The New Heritage Group is privately held by the Tao family, founded by C.F. Tao and expanded by his sons Richard and Paul, and on to the 3rd generation with his grandson Hampton. C.F. Tao’s operating experience began in South East Asia in trading and shipping until he embarked on the opportunity to help in the People’s Republic of China’s (PRC) opening up in the mid-70’s to work on what were to become landmark property projects in Nanjing and Beijing.
Building on this founder’s visionary and pioneering track record, the Group developed and managed multiple residential projects and mixed use complexes in the PRC from 1991 to 2014. The PRC property development and investment businesses were successfully listed by IPO on the Main Board of the Hong Kong Stock Exchange in December 2005 and traded as New Heritage Holdings Ltd (HKSE code 95). In 2014 the Tao family sold their controlling interest in the listed company to a third party and reverted to a private enterprise to re-focus their investment businesses as well as an strategic investor in leading technologies and applications.