook Jewellery set up its objective of opening 2,000 chain stores in mainland China by the year of 2020. Chow Tai Fook Jewellery, plays a leading role in its market segment for a long time since it foundation, esp. from 1997. For 5 continuous years since 2005, it held the No.1 position of market share in its market segment
In 2010, Chow Tai Fook Jewellery purchased a 507-carat diamond for $35.3 million, setting a new record for the highest price paid for a rough diamond.
On 15 December 2011, Chow Tai Fook Jewellery became listed on the Stock Exchange of Hong Kong at a price of HKD 15 per share under the stock code 1929.HK.
On 3 April 2017 the company acquired the Pink Star diamond at an auction in Hong Kong for USD 71.2 m (553 million Hong Kong dollars including fees).
On 23 May 2018, The Gemological Institute of America (GIA) partnered with Chow Tai Fook on a pilot program that will use blockchain to deliver digital diamond-grading reports.
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See also
- Chow Sang Sang
References
External links
- Chow Tai Fook Jewelry
- Chow Tai Fook Jewelry Company Limited
- Huge for Its Bling, Unknown in West (Chow Tai Fook article in Nov 12, 2011 Wall Street Journal)
Source of article : Wikipedia
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