Peak Tramways Co Ltd gets Peak Tram operating rights until 31-Dec-2035
HK Government, 10-Oct-2018
The firm is owned by HK & Shanghai Hotels (0045). There does not appear to have been any tender for the contract. This extension is granted less than 3 years after the last 10-year extension was granted on 2-Dec-2015, just 29 days before expiry. The company will now build a "temperature-controlled queuing and waiting area" for 1300 passengers at the lower terminus, and increase the capacity from 120 to 210 passengers per trip.
Peak Tramways Co Ltd gets Peak Tram operating rights until 31-Dec-2025
HK Government, 2-Dec-2015
Law amendments for Peak tramway operation long-term arrangements proposed
Company announcement, 22-Apr-2015
Executive Council grants interim operating right to Peak Tramway
HK Government, 10-Dec-2013
Gold Shine Investment Ltd v Secretary for Justice
HK Court of First Instance, 29-Dec-2009
This judgment is about the Lido complex at Repulse Bay. The plaintiff is a subsidiary of Emperor International (0163). It contains an interesting history of how part of the land was granted to Hongkong and Shanghai Hotels (then Hongkong Hotel Co Ltd) without auction in 1921, which got into financial difficulties and assigned it to HK Realty & Trust (now Wheelock Properties Ltd) in 1923. Emperor acquired a 55% stake in 93/100 of the lot in 1993 and has since increased to 97.67%. The original pavilion was 49,500 sq ft (after extensions), and the new one is 143,473 sq ft. The judge ruled that the consent of the Government as landlord is required for any new building on the site (other than reinstatement of the old one). Hence, if consent is forthcoming, then a land premium will be payable and the developer has breached the lease by going ahead with the development without consent.
Eleven charged for alleged bribery over referral of hotel guests to tailor
ICAC, 23-Jun-2008
Vampire bites HK&SH
Investors at the AGM of Hongkong and Shanghai Hotels have voted by almost 2 to 1 against the issue mandate which was used last year - another bite for Project Vampire. (8-May-2004)
Peak Tramways Co gets 10-year extension to run peak tram
HK Government, 5-Nov-2003

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