Hutchison Whampoa is a Fortune 500 company and one of Hong Kong’s largest listed companies. It is 49.97 per cent owned by the Cheung Kong Group, a property company. Hutchison’s origins date back to two companies founded in the 19th century – Hong Kong and Whampoa Dock, established in 1863 by British merchant John Duflon Hutchison, and Hutchison International in 1877. In 1977, Hutchison became Hutchison Whampoa Ltd. Its operations include ports, with operations across Europe, the Americas, Asia, the Middle East and Africa, property and hotels, retailing through AS Watson & Co, PARKnSHOP supermarkets, Fortress electrical appliance stores, telecommunications through Hutchison Telecommunications International Ltd. It is also involved in infrastructure through its infrastructure arm, Cheung Kong Infrastructure, and has an interest in Hongkong Electric Holdings (HEH), the sole electricity supplier to Hong Kong Island and Lamma Island. Hutchison is also a major shareholder of Husky Energy, one of Canada’s largest energy and energy related companies. It is headed by Li Ka-shing, Asia’s wealthiest man, who has been nicknamed “Superman” because of his investment prowess.
Chains fare poorly in Aberdeen price check
Wellcome and ParknShop have the highest prices in Aberdeen, with some goods priced 50 per cent more than competitors, says the Consumer Council.
Five of 10 goods that varied most in price at various shops in Aberdeen were found to be most expensive at ParknShop, and five were most expensive at Wellcome.
The council's survey compares the prices of various goods at supermarkets, groceries and health-and-beauty stores in a different area every week.
Yesterday, the council released its latest survey, on 34 items at 12 shops in Aberdeen, including the list of 10 items whose prices fluctuated most. In some cases, multiple retailers carried the same price.
ParknShop and Wellcome carried the highest tag prices for roughly three-quarters of the products surveyed. Of 24 food products, 15 were most expensive at ParknShop or Wellcome, and of 10 household items, nine were most expensive at those chains. Their prices ranged from 3.3 per cent to nearly 60 per cent higher than at other retailers.
Watsons and Mannings, also large chains, were not much better for value, carrying the highest prices on seven of the surveyed goods.
The best-priced outlets were small pharmacies and supermarkets that were not part of large chains.