Chow Sang Sang

Chow Sang Sang Holdings International Limited
Traditional Chinese 周生生集團國際有限公司
Simplified Chinese 周生生集团国际有限公司
Chow Sang Sang store in Central, Hong Kong

Chow Sang Sang Holdings International Limited, or Chow Sang Sang Group, doing business as Chow Sang Sang Jewellery Company Limited or Chow Sang Sang (Chinese: 周生生; pinyin: Zhōu Shēngshēng), is a jewelry company with its corporate headquarters in the Chow Sang Sang Building (Chinese: 周生生大廈; pinyin: Zhōu Shēngshēng Dàshà) in Kowloon, Hong Kong. Its registered office is in the Clarendon House in Hamilton, Bermuda.[1] and it is incorporated with limited liability in Bermuda.[2] It is 0116.HK on the Hong Kong Stock Exchange.[3]

Business scope

Included in the group is a precious metals wholesale business. The company operates Chow Sang Sang jewellery stores. Over 50 stores combined are in Hong Kong, Macau, and Taiwan. Another 155 stores are located in 60 cities in Mainland China.[4]

The company's Mainland subsidiary, Chow Sang Sang (China) Company Limited, is headquartered in Tianhe District, Guangzhou.[5]

History

The company was established in 1934.[6] Originally the company offices were in Guangzhou but they later moved to Hong Kong.[5] Three members of the Chow family re-established the business in Hong Kong in 1948.[7] In 1973 it was publicly listed on the Hong Kong Stock Exchange. In the year ending 31 December 2011 its total turnover was HK$17,158 million.[6]

During the modern era, the first Mainland shop opened in Fuzhou, Fujian in 1993. In 2006 the company established its Mainland division, Chow Sang Sang (China) Company Limited; this after the Mainland government eased the process of a wholly foreign-owned enterprise gaining a business permit.[5] By 2008 the company's main expansion strategy was focused on Mainland China; at that time it had a revenue of 9.88 billion Hong Kong dollars, or $1.27 billion U.S. dollars, and 190 locations in Hong Kong, Taiwan, Macau, and the Mainland, with over 40 of them being in Hong Kong.[7]

In May 2013 the antitrust bureau of the Shanghai Municipal Development and Reform Commission began an investigation of Chow Sang Sang, Chow Tai Fook, an industry association, and 11 gold retailers in China over concerns about price manipulation of gold in the City of Shanghai.[8]

See also

References

  1. ↑ "Annual Report 2013" (Archive). Chow Sang Sang. PDF p. 2. Retrieved on May 8, 2014. "Registered Office Clarendon House, 2 Church Street Hamilton HM 11, Bermuda Principal Place of Business 4/F, Chow Sang Sang Building 229 Nathan Road, Kowloon Hong Kong"
  2. ↑ "Annual Report 2013" (Archive). Chow Sang Sang. PDF p. 1. Retrieved on May 8, 2014. Chinese version (Archive): "註冊辦事處 Clarendon House, 2 Church Street Hamilton HM 11, Bermuda 主要營業辦事處 香港 九龍彌敦道二二九號 周生生大廈四樓"
  3. ↑ "Chow Sang Sang Holdings International Ltd (0116.HK)." Reuters. Retrieved on May 8, 2014.
  4. ↑ "Chow Sang Sang Holdings International Limited Company Profile." (Archive). Yahoo! Finance. Retrieved on May 8, 2014.
  5. 1 2 3 "CHOW SANG SANG: Shining Return after 62 Years" (Archive). City of Guangzhou. Retrieved on May 9, 2014.
  6. 1 2 "Group Profile" (Archive). Chow Sang Sang. Retrieved on May 9, 2014.
  7. 1 2 Lau, Joyce Hor-hung. "A Hong Kong Gold Merchant Seeks Fortune in China." The New York Times. August 1, 2009. Retrieved on May 9, 2014.
  8. ↑ Sun, Celine and Daniel Ren. "Price-fixing probe hits Chow Tai Fook, Chow Sang Sang." South China Morning Post. Friday 19 July 2013. Updated Saturday 20 July 2013. Retrieved on 8 May 2014.
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