Tai Sang Land Development Celebrates Golden Jubilee

• Published date: 21 February 2023
• Publication title: Xinhua Finance Agency

Hong Kong-RootedInnovation-DrivenFuture-Focused 50th anniversary celebrations include FandB and hotel accommodation giveaways HONG KONG SAR - Media OutReach - 21 February 2023 - Tai Sang Land Development Limited (Tai Sang Land; Stock Code: 89, Listed on The Stock Exchange of Hong Kong Limited) today celebrates its 50th anniversary as a listed company. Tai Sang Land has sailed through the peaks and troughs alongside Hong Kong for over half a century.

In honour of its Golden Jubilee and many more fruitful years to come, the Company is launching a series of giveaways for Hong Kong residents to enjoy free drinks and stays at the Arca hotel in Wong Chuk Hang.Deeply rooted in Hong Kong for over 50 years, Tai Sang Land strongly values stability while also seeking to excel by making proactive changes.

It continuously endeavours to develop a wide variety of quality property projects and services, advancing together with the economy of Hong Kong. "Tai Sang Land Development Limited" was founded by the late Mr.

Ma Kam Chan, and its shares were listed on the Far East Exchange Limited and the Kam Ngan Stock Exchange Limited with a net asset value of approximately HK$160 million on 21st February 1973. As the Hong Kong economy took off in the 1970s and 1980s, property demand also skyrocketed. Tai Sang Land developed an array of residential, industrial and warehouse, and commercial properties in the districts of North Point, Sai Wan, Aberdeen, Stanley, Kwun Tong and Kwai Chung, etc.

Tai Sang Land also expanded into such other businesses as insurance and, in particular, because manufacturing and trading were the pillars of the Hong Kong economy at the time, Tai Sang Land also aggressively expanded into warehousing services, with a network occupying over 1 million square feet of warehouse space to cover the whole territory, and became the single largest operator of warehousing services at the time. Expanding into the international market, in the mid-1980s Tai Sang Land also built Montgomery Plaza, a high-rise office tower constructed atop a historical landmark in San Francisco, California, USA.

Striving for excellence through diversifying business streams As the economy of Hong Kong gradually moved from manufacturing towards commercialisation in the late 1980s and 1990s, Tai Sang Land also shifted its strategies. Apart from purchasing residential land plots on The Peak, developing a composite building in Sai Wan and a luxury residential project, Floral Villas, in Sai Kung...