To: Business Editor For immediate release
HONGKONG LAND ANNOUNCES APPOINTMENT OF NEW CHIEF
3rd October 2006 – Hongkong Land today announced that Nicholas Sallnow-Smith is to
retire as Chief Executive of the Company on 31st March 2007. He will be succeeded
by Y K Pang.
Y K Pang has been with the Jardine Matheson Group since 1984, and is currently a
director of Jardine Matheson Limited with responsibility for Jardine Motors Group.
He is also chairman of Jardine Matheson (China) where he supports the group’s
development strategy in the markets of mainland China; a position that he will retain in
his new role with Hongkong Land.
Chairman of Hongkong Land, Simon Keswick, said, “I would like to thank Nick for his
significant contribution to Hongkong Land. During his tenure as Chief Executive,
Nick has overseen a number of significant developments in the Group’s commercial and
residential operations that have laid the foundation for future profit growth.”
I would also like to welcome Y K Pang to his new role. He brings with him
considerable commercial experience, particularly from Hong Kong and mainland
China”, Mr Keswick added.
Hongkong Land is a leading property investment, management and development group
with a major portfolio in Hong Kong, where it owns and manages some five million sq.
ft of prime office and retail space in the heart of the Central business district. The
Group also develops high quality commercial and residential property projects
elsewhere in Asia and holds a 77% shareholding in Singapore-listed residential property
developer, MCL Land. These assets are managed from Hong Kong by Hongkong
Land Limited, which provides services to Group companies.
Hongkong Land Holdings Limited is incorporated in Bermuda with its primary share
listing in London. The Company’s shares are also listed in Bermuda and Singapore.
Hongkong Land is a member of the Jardine Matheson Group.
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For further information, please contact:
Hongkong Land Limited
Nicholas Sallnow-Smith (852) 2842 8300
C T Hew (852) 2522 7928
This and other Group announcements can be accessed through the Internet at