Wong Yung-kwong takes over as chairman of Sino Group, worth NT$120 billion, and Huang Zhixiang hands over the reins.

Wong Daryl Ng will take over as chairman of the Sino Group at the end of the month, entering the listed empire with a market capitalization of NT$120 billion. This marks the complete handover of the 72-year-old Wong Chi-hsiang, who will step down from his roles as chairman and executive director.

Major changes within Sino Group

Sino Group's Sino Land (0083.HK), Tsim Sha Tsui Properties (0247.HK), and Sino Hotels (1221.HK) simultaneously announced this major change on Friday (August 1). This marks the beginning of a new era, with Wong Daryl taking over as Chairman of the Sino Group.

Huang Yongguang's leadership

Mr. Ng will lead the Sino Group towards a more stable development path. His in-depth understanding of industry dynamics and rich management experience will inject new vitality into the future development of the Sino Group.

Huang Zhixiang's resignation

Mr. Wong has achieved tremendous success under his leadership of Sino Group. His resignation marks the end of an era. However, we are confident that under his leadership, Sino Group will continue to maintain steady growth.

future outlook

The Sino Group will embrace an even brighter future under its new leadership. I believe that under the leadership of Mr. Ng, the Sino Group will continue to maintain its leading position in the market and create greater value for shareholders.