KHI is proud of its heritage as a family business. In 1947, Y.C. Fu established the Tak Kee Shipping & Trading Company in Hong Kong. The process of diversification began when the company identified a plot of land in Hong Kong’s Central District on which it built Fu House in 1952. Y.C.’s defining principles of conservatively managed growth and diversification came to characterize the company, and the current Chief Executive, Adrian Fu, has continued to steer KHI’s growth in line with these core values.
KHI’s flagship property development was in the construction, management, public flotation and the subsequent exit of Furama Hotel Enterprises Limited. The company opened the first Furama in Hong Kong in 1973 as a 500-room hotel that set standards for business hotels in Asia. A further hotel was opened in Hong Kong in 1989, along with others in China and Vietnam. In 1997, KHI and other investors made a successful exit from the investment with significant returns.
Investment, development and management of prime real estate in Hong Kong and overseas remain the group’s cornerstone business. In addition, KHI’s portfolio interests have expanded to financial assets and direct investments. The first direct investment in 1955, of a Hong Kong textile and garment manufacturer, led the way to other successful investments that have included mezzanine funding in the UK and Thai property markets, first round capital investment in one of China’s largest on-line recruitment agencies and a number of other start-ups.
The Group’s foresight and ability to combine property, asset management with direct investment has been highly complementary, ensuring it steady liquidity and momentum for continued prosperity.