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Henderson Land Development Co Ltd ADR HLDCY

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Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

PREMIUM

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Company Profile

Business Description

Henderson Land Development, or HLD, is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 73%. The share disposals were the first since 1993, lessening the possibility of a privatization effort. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. HLD also controls several listed entities, including a 33.4% stake in Hong Kong Ferry, a 69.3% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50% stake in Miramar Hotel & Investment.

Contact
8 Finance Street, 72nd -76th Floor, Two International Finance Centre
Hong Kong, Hong Kong
T +852 29088888
Sector Real Estate
Industry Real Estate Services
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Stock Type
Employees 10,189