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K. Wah Group welcomes “A New Year of Success and Achievements” with its Spring Cocktail Reception 2019

05 Mar 2019

K. Wah Group hosted a spring cocktail reception to celebrate with its esteemed guests and business partners in the Chinese New Year as well as the Group’s fruitful accomplishments of the past year.

The reception was graced by the presence of top government officials and business leaders, among them Xie Feng, Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR, He Jing, Deputy Director of the Liaison Office of the Central People’s Government in the HKSAR, Sun Xiangyi, Director-General of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the HKSAR, Guo Hengbin, Director-General of Kowloon sub-office of the Liaison Office of the Central People’s Government in the HKSAR, Li Jiyi, Director-General of New Territories sub-office of the Liaison Office of the Central People’s Government in the HKSAR, Joshua Law, Secretary for the Civil Service, the Government of the HKSAR, Sophia Chan, Secretary for Food and Health, the Government of the HKSAR, Kevin Yeung, Secretary for Education, the Government of the HKSAR, Sai-hung Lam, Permanent Secretary for Development (Works), the Government of the HKSAR, Song Wei, Deputy Director- General, Coordination Department of the Liaison Office of  the Central People’s Government in the HKSAR and Wang Qi, Director-General of the Department of International Organizations and Conferences of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR as officiating guests, who joined Group Chairman Dr Lui Che-woo, Mrs  CW Lui and senior management of the Group to officiate the toasting ceremony. Close to 800 guests attended and enjoyed the splendid occasion.

  

“K. Wah is reporting encouraging results for the past year in the four divisions. I look forward to the Group working together with our business partners to scale new heights. In 2020, K. Wah Group will celebrate its 65th anniversary. I have no doubt that the Group will continue to work through a prudent and pragmatic approach and in the spirit of innovation and progress.” Dr Lui Che-woo, Chairman of K. Wah Group said.

Four core business divisions reporting growth on solid strengths

The Group’s four business pillars have all reported stable development for the past year. GEG has been marked by substantial growth in revenue, while the Cotai Phases 3 and 4 projects have made good progress, complemented by ongoing efforts to advance the Hengqin development plans. GEG has also been keenly exploring opportunities in the overseas markets, working closely with Monte-Carlo Société des Bains de Mer in Monaco and its business partners in Japan towards the development of a world-class integrated resort in Japan. In the properties division, KWIH has reported sound property sales in Hong Kong and Mainland China, while adding sites in the Yangtze River Delta region and the Pearl River Delta region to its land bank in a further extension of K. Wah’s property business footprint.

The Group’s InterContinental Grand Stanford Hong Kong has captured the most prestigious title of “World’s  Leading  Luxury Business Hotel” at the “World Travel Awards” for the third consecutive year, while the Stanford Residences Victoria Harbour serviced apartment has been named the “Asia’s Leading Hotel Residences”. In the United States, the Group’s LUMA Hotel in Times Square, New York has been well received by market since its official opening, while the hotel project in Mission Bay, San Francisco is scheduled for completion in next summer. The five-star hotel in the central area of Washington D.C. is due to open in the fourth quarter this year, while another five-star hotel is under development in Seattle. In construction materials, KWCM has been a supplier for the south runway resurfacing project at the Hong Kong International Airport last year, as well as the recently opened Hong Kong-Zhuhai-Macao Bridge, to which it has supplied ready-mixed concrete, asphalt and concrete pipes. KWCM has also been appointed a ready-mixed concrete supplier for the third runway construction project, as it continues to make contributions to our city’s development.

Selected awards won by K. Wah Group are displayed during the reception to mark the Group's outstanding business achievements during the past year.

Close to 800 guests attended the spring cocktail reception and celebrated the advent of the Chinese New Year.

Fulfillment of corporate social responsibility and promotion of world harmony

While focusing on business development, the Group has also been giving vigorous support to community welfare initiatives, including donations to Peking University and Tsinghua University during the past two years. Meanwhile, the LUI Che Woo Prize– Prize for World Civilisation founded four years ago by Dr Lui, has awarded nine deserving laureates in the past three years in recognition of their contributions in promoting sustainable development of the world, welfare betterment and enhancement of positive energy.

The spring cocktail reception is preluded by a stunning drum show.

Exhibition booths of the four core businesses as event highlight

An exhibition booth was set up for each of K. Wah Group’s four core divisions at the reception. GEG put up a 3D backdrop featuring Galaxy Macau™, Broadway Macau™ and StarWorld Hotel, providing a popular spot for taking pictures. At the properties business booth, a feature wall was being erected to showcase K. Wah’s iconic properties. Leung Fai-hung, Executive Chinese Chef at InterContinental Grand Stanford Hong Kong, introduced the special dishes created to celebrate his career of 40 years. The KWCM booth told the story of the company’s contribution through a 3D backdrop of the Hong Kong International Airport runway and the Hong Kong-Zhuhai-Macao Bridge.