| 25 July 1975 |
Founded by Mr. Luk King Tin and Madam
Cheng Cheung engaging in electronics business |
| 1979 |
Luks Industrial, investing into the
People's Republic of China ("the PRC") as a pioneer when
the PRC first opened to foreign investors since
1978 |
| 1982 |
Setting up a TV manufacturing plant in
Shekou of the PRC, principally engaged in design,
manufacturing and distribution of TVs and TV kits. And
subsequently, setting up another factory in Baoan,
Shenzhen. The two factories together once having
employed over 5,000 employees and achieved a turnover of
over HK$2 billion per annum |
| 1983 |
Setting up a joint venture company
engaging in TV manufacturing business in Shenzhen,
namely Shenzhen Huafa Electronics Company Ltd., which
was subsequently listed on Shenzhen Stock Exchange in
1992 |
| 07 January 1987 |
Listed on the Stock Exchange of Hong
Kong |
| 1991 |
Facing with fierce competition
especially from local manufacturers, the Group began to
diversify from electronics business to property
development business in the PRC. Projects completed
included Lo Wu Commercial City in Shenzhen, Shenzhen
Jinfeng City and several residential estates in Chengdu,
and etc... |
| 1991 |
Regional diversification to Vietnam
after finding that Vietnam was in many aspects similar
to the PRC at its opening stage for foreign investments,
by first setting up a TV manufacturing joint venture
company in Vietnam |
| 1992 |
Setting up of a joint venture company
with a company under the Ministry of Defense of Vietnam
to build an A-grade office building in District 1 of Ho
Chi Minh City, namely Saigon Trade Centre. The Group
owned 75% of the JV company |
| 30 April 1992 |
Setting up of a joint venture company
with the provincial government of the Hue Province in
central Vietnam to construct a cement manufacturing
plant with an annual capacity of 600,000 tonnes per
annum. The Group owned 67.83% of the JV company, with
the Hue's provincial government owning 22.17% and the
Vietnam Frontier Fund owning 10% |
December 1992 |
Successfully completion of a HK$360
million Syndicated Loan |
| June 1996 |
Merged the Group's TV manufacturing
business, mainly including the operations in Hong Kong
and factories in Shekou, and Vietnam with TCL Group Ltd
to form a joint venture company, namely TCL
International Ltd. |
| July 1996 |
Successfully completion of issuing a
US$14 Million 7% Convertible Bonds being listed on
Luxemburg Stock Exchange for financing the Group's
investments in Vietnam. |
| March 1996 |
Completion of the construction of the
cement plant in Hue Vietnam |
| Aug 1996 |
Completion of the construction of the
Saigon Trade Centre in Ho Chi Minh City Vietnam |
| May 1998 |
Successfully completion of a right
Issue of the Company's shares raising HK$98.8 Million
for reducing debts of the Group |
| 26 Nov 1999 |
The listing of TCL International Ltd.
on the Stock Exchange of Hong Kong and the Group
thereafter divesting its shares in TCL for the purpose
of reducing debts and diversification of the
Group. |
| April 2001 |
Re-domicile of Luks Industrial from the
registration in HK to Bermuda by the arrangement of
replacing Luks Industrial (Group) Ltd. as the ultimate
holding company of the Group |
| Sep 2001 |
Acquisition of the 25% shareholding
owned by the local Vietnamese partner of Saigon Trade
Centre, which then became a wholly owned subsidiary of
the Group |
| November 2001 |
Disposal of the Group's shares in
Shenzhen Huafa Electronics Co., Ltd. for a consideration
of of HK$135 million |
| Oct 2004 |
Completion of the acquisition of the
22.17% shareholding owned by the local Vietnamese
partner of the cement plant in Hue, Vietnam |
| July 2005 |
Completion of the acquisition of the
remaining 10% shareholding of Luks Cement Co., Ltd. held
by the Vietnam Frontier Fund and the cement plant
in Hue, Vietnam now became a 100% owned subsidiary of
the Group |
| 20 Oct 2006 |
Announcement of the intended
cooperation in setting up a joint venture company to
develop a land site in Hochiminh City, Vietnam into a
residential property development for sale |
| 05 Jan 2007 |
Announcement of the signing of a MOU
with a Vietnamese company with an intention to set up a
JVC to develop a land site in District 2 of Hochiminh
City into residential apartments for
sale |
