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00713 WORLD HOUSEWARE

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  • 0.380
  • 0.0000.00%
Market Closed Mar 28 16:08 CST
301.00MMarket Cap-1751P/E (TTM)

About WORLD HOUSEWARE Company

World Group was founded that year in 1968 by Mr. Lee Da-hing. Its business includes cotton cloth and plastic household products for sale in the local market. In 1972, it began increasing production capacity and expanding production lines to export products to Germany, the Netherlands, France, the United States, Canada and Australia. In 1985, in response to domestic opening-up policies, the company opened a processing plant in Pingshan Town, Bao'an County, Shenzhen, Guangdong Province, China. In 1991, World Plastic Placemat (Baoan) Co., Ltd. was established with an investment of HK$220 million to establish World Plastic Placemat (Baoan) Co., Ltd., which purchased about 70,000 square meters of land in Pingshan Town, built its own factory, dormitories and offices and registered it as a wholly owned domestic company and purchased automated factory equipment and machines to carry out high-quality production. There are about 1,800 employees at the Pingshan Town plant, which cooperates with the Group to design, manufacture and market a variety of PVC and cloth household products to distributors, home designers, department stores and chain stores in countries around the world, such as Walmart, Kmart, USA Bed Bath and Beyond, Dollar General and Target and Europe and the UK's Woolworth, Tedox AndeDeka The registered capital has now reached HK$360 million. The company's shares were successfully listed and traded on the Stock Exchange of Hong Kong Limited in 1993. The stock code is 713. In 1994, it invested about HK$200 million to establish Nansu Building Materials and Plastic Products (Shenzhen) Co., Ltd. and purchased about 210,000 square meters of land in Shanxia Village, Pinghu Town, Longgang District, Shenzhen, to build a factory of about 90,000 square meters to produce PVC pipes and fittings for the local and domestic markets. In 2002, another HK$130 million was invested to establish Nansu Building Materials and Plastic Products (Changshu) Co., Ltd., and purchased about 113,000 square meters of land in Shanjie Village, Wangzhuang Town, Changshu City to build a factory building of about 45,000 square meters to expand the supply of PVC pipes and fittings business to south-central China and similar regions. In 2004, it invested HK$110 million to establish South China Renewable Resources (Zhongshan) Co., Ltd., which owns about 140,000 square meters of land in Yongbian Village, Shaxi Town, Zhongshan City. Based on the production of traditional household products, the company established an expert team to develop environmental protection business and has obtained a number of technical patents. Most of the technology has been applied in production to achieve environmentally friendly and clean production, turn waste into treasure, and obtain economic benefits. The group is headquartered in Hong Kong, China, and has about 50 employees, managing domestic and foreign business. The net assets of the group are about 1 billion Hong Kong dollars, the total number of employees is about 2,300, and the annual turnover is about 1 billion Hong Kong dollars.

Company Profile

Symbol00713
Company NameWORLD HOUSEWARE
ISINKYG9768F1028
Listing Date04/15/1993
Issue Price1.03
Shares Offered80.00M share
RegistrationCayman Islands
ChairmanDaxing Li
SecretaryZhiyuan Xu
Audit InstitutionDeloitte & Touche Tohmatsu Certified Public Accountants
Company CategoryOther
Registered OfficeP.O. Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands
Head Office and Principal Place of BusinessBlock A, 18th floor, Bao Ying Industrial Building, 16-18 Wah Sing Street, Kwai Chung, New Territories, Hong Kong
Fiscal Year Ends12-31
Employees536
MarketHong Kong motherboard
Phone(852) 3756 5100
Fax(852) 2480 4433
Emailworldhse@worldhse.com.hk
Business World (Group) Limited is a Hong Kong investment holding company mainly engaged in the manufacturing and distribution of pipes and fittings. The company operates through four major divisions. The Household Products segment manufactures and distributes household products. The Polyvinyl Chloride (PVC) Pipes and Fittings segment manufactures and distributes PVC pipes and fittings. The Waste Recycling Division engages in the waste recycling business. Other divisions are engaged in property investment business. The company also engages in the building materials trade business and provides transportation services through its subsidiaries.

Company Executives

  • Name
  • Position
  • Salary
  • Daxing Li
  • Remuneration Committee Member,Executive Director,Nomination Committee Chairman,Chairman,Risk Management Committee Member
  • --
  • Meibao Feng
  • Nomination Committee Member,Vice Chairman,CEO,Risk Management Committee Member,Executive Director
  • --
  • Zhensheng Li
  • Executive Director,Nomination Committee Member,Risk Management Committee Member,Vice Chairman,Remuneration Committee Member
  • --
  • Guosheng Li
  • Executive Director,Responsible for the administration, management and production of the production plant located in Zhongshan, China
  • --
  • Ziwen Zhang
  • Remuneration Committee Member,Non-Executive Director,Risk Management Committee Member,Audit Committee Member
  • --
  • Yongyi Ceng
  • Independent Non-Executive Director,Remuneration Committee Member,Nomination Committee Member,Audit Committee Member,Risk Committee Members
  • --
  • Ting Xiang
  • Nomination Committee Member,Audit Committee Member,Risk Committee Members,Independent Non-Executive Director,Remuneration Committee Member
  • --
  • Jiayi Li
  • Risk Committee Members,Audit Committee Member,Non-Executive Director,Nomination Committee Member,Remuneration Committee Member
  • --
  • Zhiqian Cui
  • Nomination Committee Member,Audit Committee Chairman,Independent Non-Executive Director,Chairman of the Risk Management Committee,Remuneration Committee Chairman
  • --
  • Deji He
  • Remuneration Committee Member,Audit Committee Member,Risk Management Committee Member,Nomination Committee Member,Independent Non-Executive Director
  • --
  • Zhiquan Xu
  • Remuneration Committee Member,Nomination Committee Member,Risk Management Committee Member,Independent Non-Executive Director,Audit Committee Member
  • --
  • Zuwei Liang
  • Executive Director,Qualified Accountant,Finance Director
  • --
  • Zhiyuan Xu
  • Company Secretary,Executive Director
  • --
  • Fengmei Li
  • Senior Sales Manager of the Group
  • --
  • Hansheng Li
  • Executive Director,Responsible for the administration, management and production of one of the main production plants located in Shenzhen, China
  • --
  • Wenbi Wang
  • Engineering and Technical Manager of PVC Pipes and Fittings Division
  • --
  • Lihua Li
  • General Manager of China Factory
  • --

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