The Wharf (Holdings) Limited (Stock Code: 4), the Group's principal subsidiary, is a premier company with consolidated assets exceeding HK$140 billion and a strategic focus on property and infrastructure in Hong Kong and the Mainland.

Core properties Harbour City and Times Square in Hong Kong represent more than 50% of Wharf's total assets.

The Wharf Group is building a new tomorrow in China and aims to have 50% of its total assets in the Mainland in five years. Properties and port assets will lead the new expansion.

In properties, the Wharf Group has acquired 17 sites in the Mainland since mid-2005 for a total of HK$30 billion. It now commands an attributable land bank of development and investment properties of about 90 million square feet in plot ratio GFA.

Through Hong Kong-based Modern Terminals Limited, Wharf is developing new container terminals in Pearl River Delta and Yangtze River Delta, as well as targeting other new projects along the China coast. It is expected that by 2011, half of Modern Terminalsˇ¦ throughput will be handled at existing investments in the Mainland.