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  • Dec 27, 2014
  • Updated: 10:19pm

Hutchison

Hutchison Whampoa is controlled by the Cheung Kong Group, and headed by Li Ka-shing, Asia’s wealthiest man, who has been nicknamed “Superman” because of his investment prowess. Its operations include ports, with property and hotels, retailing telecommunications (Hutchison Telecommunications International) and infrastructure (Cheung Kong Infrastructure). Hutchison is also a major shareholder of Husky Energy, one of Canada’s largest energy and energy related companies. 

Hutchison Harbour Ring profit dives

Revenue at Hutchison Harbour Ring grew to HK$70.25 billion for the nine months to September from HK$65.15 billion a year earlier. Photo: Reuters

Hutchison Harbour Ring’s unaudited net profit for the nine months to September nearly halved to HK$77.46 million, the property company said in a statement to the stock exchange on Tuesday morning.

Tuesday, 21 October, 2014, 11:05am

Legco panel to look into 3G spectrum issue

Hong Kong's four leading mobile network operators will discuss the expiry and future of their 3G spectrum licences at a Legislative Council meeting. Photo: Jonathan Wong

SmarTone Telecommunications, CSL, Hutchison Telecommunications Hong Kong and PCCW's HKT are to be invited by the legislative body's panel on information technology and broadcasting to discuss the issue on March 27, according to a Legco document.

14 Mar 2013 - 6:41am

Hong Kong mobile firms oppose any 3G spectrum grab

A position paper drawn up this month by four local operators said the government's plan to seize and auction off chunks of their existing 3G spectrum would benefit China Mobile.

Efforts by Hong Kong's four leading mobile network service providers to renew their 3G spectrum is shaping up to be a battle of wills against China Mobile, the world's largest wireless network operator.

13 Mar 2013 - 5:21am

Hong Kong mobile operators gird for fight against 3G cuts

The city's big mobile network operators have warned of increased service degradation if they lose part of their 3G spectrum. Photo: Bloomberg

The government, represented by the Communications Authority, is expected to decide on that plan in October, which would be exactly three years before the 3G spectrum licences of CSL, SmarTone Telecommunications, Hutchison Telecommunications Hong Kong and PCCW's HKT are due to expire.

12 Mar 2013 - 6:29am

DP World sells stakes in Hong Kong port

Kwai Tsing Container Terminals. Photo: Bloomberg

Dubai's DP World has boosted its cash reserves by billions of Hong Kong dollars after two separate deals yesterday involving its facilities at Hong Kong's Kwai Tsing container port. One was a container terminal disposal to Hutchison Port Holdings Trust, while the other was with Australian property giant Goodman.

8 Mar 2013 - 5:37am

Business Digest, February 21, 2013

MGM China declares special dividend

Macau casino operator MGM China declared a special dividend of HK$1.02 per share as it posted unaudited earnings before interest, taxes, depreciation and amortisation of HK$5.31 billion last year, up 7.7 per cent from 2011.

21 Feb 2013 - 6:07am

3 Hong Kong and Fixmo bring high-grade personal security to smartphone users

Hutchison Telecommunications Hong Kong has joined forces with Canada's Fixmo to deliver "high-grade" personal data security to smartphone users in the city.

27 Nov 2012 - 4:14am

Hong Kong's Victor Li, son of 'Superman', has hard act to follow

Victor Li Tzar-kuoi, left, with father Li Ka-shing, right,  at a Cheung Kong Holdings Limited news conference on May 25, 2012. Photo: SCMP

Back in the days before e-mail, Victor Li, the heir to Asia’s largest family fortune, used to sleep with a fax machine by his bed, ready for his famously restless father, Li Ka-shing, to send through instructions at any time of night.

15 Oct 2012 - 5:49pm

Hutchison calls off deal to take over Scailex

Israeli firm Scailex owns 44.5 per cent of Partner Communications, which operates under the "Orange" brand. Photo: Bloomberg

Li Ka-shing's flagship conglomerate Hutchison Whampoa and his namesake charitable foundation have cancelled a US$125 million deal to acquire a majority stake in Scailex, the parent of Israeli mobile and fixed-line network operator Partner Communications.

22 Aug 2012 - 4:21am

Hutchison to buy 50pc stake in debt-laden Scailex

Li Ka-shing's flagship conglomerate, Hutchison Whampoa, and his namesake charitable foundation agreed yesterday to take control of debt- laden Scailex.

They will buy the company, the parent of Israeli mobile network operator Partner Communications, for a total consideration of US$125 million from Suny Electronics.

6 Jun 2012 - 12:00am

Hutchison sells 3G extras at flat rate

Hutchison Telecommunications International, which wants subscribers to its third-generation mobile-telephone business to try more non-voice applications, is offering Hong Kong users a flat-rate tariff for unlimited use of a new series of services, according to a company executive.

23 Jan 2007 - 12:00am

Hutchison sells ports division stake for US$4.3b

Deal gives Singapore firm 20pc interest in conglomerate's most profitable arm

Hutchison Whampoa pocketed a profit of more than HK$24 billion yesterday after selling 20 per cent of its ports division to Singapore's state-owned PSA International, casting in stone the future partnership of the world's two largest terminal operators.

22 Apr 2006 - 12:00am

Hutchison shares fall after failed 3 Italia IPO

Hutchison Whampoa's share price tumbled yesterday as it launched a bid to keep the valuation of its Italian mobile operator 3 Italia at Euro9 billion ($83 billion).

Hutchison's share price fell 2.56 per cent to $73.95 after the company shelved the initial public offering of 3 Italia when it failed to fetch the target valuation.

14 Feb 2006 - 12:00am