Kowloon Development Company
Kowloon Development Company Limited () (SEHK: 0034) is a property development company based and listed in Hong Kong. It focuses on the property development and investment sector. Kowloon Development is also a stakeholder of Polytec Asset Holdings Limited (SEHK: 0208). History. In January 1961, the main stakeholder of Kowloon Motor Bus, Ng Siu Chan (), as well as William Sui-tak Louey () and other businessmen, founded Kowloon Development Company. The company started as a local developer, which mainly focuses in property development in Hong Kong. In 1982, the company founded a subsidiary, Golden Princess Amusement Co Ltd, to secure  a market segment in the local filming industry and open up its market to public entertainment. In 1995, the company was listed on the main board of Hong Kong Stock Exchange, with the stock code 0034. In 2002, the company was acquired by Polytec Macau, also a company owned by Or Wai Sheun. Later in 2005, the company acquired Polytec Asset, which was in heavy debt at that time. From 2010, the company started buying numerous lands through different ways, such as auctions and redevelopment enforced auctions of older buildings.