Hopewell Holdings
Hopewell Holdings Limited (Chinese: 合和實業有限公司) SEHK: 0054,OTCBB: HOWWY, established on 17 October 1972], is a Hong Kong-listed infrastructure and property firm headed by Sir Gordon Wu.
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[edit] History
It was listed on the Stock Exchange of Hong Kong in 1972.
Hopewell Holding is a holding company for investments in infrastructure projects, property letting, property agency and management, hotel operations and management, restaurant operation and food catering, construction and project management.
Its primary businesses are in Guangdong province of People's Republic of China and Hong Kong. It is one of the first foreign companies to invest in infrastructure projects in the China and a pioneer of infrastructure developments across Asia, including the failed Bangkok Elevated Road and Train System (BERTS) project in Bangkok.
It holds 75 percent of Hopewell Highway Infrastructure Ltd, which is spun off by Hopewell Holdings and listed on the Hong Kong stock exchange in early August, 2003. As one of the founders of Hopewell Holdings, Wu has been the managing director since 1972. He retired as the managing director of Hopewell Holdings but remains as the chairman of the board in January 2002.
[edit] Hopewell's businesses
[edit] Infrastructure
Hopewell is participating in the investment of five toll road projects with a total length of 360 kilometres (220 mi), all of which are located in the Pearl River Delta region of Guangdong Province in mainland China. Four toll road projects are in operation while construction of the 15 km (9.3 mi) Phase I of the Guangzhou-Zhuhai West Superhighway (Guangzhou to Shunde section) commenced in December 2001. All of the projects are in the form of co-operative joint ventures between Hopewell and China partners.
- Guangzhou-Shenzhen Superhighway
- Guangzhou East-South-West Ring Road
- Shunde Roads
- Shunde 105 Roads
- Guangzhou-Zhuhai West Superhighway
Also well-known is the never finished BERTS elevated metro project of the 1990s.
[edit] Property
Hopewell's property portfolio is mainly composed of commercial and residential premises in Hong Kong. These consist of more than 290,000 square metres (3,100,000 sq ft) of gross area.
- Hopewell Center
- Hong Kong International Trade and Exhibition Centre
- Nova Taipa Gardens
- Huanggang Service Area
- Allway Gardens Shopping Arcade
[edit] Hospitality
Hopewell owns hotels in Hong Kong and Guangzhou.
- Panda Hotel
- China Hotel
[edit] Principal subsidiaries
- Goldhill Investments Limited
- property investment
- Hopewell China Development (Superhighway) Limited
- investment in superhighway project
- Hopewell Construction Company, Limited
- construction, project management and investment holding
- HH Finance Limited
- loan financing
- Hopewell Food
- restaurant operation
- Hopewell Guangzhou-Zhuhai Superhighway Development Limited
- investment in superhighway project
- Hopewell Housing Limited
- property agents and investment holding
- Hopewell Huang Gang Development Limited
- property investment
[edit] See also
[edit] References
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[edit] External links
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