Wing Tai Properties Limited

{{Short description|Hong Kong property developer}}

{{more citations needed|date=April 2022}}

{{Infobox company

| name = Wing Tai Properties Limited

| logo = Wing Tai Properties Limited logo.png

| former_name = USI Holdings Limited

| hq_location = Hong Kong

| industry = Property development

| founded = {{start date and age|1991}}

| brands = {{ubl|WingTai Asia|Lanson Place}}

}}

Wing Tai Properties Limited (previously USI Holdings Limited) is a Hong Kong–based property developer,{{Cite web |date=2018-11-23 |title=Hong Kong developer jointly acquires US$591m London building |url=https://www.scmp.com/property/hong-kong-china/article/2174723/hong-kong-developer-wing-tai-part-joint-venture-acquiring |access-date=2022-03-28 |website=South China Morning Post |language=en}} operator of hospitality services{{Cite web |date=2017-12-13 |title=Hong Kong redevelopment specialist plans 'new Central' near SoHo |url=https://www.scmp.com/property/hong-kong-china/article/2123940/hong-kong-redevelopment-specialist-reveals-hk15-billion |access-date=2022-03-28 |website=South China Morning Post |language=en}} and owner of several tailoring factories.{{Cite web |date=2011-11-02 |title=Top suits celebrate Wing Tai boss' award for boosting renowned UK tailor |url=https://www.scmp.com/article/983627/top-suits-celebrate-wing-tai-boss-award-boosting-renowned-uk-tailor |access-date=2022-03-28 |website=South China Morning Post |language=en}} Listed on the Hong Kong Stock Exchange from formation in 1991,{{Cite web |title=369.HK {{!}} Wing Tai Properties Ltd. Company Profile & Executives - WSJ |url=https://www.wsj.com/market-data/quotes/HK/369/company-people |access-date=2022-03-28 |website=www.wsj.com}} it operates hotels under the brand names of WingTai Asia and Lanson Place.{{Cite web |title=Lanson Place |url=https://www.hospitalitynet.org/organization/17013457.html |access-date=2022-03-28 |website=Hospitality Net |language=en-us}}

Lanson Place

Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited, currently manages nine properties (four of which Wing Tai has equity in) under the Lanson Place brand, consisting of luxury personal hotels and residences in Hong Kong, Shanghai, Kuala Lumpur, Singapore, Manila, as well as an upcoming property in Melbourne (to be opened in 2024).{{Citation needed|date=May 2024}}

WingTai Asia

In July 2007, USI completed a general offer for the issued shares of Winsor Properties Holdings Limited. This rationalized Wing Tai Holdings and USI's shareholding in Winsor Properties, resulting in USI holding an interest of about 80%.{{Cite web |title=Wing Tai {{!}} Infopedia |url=https://eresources.nlb.gov.sg/infopedia/articles/SIP_1460_2009-02-14.html |access-date=2022-03-28 |website=eresources.nlb.gov.sg}}

Tailoring

USI's has garment factories in Hong Kong, China and Southeast Asia. It also has garment trading and branded products distribution. They were owners of Gieves & Hawkes, which they divested in 2012.{{Cite news |date=2012-04-11 |title=Gieves & Hawkes to be acquired by Li & Fung |work=Financial Times |url=https://www.ft.com/content/3b69e1be-83ea-11e1-82ca-00144feab49a |access-date=2022-03-28}}

References