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Hutchison Whampoa

Victor Li Tzar-kuoi, chairman of CK Asset and CK Hutchison, at the announcement of CK Asset’s 2022 results. Photo: Handout

CK Hutchison’s Victor Li and Canning Fok step aside as managing directors

Li and Fok will stay on as co-executive directors, while Fok will serve as deputy chairman and chairman of its telecoms arm.

  • Li and Fok will stay on as co-executive directors, while Fok will serve as deputy chairman and chairman of its telecoms arm
  • The group’s finance director and deputy managing director will take over for the executives after the conglomerate saw profit decline 9 per cent in 2023

Here are a few Hong Kong companies that began before the Post in 1903

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Singapore’s PSA may sell Hutchison Ports stake to China’s state firms

Hong Kong’s richest man plans to add 15,075 homes to city’s supply

The land value is estimated at HK$22 billion, although Hutchison has not put a price tag on developing the project.

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A view of Hutchison United Dockyard Limited’s land (left of the bridge) and the government’s idle plot (right of the bridge) in Tsing Yi on 10 Mar 2023. Photo: Martin Chan.

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.

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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.

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Vodafone confirms potential tie-up with Hutchison’s Three UK

A combination of Vodafone and Three UK has been speculated for years, and Vodafone has teamed up with CK Hutchison in other markets including Australia.

A pedestrian speaks on a mobile handset outside a 3 Italia mobile phone store, operated by CK Hutchison Holdings in Rome, Italy, on Monday, Aug. 10, 2015. Photo: Bloomberg

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.”

CK Hutchison, Ooredoo agree to US$6.1 billion Indonesian wireless merger

Merger of CK Hutchison’s Indonesian wireless operations with PT Indosat will allow the combined business to better compete with Indonesia’s dominant carrier Telkomsel.

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Li Ka-shing’s flagships post better-than-expected results amid recovery

The two sets of financial results by one of Hong Kong’s bellwether conglomerates underscore how two successive quarters of economic growth is slowly trickling into corporate earnings, as the city continues to grapple with a recession and record high unemployment wrought by the coronavirus pandemic.

CK Hutchison Holdings’s flags outside the company's headquarters in Hong Kong on March 21, 2019. Photo: AFP

Profits slump at Li Ka-shing’s flagships Hutchison and CK Asset

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.

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CK Hutchison Holdings flags are displayed outside the company’s headquarters in Hong Kong. Photo: AFP

How two Hong Kong-owned ports will help UK pivot to Asia after Brexit

Felixstowe and Harwich, on England’s east coast, are part of the Freeport East plan designed to create low-tax, low-regulation zones.

Hong Kong’s former best-paid executive puts two houses up for sale

Property owners have been encouraged to lock in the appreciations of their investments, after Wharf (Holdings) paid a record HK$12 billion for a parcel of land on Mansfield Road on The Peak via government tender in December.

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Exclusive | Li Ka-shing’s seeker is a woman with uncanny bets on Facebook, Zoom, Siri

Backed by Hong Kong tycoon Li Ka-shing, Solina Chau has turned Horizons Ventures, established to finance Li’s philanthropy, into one of Asia’s most formidable venture capital funds.

Solina Chau Hoi-shuen, co-founder of Horizons Ventures. Photo: Handout

Victor Li pushes Husky Energy into US$18 billion merger to end oil losses

CK Hutchison is backing an US$18 billion merger between its unit Husky Energy and Canadian rival Cenovus Energy to help end losses from global oil-market slump.

Victor Li Tzar-kuoi, Chairman and Group Co-Managing Director of CK Hutchison, during a media briefing in Central, Hong Kong in March 2019. Photo: Jonathan Wong

CK Life to market test kits to help Hong Kong diagnose Covid-19 faster

The introduction of the test kits comes as the coronavirus pandemic is developing a so-called second wave of worldwide infections in Europe and North America.

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All eyes on son of ‘Superman Li’ as he steers CK through Hong Kong’s slump

All eyes are on Li as he steers one of Hong Kong’s most renowned companies through a pandemic. The last time the city’s economy caught a similar slump in 2003, Cheung Kong’s reins were in the grips of an entrepreneur dubbed “Superman Li” for his deal making prowess.

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‘Superman’ returns to China with Cheung Kong’s US$360m venture

CKI has signed an agreement to set up a venture with Shenzhen-listed Jilin Power, a unit of State Power Investment Corporation, it said in a statement

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Tycoon Li Ka-shing, dubbed ‘Superman’, pictured at the Cheung Kong Group annual dinner in Wan Chai in January, 2019. Photo: Felix Wong

If Mangkhut was bad, wait till the next super typhoon hits at high tide

Super Typhoon Mangkhut, which left Hong Kong with a HK$3.1 billion (US$397 million) insurance bill as it swept past the city last summer, could have been even more devastating, if it had hit during high tide.

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CK Life’s shares soar after favourable trial results on skin cancer drug

In the US alone, 96,000 new cases of melanoma - skin cancer that primarily afflicts people with fair skin after severe exposure to ultraviolet light - are expected this year, resulting possibly in 7,000 deaths, according to CK Life’s chief operating officer Alan Yu Ying-choi

Hong Kong-listed property firms donate over US$2 billion in past two years

China Evergrande Group was the biggest donor last year, handing out HK$4.3 billion, some 5.7 per cent of its annual profit, according to a study by Sodata Analytics Foundation Association.

China Evergrande was the biggest donor among Hong Kong-listed property companies last year. Photo: Reuters

Opinion | As Hongkongers leave the city, mainland capital will move in

The city that has already witnessed two major power transfers in the past 50 years is going through its third, as mainland companies become more influential than the local business elite. However the current unrest ends, a wave of migration is expected to hit.

Anti-government demonstrators protest at Victoria Park, Hong Kong, on September 18. No matter how the current mess ends, the tens of thousands of Hongkongers who hold other passports are now looking to leave the city. Photo: Reuters

Chinese report ‘shames’ Fortune 500 firms that mislabel territories

Researchers produce study to highlight ‘failings’ of firms like CK Hutchison Holdings, AIA Group and Taiwan Semiconductor Manufacturing.

Li Ka-shing’s port trust kicked off Straits Times Index amid trade spat

Hong Kong, once the world’s busiest container port, has lost volumes to its neighbours in the last two decades and slipped in global rankings to seventh place last year, falling behind Shanghai, Singapore, Ningo, Shenzhen, Guangzhou and Busan.

Deal maker Li Ka-shing and son Victor rack up huge advisory fee bill

CK Hutchison and sister company CK Asset Holdings ranked as top advisory fee-paying companies with a tab of US$126.9 million since 2015.

Hong Kong tycoon Li Ka-shing (right) confers with his son Victor Li at CK Hutchison Holdings’ results announcement on March 16, 2018. Since Li Ka-shing’s retirement, Victor Li has taken up his father’s mantle. Photo: AP

Vodafone Australia, TPG Telecom merger blocked by regulator

Australian competition regulator blocks planned US$7.7 billion deal that would merge TPG Telecom and Vodafone Hutchison Australia Pty

The Australian Competition and Consumer Commission said on Wednesday ‘it has decided to oppose the proposed merger’ between Vodafone Hutchison Australia and TPG Telecom. A jogger in front of newly constructed residential and commercial projects in Sydney. Photo: AFP

China gives makers of cranes, containers leg up with ports’ growth

The explosive growth in China’s ports since the country’s WTO membership has bolstered home-grown vendors in the shipping industry, helping them dominate the supply of cranes and shipping containers

Will lower fees help China’s ports widen their lead over Hong Kong?

The ports business is a reflection of commerce, and Chinese harbours have prospered with the explosive growth of trade since China joined the World Trade Organisation in December 2001.

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Hutchison Whampoa
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).
last updated:
21 August, 2024
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