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.
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.”
Britain’s competition watchdog has approved CK Hutchison Holdings’ sale of its tower assets in the United Kingdom to Spanish mobile telephone infrastructure operator Cellnex Telecom in a deal valued at about €3.7 billion (US$4 billion).
CK Hutchison and CK Asset posted sharply lower profits as economic disruptions caused by the pandemic took a toll on operations ranging from ports to property.