Ng Fung Hong
From Wikipedia, the free encyclopedia
Hong Kong
| Company type | State-owned enterprise |
|---|---|
| Industry | wholesale food |
| Headquarters | Hong Kong |
Area served | Mainland China Hong Kong |
| Parent | China Resources |
| Website | China Resources |
Ng Fung Hong (Chinese: 五豐行) is a Chinese company, which is owned by China Resources and listed in Hong Kong. It describes itself as the largest food distributor in Hong Kong, with interests in food distribution; food production, processing and trading; food retail and supermarket; marine fishing; and abattoir operations.[1][2]
Ng Fung Hong was founded in Hong Kong in 1951 as "a modest trading agent in Bonham Strand". Two decades later it became part of mainland giant China Resources, and is now a vertically integrated food enterprise "under the auspices of China's Ministry of [Commerce]".[1][2]
On 25 October 1995, the company was listed on the Hong Kong Stock Exchange.[2]
In 1998, the company made a net profit of HK$525.1 million.[2]
