Prosperity Group, which includes the Company and its subsidiaries, was founded by Mr. David Ben Koon WONG (Chairman & Executive Director of Prosperity International) in 1980, trading raw and building materials. The Group began specializing in the trading of iron ore and cement in 1991.
  • 2001
    The Company successfully listed on the GEM Board of the Hong Kong Stock Exchange (“HKSE”).
  • 2006
    Prosperity Group reorganization: the Company disposed of its decorative sheet manufacturing business and acquired the clinker and cement trading business.
  • 2007
    Established a joint venture with Anhui Venture Investment Company Limited to develop a public port and warehouse in Jiangsu Province, China.
  • 2008
    Acquired 60% interest in the Xiang Lu Shan Granite Mining Project located in Guangxi Province, China. Transferred the listing to the Main Board of the HKSE.
  • 2009
    Acquired over 50% equity interest in Prosperity Minerals Holdings Limited (“PMHL”), a company listed on AIM of the London Stock Exchange. PMHL owns and operates cement manufacturing business in China, including several cement and clinker manufacturers and an iron ore trading business serving the same market.
  • 2010
    Prosperity Group completed the divestment of the bulk of its cement assets, with the exception of its interest in Anhui Chaodong Cement Company Limited, for a consideration of HK$3.8 billion in cash. Prosperity Group established a new business unit, Real Estate Investment and Development in China, and acquired and invested in several new development projects in Guangzhou and Zhangzhou, as well as an existing commenced building in Guangzhou. Prosperity Group acquired an effective 35% interest in United Goalink Limited (“UGL”), a joint venture company engaged in the exploration and production of iron ore in Brazil.
  • 2011
    Prosperity Group acquired a real estate development project in Hangzhou City, Zhejiang Province, PRC (“Hangzhou Development Project”). Presales of the first block of residential units of Oriental Landmark in Guangzhou City commenced in December, and were positively received by the market.
  • 2012
    The public port and warehouse in Jiangsu Province, China was completed and commercial operations commenced.
  • 2013
    Prosperity Group completed the disposal of the Hangzhou Development Project at RMB 221.8 million for a gain of disposal of approximately HK$ 44 million. Prosperity Group completed the divestment of its entire 16.11% interest in TCC Liaoning Cement Company Limited at RMB 144.5 million for a gain of disposal of approximately HK$ 49 million. Prosperity Group completed its privatization of PMHL.