CK Asset Holdings

Last updated

CK Asset Holdings Limited
Company typePublic
IndustryProperty
Predecessor Cheung Kong Holdings
Hutchison Whampoa
Founded
  • As Cheung Kong Holdings in 1950;74 years ago (1950)
  • As CK Asset Holdings on 3 June 2015;8 years ago (2015-06-03)
Headquarters7/F, Cheung Kong Center, 2 Queen's Road Central, Hong Kong
Key people
Victor Li Tzar-kuoi, Chairman and Managing Director
ProductsInclude property development and investment, hotel and serviced suite operation, property and project management, aircraft leasing, and investment in energy and infrastructure assets that are household equipment services related
Subsidiaries Cheung Kong Property Development Limited
Citybase Property Management Limited
Goodwell Property Management Limited
Harbour Plaza Hotel Management Limited
Hutchison Property Group Limited
Accipiter Holdings Designated Activity Company
Website www.ckah.com

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.

Contents

History

The company was established in 2015 when Cheung Kong Holdings spun off its property holdings into a separate company as part of a restructuring. [1] CK Asset Holdings began trading on 3 June 2015. [2] After restructuring, Cheung Kong Holdings and Hutchison Whampoa went private, replacing their major listed companies with CK Hutchison Holdings and CK Asset Holdings. [3]

Immediately after restructuring, CK Asset Holdings became a constituent of the Hang Seng Index (the blue-chip index of the Hong Kong stock exchange). [4]

In 2019 the company announced the takeover of the UK pub company Greene King. [5] [6] [7]

Acquisitions

In May 2023, CK Asset Holdings agreed a £485 million cash takeover offer for Civitas Social Housing. [8]

Chairmen

List of chairmen

  1. Li Ka-shing (1950–2018)
  2. Victor Li (2018– )

List of senior advisors

  1. Li Ka-shing (2018– )

Related Research Articles

<span class="mw-page-title-main">Li Ka-shing</span> Hong Kong entrepreneur

Sir Li Ka-shing is a Hong Kong billionaire business magnate, investor, and philanthropist. 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 a port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. As of July 2023, Li is the 33rd richest person in the world, with an estimated net wealth of US$37.7 billion.

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.

Victor Li Tzar-kuoi is a Hong Kong businessman, the chair 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.

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CK Infrastructure Holdings Limited (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.

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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.

The Li Ka-shing Family refers to a wealthy family based in Hong Kong but with business interests worldwide. The family empire was started by Li Ka-shing, a wealthy Hong Kong entrepreneur who has long been Hong Kong's wealthiest individual and one of the wealthiest in the world. While Li Ka-shing and his family are best known for CK Hutchison Holdings and CK Asset Holdings, they are also associated with a number of other businesses outside of CK including Pacific Century Group.

References

  1. "李嘉诚完成世纪重组 旗下地产航母长实地产正式上市". Tencent News (in Chinese). 4 June 2015. Retrieved 30 September 2015.
  2. Yun, Michelle (3 June 2015). "Li Ka-shing's Property Spin Off Debuts at HK$70 in Hong Kong". Bloomberg Business. Retrieved 25 August 2015.
  3. 長實和黃合併 分拆地產業務 註冊地遷海外. Stand News (in Chinese (Hong Kong)). 9 January 2015. Retrieved 25 January 2021.
  4. 長和取代長實入恒指. Now.com (in Chinese (Hong Kong)). Hong Kong. 13 February 2015. Retrieved 25 January 2021.
  5. "Greene King pub giant snapped up by Hong Kong firm CKA". BBC News. 19 August 2019. Retrieved 21 January 2023.
  6. Davies, Rob (19 August 2019). "Greene King to be sold to Hong Kong's richest family for £2.7bn". The Guardian.
  7. "Greene King to be sold to Hong Kong property giant". 19 August 2019.
  8. Bennett-Ness2023-05-10T13:40:00, Jamie. "Civitas Social Housing agrees £485m takeover deal with CK Asset Holdings". Property Week. Retrieved 27 June 2023.{{cite web}}: CS1 maint: numeric names: authors list (link)