Kowloon Development Company
| Company type | Public |
|---|---|
| Industry | Property development, Investment |
| Founded | January 1961 |
| Founder | Ng Siu Chan, William Sui-tak Louey, others |
| Headquarters | Hong Kong , Hong Kong |
Area served | Hong Kong |
Key people | Or Wai Sheun (controller via Polytec Macau) |
| Products | Real estate projects, property development, investment |
| Owner | Polytec Macau (since 2002) |
| Parent | Polytec Macau |
Kowloon Development Company Limited () (SEHK: 0034) operates as a property development and investment firm headquartered in Hong Kong. It also possesses a shareholding in Polytec Asset Holdings Limited (SEHK: 0208).
History
Established in January 1961 by Ng Siu Chan, William Sui-tak Louey, along with other entrepreneurs, Kowloon Development originally concentrated on real estate projects within Hong Kong.
In 1982, the company ventured into the local entertainment and film industry by founding Golden Princess Amusement Co Ltd.
The firm was publicly listed on the main board of the Hong Kong Stock Exchange in 1995, trading under the stock code 0034.
Polytec Macau, controlled by Or Wai Sheun, acquired Kowloon Development in 2002. Subsequently, in 2005, the company took over Polytec Asset, which was burdened with significant debt. Beginning in 2010, Kowloon Development broadened its land portfolio through participation in auctions and redevelopment initiatives, thereby enhancing its property assets.