TOPIC

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Cheung Kong

(長江企業控股有限公司)

Cheung Kong

長江企業控股有限公司

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.

Chairman / President

LI Tzar Kuoi

CFO / Finance Director

Frank John SIXT

Industry

Conglomerate

Website

ckh.com.hk

Headquarters address

Cheung Kong Center, Hong Kong Island, Hong Kong

Stock Code

SEHK: 1

Year founded

1950s

last updated:

27 August, 2024

Potential buyers view a model of an apartment complex at the sales office of CK Asset’s LYOS housing development, in November 2021. Photo: Edmond So

Hong Kong economy

Letters | Hong Kong property: education needed to keep mainland Chinese buyers coming

Readers discuss property developers becoming more aggressive in pursuing recompense for cancelled transactions, and the city’s cryptocurrency ambitions.

14 Sep 2024 - 11:30AM

Banking & finance

Elder scion of Hong Kong’s wealthiest clan mulls a family office

11 Jul 2024 - 10:32AM

Li Ka-shing

Li Ka-shing’s CK Hutchison ends Italian telecoms joint venture with Sweden’s EQT

13 Feb 2024 - 9:42PM

Hong Kong property

Hong Kong homebuyers flock to discounted new home sales over the weekend

Homebuyers in Hong Kong have continued to flock to projects that offer them best value for their money, with CK Asset Holding selling almost all units in the latest batch of its Coastline project on Sunday.

27 Aug 2023 - 6:50PMvideocam

A model of the Coastline residential project being developed by CK Asset Holdings. Photo: Bloomberg

Hong Kong property

Developers entice Hong Kong homebuyers with discounts in weekend sale bonanza

Most of the new units on Saturday came from Villa Garda III in Tseung Kwan O, which sold 73 of the 138 put up for sale.

26 Aug 2023 - 6:30PMvideocam

Hong Kong property

Analysis | ‘Always the first’: CK Asset’s history of foretelling property slumps

‘As a developer you want your money back as soon as possible, and also to get a profit,’ an expert says. It’s advice the flagship developer of billionaire Li Ka-shing has long held close to its heart.

13 Aug 2023 - 12:45PM

Weekend Property

CK Asset’s Yau Tong launch sells out as crowds thronged show room

Hong Kong’s powerful guild of property developers allayed fears of a price war in the home market.

12 Aug 2023 - 9:58PM

Buyers of Coast Line II apartments in Yau Tong at CK Asset Holding’s sales office at Fortune Metropolis in Hung Hom on 12 August 2023. Photo: Yik Yeung-man

Hong Kong property

Li Ka-shing’s flagships see profits plunge as high interest rates take a toll

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong’s richest man Li Ka-shing, reported a drop in their first-half earnings, as the high interest rate environment continued to pile pressure on businesses in the city.

3 Aug 2023 - 6:58PMvideocam

Mergers & Acquisitions

CK Hutchison, Vodafone to merge units to form UK’s biggest mobile provider

Vodafone will own 51 per cent of the joint venture, which will combine its domestic mobile business with CK Hutchison’s Three UK operations and create Britain’s largest mobile provider in a deal worth US$15.7 billion.

14 Jun 2023 - 8:48PMvideocam

Hong Kong property

Victor Li says government has to ‘make the numbers work’ for Lantau project

Financial Secretary Paul Chan has said the government will push ahead with moves to increase land supply as high housing prices remain an issue.

19 May 2023 - 6:00AM

Rendered illustration of three artificial islands project at Lantau. Photo: Handout

Mergers & Acquisitions

CK Hutchison to form new Italian telecoms company with Sweden’s EQT

CK Hutchison’s Wind Tre will transfer its active network equipment and wholesale mobile and wholesale fixed communications services business in Italy to the new company, which will have an enterprise value of US$3.7 billion.

12 May 2023 - 9:30PM

A 3 Italia mobile phone store, operated by CK Hutchison Holdings, in Rome. Photo: Bloomberg

Mergers & Acquisitions

Li Ka-shing’s CK Asset makes offer for London-listed Civitas Social Housing

Civitas owns specialised supported housing and residential care houses in the UK and CK Asset sees it as a complentary asset.

9 May 2023 - 10:00PM

Hong Kong property

Hong Kong’s homebuyers return after banks kept rates steady

The long queues were a welcomed sight for Hong Kong’s developers and agents, as rising rates combined with the Covid-19 pandemic to knock the city’s property bull market off its footing.

25 Mar 2023 - 9:26PM

Banking & finance

Chinese, Hong Kong businesses sweat fallout of a diminished British pound

From Li Ka-shing’s empire to an office tower bought by James Tien Pei-chun’s Manhattan Garments Group, the whipsawing British pound could draw blood from some of Hong Kong and China’s biggest businesses.

15 Oct 2022 - 10:00AMvideocam

Weekend Property

CK Asset leans on tumbling pound to sell new London luxury project

CK Asset launches the first 20 units of its Powerhouse development in Kensington and Chelsea amid Sterling’s recent plunge.

8 Oct 2022 - 7:01PMvideocam

CK Asset’s Powerhouse luxury property project in the Royal Borough of Kensington and Chelsea in London. Photo: Handout

Hong Kong property

CK Asset sells Hong Kong luxury project to Singapore fund for US$2.6 billion

The buyer, LC Vision Capital 1, is an offshore fund founded by Sino Suisse Capital, a closely held money manager run by Albert Liu.

29 Sep 2022 - 2:18PMvideocam

Hong Kong property

Glut of new prime Hong Kong office space could further depress rents

With 2.8 million sq ft of new prime space hitting the market this year, supply will reach a level not seen since 2008 and is set to expand further in the next two years, consultant Cushman & Wakefield says.

17 Aug 2022 - 10:00AM

Hong Kong property

Li Ka-shing’s developer unveils ‘glass curtain’ design of new skyscraper

The redevelopment of Hutchison House will add 550,000 square feet of prime office space – about the size of 10 football fields – in Hong Kong’s main business zone of Central.

10 Aug 2022 - 8:30PMvideocam

Artist’s impression of the Cheung Kong Center II, which will be a new prime office tower in Central. Photo: SCMP Handout

Hong Kong property

Li Ka-shing’s CK Hutchison, CK Asset post first-half earnings increases

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Li Ka-shing, Hong Kong’s richest man, reported increases in their first-half results on Thursday, despite a “worrisome” Covid-19 situation in mainland China and Hong Kong.

4 Aug 2022 - 7:50PMvideocam

Mergers & Acquisitions

CK Asset bids for Evergrande’s Hong Kong tower in lifeline for developer

The 26-storey tower, bought by Evergrande for HK$12.5 billion (US$1.61 billion) in 2015, is one of the key assets marked for disposal by the distressed Shenzhen-based developer.

28 Jul 2022 - 5:45PMvideocam

Hong Kong property

Tuen Mun site bids rejected as premiums come below reserve price

The Hong Kong government rejected all five bids received for a 1.3 million square feet residential site in Tuen Mun, as all tenders came in below the reserve price.

26 Apr 2022 - 9:44PMvideocam

The bids received for lot 561 in Tuen Mun fell short of the government’s minimum price expectation. Photo: K. Y. Cheng

Banking & finance

BitMEX lays off a quarter of its global staff amid business revamp

Work-from-home operations may leave BitMEX with a smaller real estate need, putting its Cheung Kong Center lease into question when it is due for renewal next year, a source said.

5 Apr 2022 - 5:30PMvideocam

Hong Kong property

Li family’s flagships beat earnings forecasts with assets, discipline

The conglomerate, with businesses touching almost every aspect of the average Hongkonger’s life, said it was able to pull through the pandemic because of its “financial discipline, resilience and agility.”

17 Mar 2022 - 7:23PM

Hong Kong property

Hong Kong analysts slash forecasts in home prices as Covid-19 bites

Property developers, who usually conduct their sales campaigns on weekends, have deferred the launch of new projects until the second quarter, when the current Covid-19 outbreak is expected to recede.

14 Mar 2022 - 12:09PMvideocam

Li Ka-shing

CK Asset sells London office block to Korean pension fund for US$1.6 billion

CK Asset Holdings bought 5 Broadgate, the London headquarters of UBS, with proceeds from the sale of The Center office tower in Hong Kong.

12 Mar 2022 - 1:25AMvideocam

CK Asset on Friday said that it had sold the 5 Broadgate office building next to Liverpool Street railway station in London. Photo: Handout

Li Ka-shing

Victor Li’s UK power asset attracts bidders in potential billion-dollar deal

The preliminary expression of interest has yet to be ‘properly analysed’, Victor Li companies say.

5 Mar 2022 - 8:00AM

Close up of a flag outside the Cheung Kong Center photographed in Central. Photo: SCMP / Dickson Lee

Hong Kong property

CK Asset unit wins To Kwa Wan residential site for US$767 million

Centenary Investments Limited, a wholly-owned subsidiary of CK Asset Holdings, won two adjoining sites about eight minutes walk to the To Kwa Wan MTR Station for HK$5.99 billion (US$767.3 million), the Urban Renewal Authority said. The price was lower than the market expectation of HK$6 billion to HK$6.8 billion.

3 Mar 2022 - 8:15PM

Millionaires and billionaires

Hong Kong’s ‘Superman’ tops Forbes’ list of city’s 50 top tycoons

Half of Hong Kong’s 50 top multibillionaires actually became richer last year, as their fortunes grew in defiance of the Covid-19 pandemic.

24 Feb 2022 - 7:11PM

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