Prosperity International Holdings (H.K.) Limited
0803.HK
Hong Kong Stock Exchange0.04
HKD
+0.00
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Prosperity International Holdings (H.K.) Limited
0803.HK
(Hong Kong Stock Exchange)
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0.04
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ROIC.AI
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- Business
- Prosperity International Holdings (H.K.) Limited (0803.HK) is an investment holding company principally engaged in the mining, processing and trading of iron ore; trading of clinker, cement, granulated blast furnace slag and other building materials including steel; real estate investment, development and leasing; and investments in cement manufacturing facilities, public port and warehouse operations. The company sources iron ore from major producers in South Africa, Brazil, Australia and Southeast Asia, particularly Malaysia, shipping it primarily to large steel manufacturers in China; it also holds investments in clinker and cement manufacturers, a granite mining project in Guangxi Province, China, and a public port and warehouse facility in Jiangsu Province, China developed through a joint venture with Anhui Venture Investment Company Limited. Founded in 1980 by David Ben Koon Wong and headquartered in Wan Chai, Hong Kong, Prosperity International Holdings operates principally in the People's Republic of China with additional activities in Taiwan and internationally. In recent years, the company underwent a group reorganization in 2006 divesting its decorative sheet manufacturing business to acquire clinker and cement trading operations; completed the privatization of its stake in Prosperity Minerals Holdings Limited in 2013 after acquiring over 50% equity in 2009; and saw its shares delisted from the Hong Kong Stock Exchange in February 2023 under Rule 6.01A(1).