Spencer Wu

Wheelock Square (Wharf Group)

Founded in 1886, The Wharf (Holdings) Limited is a premier company with HK$169 billion of consolidated assets and a strategic focus on property and infrastructure in Hong Kong and the Mainland. The "Heart of the Group" is Harbour City and Times Square in Hong Kong. Together, they represent 46% of total Group assets and 63% of operating profit. Easily outperforming the general economy, 2008 operating profit rose by 20% over 2007 to nearly HK$5 billion. As "must visit" retail meccas for visitors, they accounted for 7% of total Hong Kong retail sales in full year 2008, and close to a phenomenal 10% in December 2008. "Building for Tomorrow" is the Group's mission. The dependability of cashflow from the "Heart of the Group" has enabled the Group to re-invest to build a new "Tomorrow" for the future. That new "Tomorrow" is clearly in Mainland China.