Milestones
  • 2020s
  • 2010s
  • 2000s
  • 1990s
  • 1980s
  • 1970s
  • 2018

    • SOCAM made a conditional cash offer to buy back 100 million SOCAM shares at a price of HK$2.50 per share.

      SOCAM acquired a 23-storey commercial building situated in Kwun Tong, Kowloon, Hong Kong, expanding SOCAM’s property portfolio beyond Mainland China.

  • 2017

    • SOCAM sold an aggregate of 15% share interest in Shui on Contractors Limited to seven senior executives in the Company’s Construction Division, under an employee equity participation arrangement.

      The Group completed the disposal of its entire 22% interest in the Dalian Tiandi project to Yida Group.

    • Issued 3-year US$ denominated notes in an aggregate amount of US$280 million.

      Chairman Mr. Vincent H.S. Lo was awarded the Grand Bauhinia Medal by The Government of the Hong Kong Special Administrative Region.

  • 2015

    • SOCAM completed the disposal of its 45% interest in the joint-venture Lafarge Shui On Cement Limited to Lafarge SA.

  • 2013

    • Announced the Group’s strategic monetisation plan to divest property assets in an orderly manner and unlock the asset values.

  • 2012

    • SOCAM’s first hotel and branded residence project in the Chinese Mainland, Four Seasons Hotel Pudong and Four Seasons Place, was opened.

  • 2011

    • Shui On Construction and Materials Limited was renamed as SOCAM Development Limited to reflect the significant progress of its transformation.

    • SoTan China Real Estate I, LP was formed, targeting special situation projects in the Chinese Mainland.

    • SOCAM was selected as a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

    • SOCAM’s 2010 Annual Report clinched a Gold Award under Non-Hang Seng Index (Mid-to-small Market Capitalisation) Category in the Best Corporate Governance Disclosure Awards 2011 organised by The Hong Kong Institute of Certified Public Accountants.

      Shui On Company Limited, the parent company of SOCAM, completed the voluntary unconditional partial cash offer and option offer to acquire 54,000,000 shares in the issued share capital of SOCAM from the qualifying shareholders at a price of HK$12 per share, thereby increasing its shareholding in SOCAM from 37.59% to 48.61%.

  • 2009

    • CCP became a wholly-owned subsidiary of SOCAM after completion of the privatization, and was renamed Shui On China Central Properties Limited.

      Chairman Mr. Vincent H.S. Lo won the world’s prestigious business award “Ernst & Young Entrepreneur of the Year 2009” in the China Real Estate Category, and was chosen as the grand country award winner among the 12 category winners.

    • SOCAM won the Best Practice Award 2009 in Corporate Social Responsibility organised by the Best Practice Management Group, in recognition of the Group’s commitment and efforts in the area.

  • 2008

    • SOCAM garnered the Hong Kong Corporate Governance Excellence Award by The Chamber of Hong Kong Listed Companies, in recognition of its early efforts to adopt the best corporate governance practices among its local peers.

  • 2007

    • SOCAM took a 22% equity interest in a joint venture with Shui On Land and Yida Group to participate in the development of Dalian Software Park Phase 2 (then renamed as “Dalian Tiandi”), representing the Group’s first move in developing knowledge communities.

      Formed China Central Properties Limited (CCP) to focus on investment in distressed property development projects in the Chinese Mainland, and subsequently listed CCP on the London Stock Exchange’s AIM Board.

  • 2006

    • SOCAM Asset Management Limited was established to drive the development of the Group’s distressed property business.

      Issued HK$930 million zero coupon convertible bonds due 22 July 2009.

  • 2005

    • Acquired, with JP Morgan and other partners, Xiwang Building, an unfinished Grade A office plaza in Dalian, representing the Group’s first investment in distressed property development, a new core business.

      Formed Lafarge Shui On Cement Limited, a joint venture that merged the respective major cement operations in China of SOCAM and of Lafarge and became one of the leading cement operation in Southwest China.

    • SOCAM sold its construction materials operations in Hong Kong and the Pearl River Delta.

  • 2004

    • Acquired several major cement companies in Yunnan, which will have a combined annual production capacity of 4.5 million tonnes when a new kiln under construction in the provincial capital is completed.

      Contributed the development rights for Rui Hong Xin Cheng in Shanghai to Shui On Land Limited, which was listed on the Hong Kong Stock Exchange in 2006.

  • 2002

    • Completed two rotary kilns in Guizhou Province and acquired Qujiang Cement in Sichuan Province, increasing annual cement production capacity.

      Chairman Mr Vincent H.S. Lo was named Director of the Year - Listed Company Executive Director by the Hong Kong Institute of Directors.

  • 2001

    • Acquired from its parent company, the Shui On Group, the development rights for Rui Hong Xin Cheng in Shanghai, one of the city’s largest and earliest large-scale urban redevelopment projects.

      Acquired three cement operations in Guizhou and commenced construction works for two new kilns.

    • Chairman Mr Vincent H.S. Lo was awarded Businessman of the Year of the DHL/SCMP Hong Kong Business Awards 2001.

  • 2000

    • Launched two e-commerce websites, AsiaMaterials.com and SOCAM.com, for trading of construction materials in response to the dotcom boom and associated proliferation of ecommerce applications.

      Acquired the first cement plant in Zunyi, Guizhou.

    • Set up the first Yangtze Ventures fund together with other investors to make direct investments in technology-based and high-growth ventures in the Yangtze River area, to capture the opportunity for high-returns from the success of innovative businesses.

  • 1998

    • Acquired 60% interest in the Nanjing Jiangnan Cement Co Ltd.

      Acquired development rights of Bauhinia Garden, a Private Sector Participation Scheme project, at Tseung Kwan O.

  • 1997

    • SOCAM (Shui On Construction and Materials Limited) was listed on the main board of the Stock Exchange of Hong Kong in February 1997. The newly listed company combined the construction business of the Shui On Group, which was the founding business of Shui On in 1971, as well as Shui On’s construction materials operations, which had built a successful 20-year record.

top