Yip's Chemical Holdings Limited, formerly known as Hang Cheung Hong, was established in 1971 and listed on the Hong Kong Stock Exchange in 1991 (Stock code: 408).

The Group focuses on the production and sale of petrochemical products. Its three core businesses are solvents, coatings and lubricants. As at 31 March 2010, the Group's turnover reached HK$5.4 billion.

The Group is headquartered in Hong Kong and has 17 manufacturing plants in China and a nation-wide sales network covering every major Chinese province and city. The Group's products are sold under six brands, they are "Bauhinia Paints" for paints, "Bauhinia Variegata" for inks, "Golaxxo" for specialty varnishes, "Da Chang" for resins, "Ad-Coat" for electronic insulating coatings, "Pak Lam Choice" for digital electronic coatings, "Hercules" for lubricants, and "Pacoil" for specialty lubricants.

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