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. 

ParknShop solo sale scrapped

Li Ka-shing.

Companies controlled by Asia's richest man, Hong Kong tycoon Li Ka-shing, said yesterday that they were selling a Shanghai property venture for HK$9 billion but that the ParknShop supermarket chain was no longer up for individual sale, prompting fresh speculation about investment flight from the Hong Kong and mainland markets.

Sunday, 20 October, 2013, 12:25am 2 comments

Cheung Kong sells mall amid profit squeeze

Cheung Kong is selling Kingswood Ginza Property to Fortune Reit for HK$5.85 billion. Photo: K. Y. Cheng

Billionaire Li Ka-shing's Cheung Kong (Holdings) has agreed to sell its shopping mall in Tin Shui Wai for about HK$5.85 billion, a move which analysts say aims to boost earnings affected by the government's housing policies.

31 Jul 2013 - 4:28am

CKI eager to enter new industries as profit grows

Victor Li says the firm will expand investments. Photo: SCMP

Cheung Kong Infrastructure says it is still on the prowl for investment opportunities, including those in new industries, as it reported 10.3 per cent growth in interim profit yesterday.

26 Jul 2013 - 3:51am

Li firms buy Dutch waste venture

Li Ka-shing is buying Dutch waste management firm AVR Afvalverwerking for HK$9.7 billion. Photo: SCMP

A group of companies controlled by Li Ka-shing is buying Dutch waste management firm AVR Afvalverwerking for HK$9.7 billion, Li's second investment in a waste treatment firm this year.

18 Jun 2013 - 5:24am

Li Ka-shing's firms deny links to Rafael Hui

Rafael Hui Si-yan. Photo: Edward Wong

Two companies controlled by Hong Kong's richest man, Li Ka-shing, issued a strongly worded public denial of a story linking them to Rafael Hui Si-yan, the former government No 2 who is accused of corruption.

3 Mar 2013 - 5:14am

Briefs, January 19, 2013

Charles Lee Yeh-kwong was appointed as a non-executive director of Cheung Kong.

China discovered more than 1.4 billion tonnes of new proven oil reserves last year, its third-highest annual haul ever, while its proven reserves of natural gas rose by a record of nearly 900 billion cubic metres over the year, the Ministry of Land and Resources said.

19 Jan 2013 - 5:12am

Developers extend rally amid absence of curbs

Midland is also among the beneficiaries from Leung Chun-ying's policy address. Photo: Edward Wong

Shares of property developers continued to climb yesterday after Wednesday's gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive.

Cheung Kong, Sun Hung Kai Properties and Henderson Land Development rose between 0.5 per cent and 1 per cent as analysts expected home sales transactions to pick up now.

18 Jan 2013 - 5:27am

Business Digest, January 17, 2013

HKMA announces senior appointments.

The European Union will not be drawn into a trade war with China, EU ambassador to Beijing Markus Ederer insisted, a day after trade sources said the European Commission found China illegally subsidises its steel producers. 

17 Jan 2013 - 4:19am

The secret to successful flat sales in Hong Kong? Be crazy

Illustration: Martin Megino

What do James Bond, Elvis Presley and an Arab sheikh have in common? Justin Chiu Kwok-hung.

The Cheung Kong (Holdings) executive director single-handedly made the city's property launch events more colourful and fun in the early 2000s, dressing up as these characters and attracting both media coverage and buyer interest.

12 Jan 2013 - 4:02am

Li retains lead in Hong Kong rich list with US$30b fortune

Li Ka-shing, Chairman of Hutchison Whampoa Ltd. and Cheung Kong (Holdings) Ltd. Photo: Sam Tsang

Property tycoon Li Ka-shing is still Hong Kong's richest man thanks mainly to a property boom that helped boost his personal wealth last year to US$30 billion.

11 Jan 2013 - 1:02pm

Developer should foot the bill: Urban Renewal Authority

The Center was built over a decade ago, in 1998. Photo: David Wong

A Cheung Kong unit agreed to pay for the resumption of land on which The Center was built, and the agreement is still in force, lawyers for the Urban Renewal Authority told a court yesterday.

9 Jan 2013 - 5:17am

Power Assets veteran steps down as chief

Tso Kai-sum

Tso Kai-sum, who has served at least four decades in Li Ka-shing's Cheung Kong group of companies, will step down as the group managing director of the utilities unit Power Assets Holdings from January 1.

29 Dec 2012 - 4:58am

Cheung Kong eyes bumper property sales in 2013

Justin Chiu Kwok-hung criticised analysts' One West Kowloon sales forecasts, saying they were not realistic given the flats cost more than HK$10 million each. Photo: Felix Wong

Cheung Kong (Holdings) expects to bank between HK$28 billion and HK$30 billion from property sales in 2013, higher than this year despite the market being clouded by growing uncertainty.

The projected property sales will be slightly more than this year's HK$27 billion on sales of 3,300 units, said executive director Justin Chiu Kwok-hung.

28 Dec 2012 - 4:14am

Cheung Kong and Hutchison Whampoa sell Marina Bay stake

The Marina Bay Financial Centre. Photo: Bloomberg

Cheung Kong and Hutchison Whampoa sold a combined 30 per cent interest in Singapore's Marina Bay Financial Centre Tower 3 for S$1.04 billion (HK$6.56 billion) to DBS Group.

One analyst suggested the companies sold because they thought the price of Singapore's office real estate had peaked. The stake was held through a joint venture.

11 Dec 2012 - 2:55am

'Slow start' to flat sales at One West Kowloon

Cheung Kong offers 100 flats for sale in its One West Kowloon project yesterday. Photo: Felix Wong

Cheung Kong sold 30 units of its Lai Chi Kok project in the first hour of its launch yesterday, a result that market watchers described as a poor sales performance.

6 Dec 2012 - 3:16am

Pages