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socam development ltd (983) Details

SOCAM Development Limited, an investment holding company, engages in the property and construction businesses in the Chinese Mainland, Hong Kong, and Macau. It operates through Property, Construction and Building Maintenance, and Other segments. The company engages in property development and investment activities, including special situation projects and knowledge community projects, as well as private equity property fund activities. It also provides property asset management services, as well as manages a portfolio of property assets comprising commercial, retail, residential, and hotel projects. In addition, the company engages in the construction of public housings, as well as commercial, residential, and institutional buildings; interior fit-out and building renovation; and maintenance of building premises. Further, it is involved in venture capital investment; wholesale of construction materials; investment consultation; design and contracting; owning and leasing of plant and machinery; structural steel construction work; supply of ready mixed concrete; and trading of cement, as well as the provision of management, consultancy, project management consultancy, and investment consultation services. The company was formerly known as Shui On Construction and Materials Limited and changed its name to SOCAM Development Limited in September 2011. SOCAM Development Limited is headquartered in Hong Kong, Hong Kong.

1,740 Employees
Last Reported Date: 09/19/16

socam development ltd (983) Top Compensated Officers

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Compensation as of Fiscal Year 2015.
socam development ltd
SOCAM Development Limited Announces Executive Changes Effective March 1, 2017

The Board of Directors of SOCAM Development Limited announced that Mr. Gerrit Jan de Nys has tendered his resignation as a Non-executive Director of the company with effect from 1 March 2017. Mr. de Nys will vacate his positions as a member of the Audit Committee as well as a member and the chairman of the Finance Committee of the Board following his resignation with effect from 1 March 2017. To fill the vacancies arising there from, Mr. William Timothy Addison, an Independent Non-executive Director of the Company, has been appointed as a member of the Audit Committee and Mr. Wong Yuet Leung, Frankie, an Executive Director, the Chief Executive Officer and Chief Financial Officer of the Company, being an existing member of the Finance Committee, has been appointed as the chairman of the Finance Committee. The said appointments will take effect from 1 March 2017.

SOCAM Development Limited Announces Management Changes, Effective on January 1, 2017

The Board of Directors of SOCAM Development Limited announced that Mr. Wong Fook Lam, Raymond (Mr. Raymond Wong), the Managing Director and Chief Financial Officer of the company, will retire from employment and the Board with effect from 1 January 2017. In light of the retirement of Mr. Raymond Wong, Mr. Wong Yuet Leung, Frankie (Frankie Wong) has been appointed as an Executive Director, the Chief Executive Officer and Chief Financial Officer of the company to succeed Mr. Raymond Wong with effect from 1 January 2017. Mr. Wong Yuet Leung is currently an Executive Director of Shui On Holdings Limited and an adviser to the Chairman of the Shui On Group. He was a Director of Shui On Land Limited from May 2004 to May 2006 prior to its listing on The Stock Exchange of Hong Kong Limited in October 2006. Mr. Raymond Wong will vacate his positions as a member and the Chairman of the Investment Committee and the Executive Committee as well as a member of the Finance Committee of the Board following his retirement from the Company with effect from 1 January 2017. Mr. Frankie Wong has been appointed to these committees to fill the vacancies arising from the departure of Mr. Raymond Wong. The appointments will take effect from 1 January 2017.

SOCAM Development Limited Reports Un-Audited Consolidated Cash Flow Results for the Six Months Ended June 30, 2016

SOCAM Development Limited reported un-audited consolidated cash flow results for the six months ended June 30, 2016. For the period, the company reported net cash used in operating activities of HKD 536 million against HKD 114 million for the same period a year ago.

 

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