Cheung Kong Holdings
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Cheung Kong Holdings
Cheung Kong (Holdings) Limited (Cheung Kong Holdings) ()???? Pinyin: Chángji?ng Shíyè (Jítuán) Y?uxiàn G?ngs?) , 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.
The Chairman of Cheung Kong Holdings is Mr. Li Ka Shing (???), 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:
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.
Cheung Kong HoldingsCheung 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. Board of Directors
Group StructureThe group structure of Cheung Kong Holdings is shown below: Hutchison Whampoa LimitedCheung 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]
Cheung Kong Infrastructure Holdings LimitedThe 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] Hongkong Electric Holdings LimitedThe 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 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] 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:
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] Properties and HotelsMainland PropertiesSince 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. Current DevelopmentsSome of the projects Cheung Kong Holdings is currently developing in Hong Kong:
Other InvestmentsApart 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. Cheung Kong Group Total Market CapitalisationThe 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. See alsoReferences
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