|Fate||Acquired by CK|
|Successor||CK Hutchison Holdings|
|Founder||John Duflon Hutchison|
|Defunct||3 June 2015|
|Headquarters||Central, Hong Kong|
|Sir Li Ka-shing (Ex-chairman)|
|Products||Ports and related services; property and hotels; retail; energy; infrastructure; telecommunications, finance & investment|
|Revenue||US$54.035 billion (2014)|
|HK$56.01 billion (US$7.2 billion) (2011)|
|Owner||Cheung Kong Holdings|
Number of employees
Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a diverse array of holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand. Its businesses also included retail, property development and infrastructure.
It was 49.97% owned by the Cheung Kong Group until 3 June 2015, when the company merged with the Cheung Kong Group as part of a major reorganisation of the group's businesses. The combined business was renamed CK Hutchison Holdings Limited.
Hutchison Whampoa originated as two separate companies, both founded in the 19th century. [ clarification needed ] and Hutchison International was formed in 1877. [ non-primary source needed ]
In the 1960s, Hutchison International – under Colonel Sir Douglas Clague (1917–1981) – gained a controlling interest of Hong Kong and Whampoa Dock,and in 1977 Hutchison acquired all of that company, creating Hutchison Whampoa Limited.
Although Hutchison Whampoa had a large portfolio of valuable real estate interests, in docks and retail ventures, the company eventually ran into trouble. It was rescued by The Hongkong and Shanghai Banking Corporation, with HSBC taking a 22% stake in the company and ensuring that Clague was replaced.
On 25 September 1979, at the close of trade in London, HSBC announced that it was selling its stake in Hutchison Whampoa to Cheung Kong for HK$639 million.
In March 2011, Hutchison Port Holdings Trust (HPHT) announced that the company would IPO through Singapore Exchange for about US$5.4 billion. This would be the largest offering in South East Asia and surpass Petronas Chemicals' offering of about $4.1 billion.
In January 2015, Li Ka-shing entered into talks with Telefónica to buy its British mobile division O2 for around $15.4 billionbut the deal was blocked in 2016 by the EU's Competition Commissioner.
In January 2015, Li Ka Shing confirmed plans for Cheung Kong Holdings to purchase the remaining shares in Hutchison Whampoa that it did not already own, and merge the two companies as CK Hutchison Holdings. The merger is part of a larger reorganisation of Li's businesses, which will involve the spin-off of property assets into Cheung Kong Property.The new holding company has been incorporated in the Cayman Islands, rather than Hong Kong.
In May 2015, Hutchison revealed plans to sell one-third of its stake in its British-based mobile phone businesses for a potential fee of $4.3 billion to five investors including GIC Private Limited, Canada Pension Plan Investment Board, Abu Dhabi Investment Authority, BTG Pactual and Caisse de dépôt et placement du Québec.
HWL operated in 54 countries and employed around 230,000 staff worldwide. The company had six core businesses, most of which transferred to CK Hutchison:
Hutchison Port Holdings (HPH) operates across Europe, the Americas, Asia, the Middle East and Africa. It operates in five of the seven busiest container ports in the world, handling 13% of the world's container traffic. Hutchison Whampoa operates container terminals in Panama, as well as Mexico and other parts of the Americas.
From office buildings in Hong Kong, Beijing, Shanghai, to luxury residential properties in the United Kingdom, Hutchison Whampoa Property develops and invests in real estate. Together with Cheung Kong Holdings, HWL has set up a joint-venture company, Harbour Plaza Hotel Management to operate and manage hotels under the portfolio of the Hutchison Property division.
A.S. Watson Group (ASW), HWL's retail arm, operates its flagship retail chains in Asia such as Watsons, ParknShop supermarket, TASTE food galleria, GOURMET boutique style fine food hall, GREAT Food Hall, Fortress electrical appliances store, Watson's Wine Cellar and Nuance-Watson duty-free operator. In Europe, ASW's retail network comprises health and beauty chains: DC, Drogas, Kruidvat, Rossmann, Savers Health & Beauty, Superdrug, Trekpleister, Spektr and Watson's, as well as luxury perfumeries and cosmetics retail brands: Marionnaud, ICI Paris XL and The Perfume Shop. A.S. Watson is the world's largest health and beauty retailer.
Cheung Kong Infrastructure (CKI), HWL's infrastructure arm, is a diversified infrastructure company with businesses in transportation, energy, infrastructure materials, water plants and related operations.
HWL was a major shareholder of Husky Energy, one of Canada's largest energy and energy related companies, holding 33.97%.
HWL owned[ clarification needed ] the "3" brand. It also owns 60.4% of Hutchison Asia Telecommunications (HAT), which provides mobile phone networks and data services in Asia. The company's subsidiary 3 Group Europe owns its '3' branded businesses in Europe. Another 1% of HAT is owned directly by Cheung Kong Holdings, the holding behind Cheung Kong group to which HWL belongs. Additionally, HWL is an official backer of the .mobi top level domain created specifically for the mobile internet and has launched the mobile portal Three.mobi under its "3" brand. Hutchison Whampoa attempted to purchase O2 for £10.25 billion in March 2015, but the European Commission blocked the acquisition in May 2016.
Hutchison Whampoa has received criticism from charities such as the Burma Campaign UK and appear on the charity's 'dirty list' for their involvement in trade with the military junta in Burma. They state that the company's subsidiary Myanmar International Terminals Thilawa (MITT) is 'strategically positioned to facilitate and service Myanmar's international trade'and are concerned about the role foreign investment plays in 'perpetuating' the country's brutal regime.
Sir Li Ka-shing is a Hong Kong business magnate, investor, and philanthropist. As of June 2019, Li is the 30th richest person in the world, with an estimated net wealth of US$29.4 billion. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings, after he retired from the Chairman of the Board in May 2018; through it, he is the world's leading port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe.
Victor Li Tzar Kuoi, is a Hong Kong businessman, currently the Chairman of the Board and Group Co-Managing Director of CK Hutchison Holdings Limited and the Chairman of the Board and Managing Director of CK Asset Holdings Limited and the Chairman of CK Infrastructure Holdings Limited. He is the elder son of tycoon Li Ka-shing and the brother of Richard Li.
Cheung Kong (Holdings) Limited, was a multinational conglomerate, based in Hong Kong. It was one of Hong Kong's leading multi-national conglomerates. The company merged with its subsidiary Hutchison Whampoa on 3 June 2015, as part of a major reorganisation, to become part of CK Hutchison Holdings.
O2 (typeset as O2) is a global brand name owned by the Spanish telecommunications company Telefónica. The company uses the O2 brand for its subsidiaries in the United Kingdom and Germany. Since 2018, it is also used as a secondary brand in Spain.
ParknShop is one of the two largest supermarket chains in Hong Kong, the other being Wellcome. ParknShop operates more than 300 outlets in Hong Kong, Macau and mainland China.
Cheung Kong Center is a skyscraper in Central, Hong Kong designed by Cesar Pelli. It is 68 storeys tall with height of 283 m (928 ft) and a gross floor area of 1,260,000-square-foot (117,100 m2). When completed in 1999, it was the third-tallest building in the city. It sits on the combined sites of the former Hong Kong Hilton, which was demolished in 1995/6, and Beaconsfield House, sold by the Government in 1996. It stands between the HSBC Hong Kong headquarters building and the Bank of China Tower. As is common in Hong Kong, coloured lights on the sides of the building illuminate at night in intricate light shows.
Power Assets Holdings Limited, formerly Hongkong Electric Holdings Limited, is a vertically integrated electric utility company. It is the majority shareholder in the Hongkong Electric Company, having reduced its holding in the company through a series of share sales, the most recent being in June 2015.
Solina Chau Hoi Shuen (周凱旋) is a businesswoman in Hong Kong, a business partner in the Cheung Kong Group, and director of the Li Ka Shing Foundation. She is also a major stockholder in Tom.com, a publication and advertising company in the People's Republic of China.
Hutchison Asia Telecom Group or HAT, is a division of Hong Kong-based multinational conglomerate CK Hutchison Holdings. The division provides telecommunications services to several Asian countries. The division was formerly incorporated as Hutchison Telecommunications International Limited, known as Hutchison Telecom or HTIL in short. It was an offshore company in the Cayman Islands and a listed company in the Stock Exchange of Hong Kong. It operates GSM, 3G and 4G mobile telecommunications services in Indonesia, Sri Lanka and Vietnam under brands 3, Hutch and Vietnamobile.
CK Infrastructure Holdings or CKI, is the largest publicly listed infrastructure company in Hong Kong with diversified investments in energy infrastructure, transportation Infrastructure, water Infrastructure and infrastructure related business, parented by CK Hutchison Holdings, businessman Li Ka Shing's flagship company. It is a leading player in the global infrastructure arena in Hong Kong, Mainland China, Australia, New Zealand, the United Kingdom, Continental Europe and North America. The chairman is Victor Li, the elder son of Li Ka Shing.
3 or Three is a global brand name under which several UMTS-based mobile phone networks and broadband internet providers operate in Hong Kong, Macau, Austria, Denmark, Indonesia, Ireland, Italy, Sweden and the United Kingdom. The brand was founded in 2002 in Hong Kong. As of 2018, registered Three customers worldwide numbered over 130 million.
Canning Fok Kin-ning ; born 1951 in Hong Kong) is a Hong Kong business executive. He is a director or chair of numerous management board in companies of Cheung Kong Holdings and Hutchison Whampoa. He is hailed as the "King of Employees" since he has been one of the Hong Kong's top-five taxpayers in the past few years.
Hutchison Harbour Ring Limited was a Bermuda incorporated company based in Hong Kong. The company was sold to Oceanwide Holdings in December 2014.
Hutchison Whampoa Property Limited (HWP) was the property development and investment arm of Hutchison Whampoa Limited of Hong Kong. It comprises the property interests of Hong Kong & Whampoa Dock Company Limited (HWD), Hutchison Properties Limited (HPL) and Cavendish International Holdings Limited (CIHL).
Watsons is a health care and beauty care chain store in Asia. It is the flagship health and beauty brand of the A.S. Watson Group, which is majority owned by CK Hutchison Holdings.
The A.S. Watson Group is the world's largest health and beauty retail group, with over 14,100 stores in 24 markets worldwide serving over 28 million customers per week, and over 3 billion customers and members throughout.
CK Asset Holdings Limited, previously known as Cheung Kong Property Holdings Limited, is a property developer registered in the Cayman Islands, with its headquarters and principal place of business in Hong Kong. The company was established in 2015 as part of a restructure of Cheung Kong Holdings, by spinning off its property holdings into a separate company. CK Asset Holdings began trading on 3 June 2015.
CK Hutchison Holdings Limited is a Hong Kong-based and Cayman Islands-registered multinational conglomerate. The company was formed in March 2015 through the merger of Cheung Kong Holdings and its main associate company Hutchison Whampoa. It is renowned for its five core businesses ‐ ports and related services, retail, infrastructure, energy and telecommunications, which operates in over 50 countries.
HGC Global Communications Limited, formerly known as Hutchison Global Communications Limited, is an internet service provider of Hong Kong. In the past it was part of Hutchison Telecommunications, itself part of a mega-conglomerate CK Hutchison Holdings. Hutchison Global Communications was a listed company, via its parent company Hutchison Global Communications Holdings from 2004 to 2005.
Park'N Fly Airport Parking, also known as Park'N Fly, is a Canadian airport parking operator based in Mississauga, Ontario. It is the largest and only national operator for off-airport car parks in Canada. Park'N Fly is currently owned by CK Hutchison Holdings, a conglomerate in Hong Kong.
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