Milestones Achieved on the Road to Success

Since its founding in 1954, Nan Fung Textiles Limited has demonstrated a bold and insightful spirit of entrepreneurship which has seen its evolution from the core business of textiles to a leading property developer, as well as a company with diversified business interests in the region and around the world.

From its first project in 1965, the Group’s real estate portfolio has expanded to more than 130 residential, commercial, institutional and industrial developments covering in excess of 57 million square feet, making it one of the region’s most established property developers.

Laying a strong foundation for further property development and expansion into other business sectors was the 1970 public offering of Nan Fung Textiles Consolidated Limited. The company was one of the first local businesses to list on the Hong Kong Stock Exchange. In 1989, the company was privatised and returned to Nan Fung Group. This privatisation contributed greatly to the Group’s future success and increased flexibility and autonomy to tap into new business sectors.

The Group’s first major property project was Fook Cheung Mansion, followed by the landmark construction of Nan Fung Sun Chuen in 1978. This was one of Hong Kong’s largest private residential developments and featured 2,800 apartments in 12 towers, covering 1.6 million square feet. The Group continued with large scale residential development projects with shopping mall facilities in Tseung Kwan O and Ma On Shan, such as Well On Gardens and Ma On Shan Centre, both of which were completed in 1994. Then in 2003, Tseung Kwan O Plaza, one of the largest residential projects in the district with a shopping mall of 375,700 square feet was opened. In 2011 and 2012, the Group was acknowledged by industry peers for its on-going commitment to high quality and sustainable development when it was honoured with the Hong Kong Top Ten Developers Award presented by BCI Asia.

Spurred on by its local achievements, the Group’s next vision was to strategically extend its property portfolio to Mainland China in order to capture its market growth. This happened in 1993, when the Group made an important strategic move by forming a joint venture partnership with Tifen, a Tianjin developer associated with the Tianjin government, and this began the start of many profitable ventures in Beijing, Shanghai, Guangzhou, Wuxi, Dalian and Sanya.

As a result of its success in Mainland China, the Group set up a joint venture private equity real estate fund with HSBC in 2007, with an AUM of USD 700 million, which helped investors to maximise returns by acquiring, developing, renovating and selling real estate through different real estate companies. The fund was called HSBC NF China Real Estate Fund and was renamed as InfraRed NF Greater China Real Estate Fund in 2011.

The Group also achieved another landmark success in the property sector in China during 2010. Having already established a strategic partnership with Sino-Ocean Land (SEHK : 3377), one of China’s largest developers, the Group became its second largest shareholder.

The year 2012 saw two very important milestones which further solidified the Group’s local and international reputation. First, the Group received an “Investment Grade Credit Rating” from Moody’s, Standard & Poor and Fitch Ratings. This was a prestigious, rare and enviable achievement, often difficult to realise for a privately-owned company. Secondly, its strength and business acumen was recognised by the market with a successful bond issue of USD 350 million and USD 250 million raised on the Singapore Stock Exchange.

Nan Fung Group’s Milestones

1954

Nan Fung Textiles Limited

Founded by Dr. Chen Din Hwa and subsequently expanded to become the largest yarn spinner in Hong Kong

Nan Fung Textiles Limited

1965

Fook Cheung Mansion

Nan Fung’s first property development was completed

1970

Nan Fung Textiles Consolidated Limited

Among one of the earliest companies in Hong Kong
to list on the Stock Exchange of Hong Kong

1978

Nan Fung Sun Chuen

Completion of one of the largest private residential projects in Hong Kong, with a total GFA of 1.6 million square feet, comprising 12 towers with 2,800 apartments

Nan Fung Sun Chuen

1989

Nan Fung Textiles Consolidated Limited

Privatised and incorporated into the Nan Fung Group

Nan Fung Group

1990s

Tifen Industrial Park

The first development in Mainland China was completed in 1993, a joint venture with Tifen

Tifen Industrial Park
Well On Garden

The first large-scale private development in Tseung Kwan O was completed in 1994

Well On Garden
Ma On Shan Centre

One of the first large-scale private developments in Ma On Shan was completed in 1994

Ma On Shan Centre

2000s

Tseung Kwan O Plaza

One of the most popular large-scale private developments in Tseung Kwan O was completed in 2003

Tseung Kwan O Plaza
HSBC NF China Real Estate Fund

Established in 2007 with AUM of USD 700 million

HSBC NF China Real Estate Fund

2010s

Sino-Ocean Land (SEHK: 3377)

Became the second largest shareholder in 2010

Sino-Ocean Land (SEHK: 3377)
Hong Kong Top Ten Developers Award

The Group’s commitment to high quality and sustainable development was recognised in 2011 with an award from BCI Asia

Hong Kong Top Ten Developers Award
Investment Grade Credit Rating

Obtained the rating from Moody’s, Standard & Poor, and Fitch Ratings in 2012

Bond Issue
Successfully launched bond issues of USD 350 million and USD 250 million respectively on the Singapore Stock Exchange in 2012

Bond Issue
Winfield

Situated in one of the most prestigious districts of Hong Kong, Happy Valley, featuring 84 apartments

Winfield
The Visionary

One of the large-scale private developments in Tung Chung will be completed in 2015

The Visionary

NF Group has been awarded numerous 2013-2014 Caring Company certificates by the HK Council of Social Service

2013-2014 Caring Company certificates
HKBEAM Platinum Standard

a. Providence Bay
b. Providence Peak
c. The Graces – Providence Bay

HKBEAM Platinum Standard

Asia Pacific Property 2014/2015 Award in the Commercial Renovation / Redevelopment – Hong Kong category received in recognition of the Group’s Hong Kong headquarters, Nan Fung Tower

Asia Pacific Property 2014/2015 Award

2014 – Nan Fung Group 60th Anniversary

Nan Fung Group 60th Anniversary

The Place, Guangzhou has achieved 10th place in the 2013 Emporis Skyscraper Award

2013 Emporis Skyscraper Award

Nan Fung Group was named one of the Top 10 Developers for 2014 by BCI Asia for four straight years.

2014 BCI Asia Top 10 Developers