NWS Holdings
 | |
| Company type | Listed company |
|---|---|
| Industry | Conglomerate |
| Founded | 2002 |
| Founder | Cheng Yu-tung and Henry Cheng |
| Headquarters | , |
Area served | Hong Kong |
Key people | Chairman: Henry Cheng |
| Parent | Chow Tai Fook Enterprises |
| Website | www.nws.com.hk/ |
NWS Holdings Limited (SEHK: 659) is the conglomerate flagship of New World Development. It was established in 2002 when its predecessor, Pacific Ports Company Limited, acquired New World Services Limited from New World Development and the infrastructure assets from New World Infrastructure Limited.[1]
The company is involved in infrastructure and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division includes roads, energy, water and ports projects. Its service division comprises facilities management (the management of Hong Kong Convention and Exhibition Centre and ATL Logistics Centre), contracting (Hip Hing Construction and NWS Engineering), finance (Taifook Securities and New World Insurance) and transportation (New World First Bus, Citybus and New World First Ferry).
NWS Holdings announced on 11 June 2010 that the Group had entered into an agreement with Fung Seng Enterprises Limited to dispose of certain subsidiary companies (NWS Engineering GroupLtd) engaged in service businesses for a total consideration of HK$888.5 million.
In December 2013 Bloomberg reported that NWS Holdings agreed to acquire a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte. The company was valued at HK$2.36 billion (US$304 million), according to Bloomberg.[2]
Other companies owned by NWS Holdings include HK Ticketing.[3]
The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung, the chairman of New World Development.[4]
References
- ^ Milestones of NWS Holdings
- ^ "Billionaire Cheng's firm to acquire stake in Beijing airport". Venture Capital Post. December 18, 2013.
- ^ hkticketing.com
- ^ Overview of NWS Holdings