Nan Fung Group Explained

Nan Fung Group
Type:	Private
Location:	23rd Floor, Nan Fung Tower, 88 Connaught Road C, Central, Hong Kong
Key People:	Chen Din Hwa (deceased, founder) Vivien Chen (chair emeritus) Antony Leung (chair and chief executive)
Industry:	Conglomerate
Products:	Real estate, hotels, investment, shipping

Nan Fung Group is a privately held group of companies carrying on the business of property development as its core business in Greater China, as well as shipping, textiles and financial services. It is also one of the leading property developers and largest privately held developers in Hong Kong.^{[1] [2]}

Company background

The history of Nan Fung Group can be traced back to 27 May 1954, when Nan Fung Textiles Limited was founded by Ningbo-born businessman, Chen Din Hwa as a small textile company in Hong Kong.^[3] Nan Fung Group started its first real estate project in 1965. In 1978, it developed its first major private housing estate, Nam Fung Sun Chuen, in Quarry Bay, Hong Kong.^[4]

Property development and other businesses

Nan Fung Group has property development as its core business. The group entered the property development business in the mid-1960s in Hong Kong by purchasing residential and commercial buildings and then by land acquisition for development. In the mid-1990s, the group began investing in China's property market and since 2001 has built projects in major Chinese cities including Beijing, Shanghai and Guangzhou. The group is also involved in international projects as sole investor or as a joint venture partner in major cities around the world.^[5]

Nan Fung Group diversifies in businesses in areas such as property construction, property management, property finance, hotel and the shipping industries.^[6]

Executives

Vivien Chen, the younger daughter of Chen Din Hwa, became the Chairman of Nan Fung Group when her father was diagnosed with Alzheimer's disease in 2009 and stepped down in 2014.^[7] Vivien is still the company's controlling stakeholder and serves as honorary chairman while her youngest daughter Vanessa serves as the managing director.^{[8] [9] [10]}

Antony Leung, the former Financial Secretary of Hong Kong, joined Nan Fung Group as the group's Chief Executive in February 2014.^[11]

List of chairmen

• Chen Din-hwa (1954–2009)
• Vivian Chen (2009–2016)
• Antony Leung (2016–)

External links

• Official website of Nan Fung Group

Notes and References

1. Web site: dead . Establishment and First Closing of the Banyan Tree Indochina Hospitality Fund . https://web.archive.org/web/20090407112523/http://banyan.listedcompany.com/newsroom/FirstCloseAnn280208.pdf . 7 April 2009 . Banyan Tree Holdings Limited .
2. Web site: Nan Fung Group . dead . https://web.archive.org/web/20041023122812/http://www.emporis.com/en/cd/cm/?id=106165 . Oct 23, 2004 . Emporis.
3. Web site: 12 Mar 2009 . Hong Kong's 40 Richest (1-10) . dead . https://web.archive.org/web/20180622060441/http://news.alibaba.com/article/detail/list/100067573-1-hong-kong's-40-richest-(1-10).html . Jun 22, 2018 . Alibaba . Forbes.
4. Web site: Milestones . https://web.archive.org/web/20090321122039/http://www.nanfung.com.hk/eng/about/milestones.htm. dead. Nan Fung Group . 21 March 2009.
5. Web site: Property. Nan Fung Group.
6. Web site: Our Business. Nan Fung Group.
7. Web site: Vivien Chen. Forbes.
8. Web site: Vivien Chen . Hong Kong Tatler. 17 June 2019 . live . https://web.archive.org/web/20190617170207/https://hk.asiatatler.com/people/vivien-chen . 17 June 2019 .
9. Web site: Creating New Opportunities by Embracing Change . Vivien . Chen . Nan Fung Group . 17 June 2019 . dead . https://web.archive.org/web/20190808093957/http://www.nanfung.com/en/group/message/ . Aug 8, 2019 .
10. Web site: Ong Chi Tuan Joins InfraRed NF in Hong Kong. 22 May 2019. Mingtiandi. 17 June 2019.
11. Web site: Antony Leung to Become Group CEO of Nan Fung Group . 19 November 2013 . blackstone.com.