November 22, 2019 – Hong Kong – Great Eagle Group Limited (“Great Eagle” or the “Group”, stock code: 41) is delighted to announce that it has been placed among the “Listed Enterprises of the Year 2019” by Bloomberg Businessweek/Chinese Edition and has also won its “Outstanding Performance – Best Sustainability”.
“Listed Enterprises of the Year” is organized by Bloomberg Businessweek/Chinese Edition to give recognition to listed companies for their outstanding performance. Candidates are evaluated by Bloomberg Terminal according to eight criteria, namely, business performance, corporate governance, investor relations, development strategy, corporate social responsibility, sustainability, innovation and risk management. Winners are then selected from the shortlisted companies by a judging panel whose members come from the government, academia and business community.
Mr. Alexander Lo, Executive Director of Great Eagle Group, says, “For two consecutive years, Great Eagle has been rated as one of the “Listed Enterprises of the Year”, demonstrating the all-round excellence of the Group. At the same time, we are proud that riding on the “Outstanding Performance” award on Best Development Strategy received last year, we won the award again on the area of “Best Sustainability”. The award recognizes our achievement in sustainable development, and that the Group pragmatically embeds the concept of sustainability into its businesses while being visionary and doing social good.”
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About Great Eagle Group
Great Eagle Group was founded in 1963, and was listed on the Hong Kong Stock Exchange in 1972 (Stock Code: 41). The Group’s principal holdings include Champion Real Estate Investment Trust (Champion REIT) (Stock Code: 2778) and Langham Hospitality Investments (LHI) (Stock Code: 1270), which were listed in Hong Kong in 2006 and 2013, respectively. Being a Hong Kong developer, the Group also owns and manages an extensive international hotel portfolio under “The Langham” and affiliate brands. Founded and headquartered in Hong Kong, the Group develops, invests in and manages high quality residential, office, retail and hotel properties across Asia, North America, Australasia and Europe.
For the property portfolio, Champion REIT owns a Grade-A commercial office space at Three Garden Road in the central business district of Hong Kong, as well as the office tower and shopping mall of Langham Place in Mongkok, Kowloon. For the hotel portfolio, the Group owns more than 10 luxury hotels globally and manages over 20 international hotels, operating under “The Langham” and affiliate brands, with a total number of rooms exceeding 10,000. In addition, LHI owns the three hotels in Hong Kong, including The Langham, Hong Kong in Tsim Sha Tsui; Cordis, Hong Kong in Mongkok; and Eaton HK in Jordan.
The Group’s development projects in progress include a residential project at Pak Shek Kok, Tai Po, Hong Kong, three development projects in San Francisco and Seattle, the U.S., as well as a hotel redevelopment project in Tokyo, Japan.
Great Eagle Group has been placed among the “Listed Enterprises of the Year 2019” by Bloomberg Businessweek/Chinese Edition and has also won its “Outstanding Performance – Best Sustainability” award.
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