Hopewell Holdings

Hopewell Holdings Limited
Public
Founded 1972
Headquarters Hong Kong
Key people
 Gordon Wu
Subsidiaries Hopewell China Development (Superhighway) Limited
Website www.hopewellholdings.com
Headquarter of Hopewell Holdings

Hopewell Holdings Limited (Chinese: 合和實業有限公司) SEHK: 0054, established on 17 October 1972, is a Hong Kong-listed infrastructure and property firm headed by Sir Gordon Wu.

History

It was listed on the Stock Exchange of Hong Kong in 1972.

Hopewell Holding is a holding company for investments in infrastructure projects, property letting, property agency and management, hotel operations and management, restaurant operation and food catering, construction and project management.

Its primary businesses are in Guangdong province of People's Republic of China and Hong Kong. It is one of the first foreign companies to invest in infrastructure projects in the China and a pioneer of infrastructure developments across Asia, including the failed Bangkok Elevated Road and Train System (BERTS) project in Bangkok.

It holds 68 percent of Hopewell Highway Infrastructure Ltd, which is spun off by Hopewell Holdings and listed on the Hong Kong stock exchange in early August, 2003. As one of the founders of Hopewell Holdings, Wu has been the managing director since 1972. He retired as the managing director of Hopewell Holdings but remains as the chairman of the board in January 2002.

Hopewell's businesses

Infrastructure

Hopewell is participating in the investment of five toll road projects with a total length of 360 kilometres (220 mi), all of which are located in the Pearl River Delta region of Guangdong Province in mainland China. Four toll road projects are in operation while construction of the 15 km (9.3 mi) Phase I of the Guangzhou-Zhuhai West Superhighway (Guangzhou to Shunde section) commenced in December 2001. All of the projects are in the form of co-operative joint ventures between Hopewell and China partners.

Also well-known is the never finished BERTS elevated metro project of the 1990's. Bangkok Elevated Road and Train System

Property

Hopewell's property portfolio is mainly composed of commercial and residential premises in Hong Kong. These consist of more than 290,000 square metres (3,100,000 sq ft) of gross area.

Commercial:

Retail:

Residential:

Under Development:

Hospitality

Hopewell owns one hotel in Hong Kong, which is the 4th largest hotel (based on the number of rooms) in Hong Kong.

Hopewell manages one hotel in Hong Kong on behalf of The Scout Association of Hong Kong.

Power

The power plant is a joint venture between a subsidiary of Hopewell Holdings and the Shenzhen Energy Group for 2 x 600 megawatts ultra-supercritical coal-fired power plant built in Heyuan City, Guangdong Province. Besides being one of the province's most efficient and environmentally friendly coal-fired power plants, it was also the first in China to be equipped with a flue gas desulphurisation wastewater treatment system.

The total investment cost of the project is about RMB4.7 billion (as per final account). Unit 1 and Unit 2 commenced operation in Jan 2009 and Aug 2009 respectively.

Principal subsidiaries

See also

References

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