HONG KONG, Feb. 7 /Xinhua-PRNewswire-FirstCall/ -- Emperor International Holdings Limited ("the Group"/"EIH") (163HK, EPRRY) today announced the appointment of Mr. Cheung Ping Keung Donald as an Executive Director of the Group, effective from 8 February, 2007.
Mr. Cheung holds a B.A. (Honours) degree from the University of London and is a Chartered Valuation Surveyor, a fellow both of the Royal Institution of Chartered Surveyors and the Hong Kong Institute of Surveyors and an Accredited Canadian Appraiser. He has over 30 years' experience in property development, professional general practice surveying and real estate agency in Hong Kong, Macau, China and Canada. Mr. Cheung, joined the Group in May 2005, has been the Director of the Group's Property Department and plays a key role in formulating property development strategies and expanded the Group's property division. Prior to joining EIH, he was the executive director of Henderson Investment Limited, a listed company on the main board of the Hong Kong Stock Exchange.
Ms. Luk Siu Man Semon, Chairperson of the Group, said, "The Board welcomes Mr. Donald Cheung to his new position. He has further strengthened the Group's management team. We believe his extensive experience and expertise in property industry will help the Group further accelerate our property investment and development."
Mr. Cheung said, "I am delighted to have the opportunity to contribute to the wealth of talents in the Group and am ready to meet the challenges in my new capacity."
Since the joining of Mr. Cheung, the Group has sped up its pace in property business. The Group acquired an 88,420-square-feet site along the Chang' An Avenue in Beijing last year to build the China headquarter of the Emperor Group. The Group had also recently acquired several high-quality urban sites, including a 20,000-sf-site in Mid Levels Hong Kong, to redevelop them into high-quality residential complexes.
The new appointment shows the Group's determination and capability to expand its property business, following the disposal and discontinuation of some non-core operations. Mr. Cheung will work closely with the expanding property team on various projects, including the construction of a 151,000-sf GFA multifunctional beach-front recreation complex at Repulse Bay, Hong Kong and a 1.1 million-sf GFA retail hotel complex in Shanghai, PRC.
The market value of the Group's property portfolio in Hong Kong, Macau and Mainland China reached HK$5 billion. It will continuously look for expansion opportunities -- especially in higher-yield development projects in Mainland China -- to maximize the return for shareholders.
Following the appointment of Mr. Cheung, EIH's Board of Directors comprises nine members, five of whom are executive directors.
About Emperor International Holdings Limited
Emperor International Holdings Limited is an investment holding company, which is principally engaged in property development and investment business. It also engages in hotel and financial brokerage services operations.
For Press Enquiries:
Emperor International Holdings Limited
Sidney Luk Tel: +852 2835 6715 Email: sidneyluk@emperor.com.hk
Christina Ng Tel: +852 2835 6787 Email: christinang@emperor.com.hk
Fax: +852 2893 5327
Website: www.emp163.com
