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).
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.Wednesday, 13 August, 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
Singapore's giant state-owned investment company Temasek has splashed out HK$44 billion to own an almost 25 per cent stake in billionaire Li Ka-shing's retail arm AS Watson.22 Mar 2014 - 2:26am 6 comments
Li Ka-shing says his telecommunications and retail flagship Hutchison Whampoa hopes to spin off its AS Watson retail business for a listing in Hong Kong and an overseas market this year, after reporting better-than-expected earnings for last year.1 Mar 2014 - 1:51am
In the absence of sizeable mergers and acquisitions last year, Hutchison Whampoa’s annual results announcement on Friday is likely to be uneventful, with much of the attention focused on a plan to spin off its retailing business, AS Watson, which analysts said could spur earnings this year.26 Feb 2014 - 10:57am
Hutchison Port Holdings Trust, which operates ports in Hong Kong and Shenzhen under Hutchison Whampoa, saw its earnings sink 25 per cent last year to HK$1.67 billion because of a big dip in its Hong Kong operation and the one-off concession to liners after a damaging strike last summer.12 Feb 2014 - 12:50am