Cheung Kong Holdings

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Cheung Kong (Holdings) Limited
HeadquartersCheung Kong Center, Hong Kong Island, Hong Kong
Key people
Li Ka Shing, Chairman
Victor Li Tzar-kuoi, Managing Director and Vice Chairman
ProductsReal estate, Investment, life sciences, IT, Hotels, telecommunications; & internet
RevenueHK$32.863 billion (US$4.2 billion) (2010)
HK$26.478 billion (US$3.4 billion) (2010)
Number of employees
9,500 (2010)
ParentCK Hutchison Holdings Limited
Footnotes / references
Associates: Hutchison Whampoa
Cheung Kong Infrastructure Holdings Limited
Hutchison Asia Telecommunications and TOM Group
Cheung Kong Holdings
Traditional Chinese長江實業 (集團) 有限公司
Simplified Chinese长江实业 (集团) 有限公司

Cheung Kong (Holdings) Limited, was a multinational conglomerate, based in Hong Kong. It was one of Hong Kong's leading multi-national conglomerates. The company merged with its subsidiary Hutchison Whampoa on 3 June 2015, as part of a major reorganisation,[1] to become part of CK Hutchison Holdings.

The Chairman of Cheung Kong Holdings was Li Ka Shing (李嘉誠), while his elder son, Victor Li (李澤鉅), was Managing Director and Deputy Chairman. Li Ka Shing founded Cheung Kong Industries in 1950s as a plastics manufacturer. Under his leadership, the company grew rapidly and eventually evolved into a property investment company. "Cheung Kong (Holdings) Limited" was established in 1971.[2]

The Cheung Kong Group was one of the largest developers of residential, office, retail, industrial and hotel properties in Hong Kong. With its long history of property development expertise and residential estates, Cheung Kong Holdings has built many of Hong Kong's most notable landmark buildings and complexes. As part of the reorganisation of the group, a new company composed of the group's property assets was spun-off in June 2015 as Cheung Kong Property Holdings.

Component companies[edit]

The market capitalisation of the Cheung Kong Group's Hong Kong listed companies amounted to HK$1,148 billion on 31 January 2015. The Group operated in over 50 countries and employs over 240,000 staff worldwide.

The Group had nine companies.

The company was first listed on the Hong Kong Stock Exchange in 1972 as Cheung Kong Holdings, and developed into a property development and strategic investment company, with substantial interests in life sciences and other businesses.[3]

Cheung Kong Group became one of the largest developers in Hong Kong with a long history of property development. About one in twelve of the private residences in Hong Kong were developed by the company.

The company and Sun Hung Kai Properties together became increasingly dominant in the development of new private homes, accounting for 70% of the market in 2010, up from around half of that in 2003. This concentration, with much of the rest of the market occupied by other very large firms, is attributed to the government's policy of auctioning land in expensively large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.[4]

Its board of directors included Wong Yuchin, Victor Li Tzar-kuoi, elder son of Li Ka-shing, Canning Fok, Simon Murray, and was chaired by Li senior.


In January 2015, Li Ka Shing confirmed the business would be restructured and its property business spun-off as a separately listed company, Cheung Kong Property.[5] Under the plans, Cheung Kong Holdings purchased the shares in Hutchison Whampoa that it did not already own, and merged the companies under a new single holding company, CK Hutchison Holdings. The new holding company was established on 18 March 2015, based in the Cayman Islands, but listed in Hong Kong.[6]

Hutchison Whampoa was delisted on 3 June 2015, on the same day that a new company comprising the group's existing property assets, Cheung Kong Property Holdings, began trading.[7][8]



The company operates mobile telephone services under the 3 brand in 10 countries, inherited from Hutchison Whampoa.

CK Hutchison's telecommunications subsidiaries in Hong Kong and Australia are listed companies; the company holds 66.09% and 87.87% stakes in these respectively.

Cheung Kong Infrastructure Holdings Ltd[edit]

The Chairman of Cheung Kong Infrastructure Holdings Limited (CKI) is Victor Li Tzar Kuoi. CKI is the largest diversified infrastructure company listed on the Hong Kong Stock Exchange. It is a Hong Kong-based diversified infrastructure company, focused on the development, investment and operation of infrastructure businesses in many countries such as China, Australia, and the United Kingdom.[9]

CK Hutchison holds a 75.67% stake in the company.

Power Assets Holdings Limited[edit]

The Chairman of Power Assets Holdings Limited is Canning Fok Kin-ning. The listed Hongkong Electric group of companies are[10]

  • The Hongkong Electric Company Limited (HEC),
  • Hongkong Electric International Limited (HEI),
  • Associated Technical Services Limited (ATS); and
  • some minor subsidiaries.

The Hongkong Electric Company Limited mainly concentrates on generation and supply of electricity on Hong Kong Island and Lamma Island. Hongkong Electric International Limited pursues overseas investment opportunities and Associated Technical Services Limited's principal activity is engineering consultancy and project management.

CK Hutchison holds a 38.87% stake in the company.

CK Life Sciences Int'l., (Holdings) Inc.[edit]

CK Life Sciences is engaged in the business of research and development, commercialisation, marketing and sale of biotechnology products. Products developed by CK Life Sciences are categorised into two areas:

  1. Human health; and
  2. Environmental sustainability.

CK Hutchison holds a 45.32% stake in the company.

Other investments[edit]

Apart from the core business of property development, CK Hutchison' ventures include TOM Group Limited.[11] iMarkets Ltd, iBusiness Corporation Limited, CK Communications Ltd, Excel Technology International Holdings Ltd, mReferral Corporation (HK) Ltd and Beijing Net-Infinity Technology Development Co., Ltd.

Hutchison Whampoa's 34% stake in the Canadian energy company Husky Energy passed to CK Hutchison on completion of the merger.[12]

See also[edit]


  1. ^ Sito, Peggy; Li, Sandy (25 February 2015). "Li Ka-shing's two firms set for merger as Cheung Kong shareholders approve revamp". South China Morning Post. Retrieved 12 March 2015.
  2. ^ "cheung kong holdings ltd (1:Hong Kong)". Businessweek. Archived from the original on 18 June 2013. Retrieved 21 March 2013.
  3. ^ "Cheung Kong (Holdings) Ltd". Reuters. Retrieved 18 April 2013.
  4. ^ Kwok, Vivian (12 August 2010). "Two developers tower over market". South China Morning Post. Retrieved 12 August 2010.
  5. ^ Yun, Michelle; Chan, Vinicy (9 January 2015). "Cheung Kong to Buy Out Hutchison in $24 Billion Restructuring". Bloomberg Business. Retrieved 12 March 2015.
  6. ^ Sito, Peggy; Li, Sandy (25 February 2015). "Li Ka-shing's two firms set for merger as Cheung Kong shareholders approve revamp". South China Morning Post. Retrieved 12 March 2015.
  7. ^ Wong, Imogene (27 May 2015). "Curtains down for Hutchison Whampoa". The Standard. Retrieved 31 May 2015.[permanent dead link]
  8. ^ Yun, Michelle (3 June 2015). "Li Ka-shing's Property Spin Off Debuts at HK$70 in Hong Kong". Bloomberg Business. Retrieved 25 August 2015.
  9. ^ Cheung Kong Infrastructure Holdings Limited: Chairman's message
  10. ^ Hongkong Electric Holdings Limited: About us Archived 28 September 2007 at the Wayback Machine
  11. ^ TOM Group: Company Overview Archived 14 August 2007 at the Wayback Machine
  12. ^[bare URL image file]

External links[edit]