|May 21, 2018|
|May 21, 2018|
Currency in HKD
|Full time employees:||300,000|
CK Hutchison Holdings Ltd. is an investment holding company, which engages in the development, innovation, operation and investment in different business sectors. It operates through the following segments: Ports and Related Services; Retail; Infrastructure; Husky Energy; and Telecommunications. The company was founded on December 12, 2014 and is headquartered in Hong Kong.
CK Hutchison Holdings runs a broad range of businesses, from telecommunications and retail to energy and infrastructure. The Hong Kong conglomerate operates in more than 50 countries. Chairman Li Ka-shing has long been known as Asia's richest man.
The company was created in 2015 through a merger of two holding entities -- Cheung Kong (Holdings) and Hutchison Whampoa. As part of the reorganization, CK Hutchison spun off real estate businesses in Hong Kong and China into a new company, Cheung Kong Property Holdings.
Major CK Hutchison group members include 3 Group Europe, a mobile communications company; A.S. Watson Group, a retailer that runs around 10,000 drugstores, supermarkets and other shops in Asia and Europe; Husky Energy, an energy developer based in Canada; and Hutchison Port Holdings, which controls more than 50 container terminals worldwide.
In 2015, CK Hutchison acquired O2 UK, Britain's second-largest mobile service provider. The conglomerate actively pursues acquisitions, mainly targeting regulated industries that generate stable cash flow.
The group's history goes back to the 1950s, when Li established Cheung Kong Industries. The company started out manufacturing plastic flowers. Li developed it into a real estate investment business, and in 1979, Cheung Kong acquired British trading house Hutchison Whampoa.
The chairman has maintained close relationships with successive generations of high-ranking Chinese Communist Party officials. Li's first-born son, Deputy Chairman Victor Li Tzar-kuoi, appears almost certain to succeed him.
In the news
Company in focus
Hong Kong tycoon hands $150bn empire to his son Victor
May 11, 2018 12:06 am JST
The $600 million automated cargo terminal in Eastern Economic Corridor to open in June
May 9, 2018 3:12 pm JST
Influx of mainland investors and push for affordable housing to squeeze profits
April 18, 2018 1:00 pm JST
Development targets push many groups to more eco-friendly procurement
April 5, 2018 2:40 pm JST
Self-made Hong Kong billionaire profited from a much-criticised property market
March 20, 2018 3:20 pm JST
March 19, 2018 8:40 pm JST
- Local currency
- US Dollar
|Income before tax||46,418M|
|Dividends per share||2.85|
|Operating cash flow||52,404M|
Currency in HKD
|Income before tax||5,956.51M|
|Dividends per share||0.36|
|Operating cash flow||6,724.65M|
Currency in USD
- Chairman & Group Co-Managing Director: Tzar Kuoi Li
- Group Co-Managing Director & Executive Director: Kin Ning Fok
- Group Finance Director & Executive Director: Frank John Sixt
- Executive Director & Deputy Managing Director: Tak Chuen Ip
- Executive Director & Deputy Managing Director: Hing Lam Kam
- LI FAMILY(28.3%)
- LI KA SHING(1.7%)
- The Vanguard Group, Inc.(1.7%)
- BlackRock Fund Advisors(1.3%)
- First State Investment Management (UK) Ltd.(1.0%)
- T. Rowe Price Associates, Inc.(0.9%)
- Norges Bank Investment Management(0.9%)
- Invesco Advisers, Inc.(0.8%)
- JF Asset Management Ltd.(0.7%)
- State Street Global Advisors Asia Ltd.(0.7%)
- Website: http://www.ckh.com.hk
- Address: 22/F, Hutchison House, 10 Harcourt Road, Hong Kong, Hong Kong
- Phone: +852..2128.1188
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