Cheung Kong Holdings

Hutchison Whampoa, one of Hong Kong’s largest listed companies, is controlled by Cheung Kong Group, a property company. Hutchison's operations span ports, property and hotels, retailing, power generation and telecommunications. It owns Cheung Kong Infrastructure, and is headed by Li Ka-shing, Asia’s wealthiest man.

Red-chip index loses 7 counters

PUBLISHED : Thursday, 13 May, 1999, 12:00am

UPDATED : Thursday, 13 May, 1999, 12:00am

STEPHEN SEAWRIGHT

Seven stocks will be removed from the red-chip index on May 31.

HSI Services, which compiles the index, said the seven were Beijing Development, Guangdong Tannery, Gzitic Hualing Holdings, Oriental Metals (Holdings), Shenyin Wanguo, Shougang Concord Century Holdings and Shougang Concord Grand (Group).

The red-chip index will have 41 constituent stocks after the changes.

Four stocks will join the Hang Seng 100 index - International Bank of Asia, Leading Spirit (Holdings), Li & Fung and VTech Holdings, replacing Henderson China Holdings, Nam Fong International Holdings, Oriental Press Group and Pacific Plywood Holdings.