| Type | Public (SEHK: 0001,OTCBB: CHEUY) |
|---|---|
| Industry | Conglomerate |
| Founded | 1950s |
| Headquarters | Cheung Kong Center, Hong Kong Island, Hong Kong |
| Key people | Li Ka Shing, Chairman Victor Li Tzar-kuoi, Managing Director and Vice Chairman |
| Products | Real estate, Investment, life sciences, IT, Hotels, telecommunications; & internet |
| Revenue | HKD 32.863 billion (2010) |
| Net income | HKD 26.478 billion (2010) |
| Employees | 9,500 (2010) |
| Parent | n/a |
| Website | www.ckh.com.hk |
| References: Associates: Hutchison Whampoa Cheung Kong Infrastructure Holdings Limited Hutchison Telecommunications and TOM Group |
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Cheung Kong (Holdings) Limited (Cheung Kong Holdings) (traditional Chinese: 長江實業 (集團) 有限公司; simplified Chinese: 长江实业 (集团) 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.
The Chairman of Cheung Kong Holdings is Li Ka Shing (李嘉誠), while his elder son, Victor Li, is 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.
Li Ka Shing founded Cheung Kong Industries in 1950s as a plastics manufacturer. Under his leadership, the company grew rapidly and eventually evolved into a property investment company. "Cheung Kong (Holdings) Limited" from the 1970s.
In Hong Kong alone, the Group has nine companies.
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. About one in twelve of the private residences in Hong Kong were developed by the company.
The company and Sun Hung Kai Properties are together increasingly dominant in the development of new private homes, accounting for 70% of the market in 2010, up from around half of that in 2003. This concentration, with much of the rest of the market occupied by other very large firms, is attributed to the government's policy of auctioning land in expensively large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.[1]
The group structure of Cheung Kong Holdings is shown below:
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 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.[2] It is a Hong Kong-based multinational conglomerate and invests in five core businesses:[3]
The Chairman of Cheung Kong Infrastructure Holdings Limited (CKI) is Victor Li Tzar Kuoi. 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.[4]
84.58% of the shares are held by Hutchison Whampoa Limited.[3]
The Chairman of Power Assets Holdings Limited is Canning Fok Kin-ning. The listed Hongkong Electric group of companies comprise of:[5]
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]
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:
and owned by Mr. KP Tyagi, Meerut
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]
The following are some of Cheung Kong Holdings's completed developments:
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.
Some of the projects Cheung Kong Holdings is currently developing in Hong Kong:
Apart from the core business of property development, Cheung Kong Holdings' ventures include TOM Group Limited (together with Hutchison Whampoa),[8] iMarkets Ltd, iBusiness Corporation Limited, CK Communications Ltd, Excel Technology International Holdings Ltd, mReferral Corporation (HK) Ltd and Beijing Net-Infinity Technology Development Co., Ltd.
The market capitalisation of the Cheung Kong Group's Hong Kong listed companies amounted to HK$815 billion (US$100 billion) as at 15 May 2007. The Group operates in 55 countries and employs over 240,000 staff worldwide.
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