Cheung Kong Holdings
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| Cheung Kong (Holdings) Limited 長江實業 |
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| Type | Public (SEHK: 0001,OTCBB: CHEUY) |
| Founded | 1950s |
| Headquarters | Cheung Kong Center, Hong Kong, People's Republic of China |
| Key people | Li Ka Shing, Chairman Li Tzar Kuoi Victor, Managing Director and Vice Chairman |
| Industry | Property |
| Products | Real estate, Investment, life sciences, IT, Hotels, telecommunications; & internet |
| Parent | n/a |
| Website | www.ckh.com.hk |
| Associates: Hutchison Whampoa Cheung Kong Infrastructure Holdings Limited Hutchison Telecommunications and TOM Group |
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Cheung Kong (Holdings) Limited (Cheung Kong Holdings) (Chinese: 長江實業(集團)有限公司 Pinyin: Chángjiāng Shíyè (Jítuán) Yǒuxiàn Gōngsī) SEHK: 0001,OTCBB: CHEUY is the flagship of the Cheung Kong Group, headquartered in Hong Kong, and one of Hong Kong's leading multi-national conglomerates.
In Hong Kong alone, the Group has nine companies that are listed on the Hong Kong Stock Exchange.
- Cheung Kong (Holdings) Limited (長江實業(集團)有限公司) (SEHK: 0001,OTCBB: CHEUY), a constituent member of the Hang Seng Index.
- Hutchison Whampoa Limited (和記黃埔有限公司) SEHK: 0013, a constituent member of the Hang Seng Index.
- Cheung Kong Infrastructure Holdings Limited (長江基建集團有限公司) SEHK: 1038, a constituent member of the Hang Seng Index.
- Hongkong Electric Holdings Limited (香港電燈集團有限公司) SEHK: 0006, a constituent member of the Hang Seng Index.
- Hutchison Telecommunications International Limited SEHK: 2332, NYSE: HTX.
- Hutchison Harbour Ring Limited SEHK: 0715.
- TOM Group Limited SEHK: 2383. Previously listed on the Growth Enterprise Market as 8001.
- CK Life Sciences Int'l., (Holdings) Inc. (長江生命科技集團有限公司) SEHK: 8222, listed on the Growth Enterprise Market.
- TOM Online Inc. NASDAQ: TOMO, SEHK: 8282, listed on the Growth Enterprise Market.
The Chairman of Cheung Kong Holdings is Mr. Li Ka Shing (李嘉誠), while his elder son, Mr. Victor Li, is the Managing Director and Deputy Chairman.
Cheung Kong Holdings is one of the largest developers of residential, office, retail, industrial and hotel properties in Hong Kong. With its long history of property development expertise and residential estates, Cheung Kong Holdings has built many of Hong Kong's most notable landmark buildings and complexes. The following are some of its completed developments:
- Residential/comprehensive developments: City One Shatin, Tierra Verde and Caribbean Coast Phase I - Monterey Cove.
- Hotels: Harbour Plaza Resort City and Harbour Plaza North Point.
- Office buildings: Cheung Kong Center, World-Wide House, Shun Tak Centre and The Center.
- Industrial: Modern Warehouse.
Mr. Li Ka Shing founded Cheung Kong Industries in 1950 as a plastics manufacturer. Under his leadership, the company grew rapidly and eventually evolved into a property investment company. "Cheung Kong (Holdings) Limited" was developed in a successful way from 1970s.
[edit] Cheung Kong Holdings
Cheung Kong Holdings has been listed on the Hong Kong Stock Exchange since 1972. It is a property development and strategic investment company, with substantial interests in life sciences and other businesses.
It is one of the largest developers in Hong Kong with a long history of property development expertise. About one in twelve private residences in Hong Kong were developed by the company. It is also a leader in marketing and after-sales services.
[edit] Board of Directors
- Li Ka Shing
- Li Tzar Kuoi, Victor
- Kam Hing Lam
- Ip Tak Cheun, Edmond
- Chung Sun Keung, Davy
- Pau Yee Wan, Ezra
- Woo Chia Ching, Grace
- Chiu Kwok Hung, Justin
- Leung Siu Hon
- Fok Kin-ning, Canning
- Frank John Sixt
- Chow Kun Chee, Roland
- George Colin Magnus
- Kwok Tun-li, Stanley
- Yeh Yuan Chang, Anthony
- Simon Murray
- Chow Nin Mow, Albert
- Hung Siu-lin, Katherine
- Wong Yick-ming, Rosanna
- Cheong Ying Chew, Henry
- Kwan Chiu Yin, Robert
[edit] Group Structure
The group structure of Cheung Kong Holdings is shown below:
[edit] Hutchison Whampoa Limited
Cheung Kong Holdings is the major shareholder of Hutchison Whampoa Limited (Hutchison Whampoa), with 49.97% of the shares. The Chairman of Hutchison Whampoa is also Mr. Li Ka Shing. Hutchison Whampoa is among the largest companies listed on the Main Board of the Hong Kong Stock Exchange and it operates in 55 countries.[1] It is a Hong Kong-based multinational conglomerate and invests in five core businesses:[2]
- Ports and related services;
- Telecommunications;
- Property and hotels;
- Retail; and
- Energy, infrastructure, investments and others.
[edit] Cheung Kong Infrastructure Holdings Limited
The Chairman of Cheung Kong Infrastructure Holdings Limited (CKI) is Mr. Li Tzar Kuoi, Victor. CKI is the largest diversified infrastructure company listed on the Hong Kong Stock Exchange. It is a Hong Kong-based diversified infrastructure company, focused on the development, investment and operation of infrastructure businesses in many countries such as China, Australia, and the United Kingdom.[3]
84.58% of the shares are held by Hutchison Whampoa Limited.[4]
[edit] Hongkong Electric Holdings Limited
The Chairman of Hongkong Electric Holdings Limited is Mr. Canning Fok Kin-ning. The listed Hongkong Electric group of companies comprise of:[5]
- The Hongkong Electric Company Limited (HEC),
- Hongkong Electric International Limited (HEI),
- Associated Technical Services Limited (ATS); and
- some minor subsidiaries.
The Hongkong Electric Company Limited mainly concentrates on generation and supply of electricity on Hong Kong Island and Lamma Island. Hongkong Electric International Limited pursues overseas investment opportunities and Associated Technical Services Limited's principal activity is engineering consultancy and project management.
38.87% of the shares are held by CKI.[6]
[edit] CK Life Sciences Int'l., (Holdings) Inc.
44.30% of the shares of CK Life Sciences Int'l., (Holdings) Inc. (CK Life Sciences) are owned by Cheung Kong Holdings. CK Life Sciences is engaged in the business of research and development, commercialization, marketing and sale of biotechnology products. Products developed by CK Life Sciences are categorized into two areas:
- Human health; and
- Environmental sustainability.
The selection of CK Life Sciences by World Economic Forum as one of the 30 'Technology Pioneers' for 2004 reflects the international recognition of CK Life Sciences' status as a world class technology company and its innovative achievement in research and development.[7]
[edit] Properties and Hotels
[edit] Mainland Properties
Since 1992, Cheung Kong Holdings has entered a number of joint venture agreements (in many cases, together with Hutchison Whampoa) to develop properties in the Mainland. There are now projects in Beijing, Tianjin, Changchun, Shenyang, Shanghai, Qingdao, Chongqing, Chengdu, Wuhan, Xian, Changsha, Guangzhou, Dongguan and Zhuhai. It will continue to look for potential development in other Mainland cities.
[edit] Current Developments
Some of the projects Cheung Kong Holdings is currently developing in Hong Kong:
- Caribbean Coast, Tung Chung
- The Legend at Jardine's Lookout
- Le Point, Tiu Keng Leng
- The Apex, Kwai Chung
- CASA 880, North Point
- Sausalito, Ma On Shan
- Celestial Heights, Ho Man Tin
- Metro Town, Tiu Keng Leng
- Central Park Towers, Tin Shui Wai
- Area 86, Tseung Kwan O (Package 1)
- Area 86, Tsueng Kwan O (Package 2)
- Tai Wai Maintenance Centre
- Lot 2081 in DD109 at Kam Tin
[edit] Other Investments
Apart from the core business of property development, Cheung Kong Holdings is dedicated to exploring new business areas with good potential for revenue growth and revenue creation, while adhering to its disciplined approach to investment. The ventures include TOM Group Limited (together with Hutchison Whampoa)[8], iMarkets Limited, iBusiness Corporation Limited, CK Communications Limited, Excel Technology International Holdings Limited, mReferral Corporation (HK) Limited and Beijing Net-Infinity Technology Development Co., Limited.
[edit] Cheung Kong Group Total Market Capitalisation
The market capitalization of the Cheung Kong Group's Hong Kong listed companies amounted to HK$815 billion ($100 billion USD) as at 15 May, 2007. The Group operates in 55 countries and employs over 240,000 staff worldwide.
[edit] See also
[edit] References
- ^ Hutchison Whampoa Limited: Overview
- ^ Hutchison Whampoa Limited: Group Structure
- ^ Cheung Kong Infrastructure Holdings Limited: Chairman's message
- ^ Hutchison Whampoa Limited: Group Structure
- ^ Hongkong Electric Holdings Limited: About us
- ^ Cheung Kong Infrastructure Holdings Limited: CKI At A Glance
- ^ CK Life Sciences: Corporate Profile
- ^ TOM Group: Company Overview
[edit] External links
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