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. 

Long queues as Li Ka-shing’s latest Hong Kong housing project sells at 20pc discount

Thousands cram into Fortune Metropolis building in Hung Hom yesterday in a bid to buy a unit. Photo: Jonathan Wong

The biggest property sale since the latest squeeze on mortgages proved a sell-out as Li Ka-shing's CK Hutchison sold 740 flats at its Hemera project in Tseung Kwan O after offering discounts of 20 per cent.

Wednesday, 15 April, 2015, 1:48pm 21 comments

Hutchison completes buyout of British mobile carrier O2 for £10.25 billion

Hutchison Whampoa is owned by Asia’s richest man, Li Ka-shing. Photo: Bloomberg

Hutchison Whampoa, the Hong Kong conglomerate owned by Asia’s richest man, Li Ka-shing, has bought Britain’s second-largest mobile carrier, O2, for £10.25 billion (HK$118.23 billion).

The deal was first announced on January 23. O2 was owned by Spain’s Telefonica.

Hutchison shares climbed 1.16 per cent in early morning trading on Wednesday to HK$104.8.

25 Mar 2015 - 10:20am

HPH Trust takes HK$19 billion “goodwill” write-down on Hong Kong terminal assets

Li Ka-shing flashes a wide smile. His HPH Trust just announced a HK$19 billion goodwill write-down of its Hong Kong terminal assets. Photo: Bloomberg

Hutchison Port Holdings Trust took a HK$19 billion “goodwill” impairment write-down of its Hong Kong terminal assets, amid concerns Li Ka-shing is retreating from Hong Kong.

7 Feb 2015 - 1:37pm 6 comments

Li Ka-shing’s Hutchison Whampoa shares jump as it confirms HK$119 billion bid for UK mobile firm O2

Billionaire Li Ka-shing is said to be buying a UK wireless carrier. Photo: Bloomberg

Billionaire-industrialist Li Ka-shing is about to make his biggest telecommunications-related acquisition, with a deal to buy British mobile operator O2 for as much as 10.25 billion pounds (HK$119.4 billion).

23 Jan 2015 - 6:29pm

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.

The company, a unit of Li Ka-shing’s Hutchison Whampoa, invests in commercial property in Shanghai. Its net profit in first nine months of 2013 was HK$149.5 million.

21 Oct 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.

5 May 2015 - 12:02pm

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.

8 May 2015 - 4:18pm