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).
A Hong Kong court approved on Tuesday the merger plan of billionaire Li Ka-shing’s CK Hutchison and its associate Hutchison Whampoa to complete the final step in the restructuring of his business empire.Tuesday, 19 May, 2015, 5:42pm 2 comments
Shareholders of Hutchison Whampoa on Monday voted in favour of the mega reorganisation proposed for the company and its parent CK Hutchison Holdings (CKH Holdings), bringing chairman Li Ka-shing’s restructuring plan for his business empire near to completion.
Hutchison said more than 99 per cent of votes from shareholders at a general meeting had been in favour of the merger plan.21 Apr 2015 - 1:36am
Billionaire Li Ka-shing’s Hutchison Whampoa 2014 full year net profit jumped 116 per cent year on year to HK$67.2 billion, buoyed by gains in property revaluation and disposal of investments.
But if one excludes one-time gains, the recurring net profit grew by just 3 per cent to HK$32 billion, falling short of analysts’ expectations it would stand at HK$32.8 billion.26 Feb 2015 - 10:16pm
Hutchison Whampoa share price rose in Friday morning trading, after news that the Hong Kong conglomerate was in talks for a partial disposal of its port assets valued up to HK$150 billion to HK$160 billion.
Hutchison opened 0.97 per cent higher at HK$103.5 and had risen 1.5 per cent as of 2.30pm. The company has a market capitalisation of around HK$441 billion.6 Feb 2015 - 2:41pm
At one time, the port assets of Hutchison Whampoa were the crown jewels in the business empire of billionaire Li Ka-shing. Today, those assets seem to be losing their lustre.6 Feb 2015 - 6:30am
Billionaire Li Ka-shings’ decision to pitch his tent in the Cayman Islands because it is a more “convenient” place to set up his new firms has had the effect of stoking the question whether Hong Kong has lost its allure as an easy place to do international business.15 Jan 2015 - 3:40pm
Efforts of billionaire-industrialist Li Ka-shing to spur consolidation in the European telecommunications market will likely accelerate, after Hong Kong’s richest man completes the restructuring of his two flagship companies.13 Jan 2015 - 8:38am
Analysts were quick to identify value in the deal, mainly to come from the removal of a complex controlling structure dating back to 1997.13 Jan 2015 - 5:24pm 1 comment
Shares in Hong Kong tycoon Li Ka-shing’s two principal business operations rose sharply yesterday on Monday after Friday night’s merger announcement.12 Jan 2015 - 7:22pm
Hutchison Whampoa could be poised to make its biggest mobile telecommunications investment in Europe as speculation swirled about its reported bid for EE or Telefonica's O2 in Britain.29 Nov 2014 - 4:37am 1 comment
Li Ka-shing is set to sell Shanghai property assets worth almost HK$6 billion, bringing the value of disposals made by him on the mainland and in Hong Kong since August last year to about HK$25 billion.13 Aug 2014 - 10:45pm 13 comments
Recurring earnings before property revaluation and exceptional items for the first half at Hutchison Whampoa grew 13 per cent year on year to HK$13.5 billion, beating analysts' expectations.1 Aug 2014 - 2:15pm
Hutchison Whampoa has resumed talks with Russian telecommunications group Vimpelcom over merging their Italian mobile firms, encouraged by Hutchison's getting the go-ahead last week for an acquisition in Ireland, several people familiar with the situation said.5 Jun 2014 - 5:17am
Restructurings of family companies often reveal hard truths about their future.1 May 2014 - 1:16am 1 comment
Hutchison Whampoa's shares fell 5.05 per cent yesterday in its largest drop in more than two years as the disposal of a 24.95 per cent stake in its retail arm to Singapore's Temasek last Friday was at a price lower than expected by the market.
The disappointment in the valuation saw the stock skid 5.98 per cent to a low of HK$100.60 before closing at HK$101.60 from HK$107 previously.25 Mar 2014 - 1:32am