Pioneer Global Group Explained

Pioneer Global Group is a Hong Kong real estate development company and investor, listed on the Hong Kong Stock Exchange, controlled by the Gaw family.[1]

Pioneer Global was founded by Anthony Gaw, and is 21% owned by his widow Rosanna Wang Gaw, 10% by his son Kenneth Gaw, and 1.71% by his daughter Christina Gaw.[2]

The chairman is Rosanna Wang Gaw, the managing director is Kenneth Gaw, the vice chairman is Goodwin Gaw, executive directors are Christina Gaw and Kam Hung Lee.[2] [3] [4]

In 2015, Pioneer Global together with Gateway Capital bought the Intercontinental Hong Kong for US$938 million and planned to spend a further $240 million to renovate it.[5] Pioneer Global also has hotel interests in Thailand.[5]

In January 2017, Pioneer Global sold the 24-storey Pemberton Building in Sheung Wan for HK$1 billion to a British Virgin Islands-registered company said to be controlled by property investment firm Octa Capital Partners, having bought it in 2011 for HK$523 million.[1]

Notes and References

  1. Web site: Gaw's Pioneer Global Sells HK Tower for $129 Mil - Mingtiandi. www.mingtiandi.com. 22 August 2017.
  2. http://www.irasia.com/listco/hk/pioneer/annual/ar178509-e101_1.pdf
  3. Web site: Pioneer Global Group Limited: CEO and Executives - Bloomberg. www.bloomberg.com. 22 August 2017.
  4. Web site: $ $ People - Reuters.com. Reuters. Editorial. U.S.. 22 August 2017.
  5. Web site: Pioneer Global to buy Intercontinental HK in US$938 million deal - ChinaTravelNews. www.chinatravelnews.com. 22 August 2017.