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Chairman & Management's Mission Statement
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It is our vision to build an international hospitality business targeting 5,000 travel and lifestyle stores worldwide under Xpress Group¡¦s international branding with a group sales of no less than US$10 billion and a net income of 1.5 percent of sales. The composition of this US$10 billion in sales will come from the following countries:
- US$2 billion from Japan, Korea and Taiwan
- US$2 billion from Hong Kong and China
- US$2 billion from other Asian countries and Australia
- US$2 billion from USA and Canada
- US$2 billion from England and Europe
It is intended that the first US$1 billion in sales will come from the following countries:
- US$400 million from Japan
- US$200 million from USA and Canada
- US$100 million from Hong Kong and China
- US$300 million from Singapore and other Asian countries
"By March 2008, we are targeting in excess of US$1 billion in sales for Xpress Group. I have resolved that my team and I shall make this happen."
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InterAsia
Travel Limited ( 1969 - 1972 )
The Group's Chairman, Mr. Chan Heng Fai, has been involved in the travel industry since 1969. InterAsia Travel Limited ("InterAsia Travel"), a global travel company that was headquartered in London and had fourteen offices worldwide, was founded by Mr. Chan Heng Fai in 1969 with ¢G100 capital. It was started when Mr. Chan was in college in London to enable students from Hong Kong and Malaysia to travel home during their summer vacation. InterAsia Travel grew to offer international, long distance regular charter flights, inclusive of charter tours, free independent travel (F.I.T.) and hotel room wholesale operations. It was one of the most successful low budget travel operations in the early 1970's with fourteen international offices and over three hundred staff. The company was sold to a Singapore Banking Company in 1972.
The fourteen international offices were located in (1) London, (2) Sydney, (3) Melbourne, (4) Perth, (5) Paris, (6) Amsterdam, (7) New York, (8) Toronto, (9) Kuala Lumpur, (10) Penang, (11) Singapore, (12) Jakarta, (13) Bangkok, and (14) Hong Kong.
After the Sale of InterAsia (1973 - Now)
After
the sale of InterAsia Travel, Mr. Chan went into the
investment banking and commercial banking business.
Mr. Chan has restructured a number of companies in different
industries. Some of the companies Mr. Chan has restructured
and sold are American Pacific Bank (which has since
merged with Riverview Community Bank, http://www.riverviewbank.com;
listed on the NASDAQ, United Sates). China Gas Holdings
Limited( http://www.chinagasholdings.com;
a company listed on the Hong Kong Stock Exchange), Global
Med Technologies Inc. (http://www.globalmedtech.com;
listed on the NASDAQ, United States), and Skywest Airlines
Ltd. (http://www.skywest.com.au;listed
on the Australian Stock Exchange).
Currently, Mr. Chan is the Executive Chairman of China Credit Holdings Limited listed on the Hong Kong Stock Exchange, Futuristic Group Limited listed on the Singapore Stock Exchange, China Xpress Pte Ltd. based in Singapore, and Xpress Finance Limited, a MasterCard franchise credit card company, based in Hong Kong. Mr. Chan also holds directorships in many travel and hotel companies.
Chairman's motto
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InterAsia
Travel Office Photo Gallery
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Sale
of InterAsia Travel Limited Photo Gallery
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