Cheung Kong (Holdings) Limited, is a multinational conglomerate, based in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

. 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, to become part of CK Hutchison Holdings. The Chairman of Cheung Kong Holdings was Li Ka-shing, while his elder son, Victor Li, was managing director and deputy chairman. Li Ka-shing founded Cheung Kong Industries in the 1950s as a plastics manufacturer. Eventually the company evolved into a property investment company. Cheung Kong (Holdings) Limited was established in 1971. The Cheung Kong Group develops residential, office, retail, industrial and hotel properties in Hong Kong, with a history of property development and residential estates. As part of a reorganisation, a new company composed of the group's property assets was spun-off in June 2015 as Cheung Kong Property Holdings.

Component companies

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 operates in over 50 countries and employs over 240,000 staff worldwide. The group had nine companies: * Hutchison Whampoa Limited () * Cheung Kong Infrastructure Holdings Limited () * Power Assets Holdings Limited () * CK Life Sciences Int'l., (Holdings) Inc. () * Hutchison Asia Telecommunications Limited * TOM Group Limited () 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 interests in life sciences and other businesses. 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 expensive large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.

Restructuring

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. 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 The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

, but listed in Hong Kong. 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.

Shareholdings

Telecommunications

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

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 The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. It is a Hong Kong-based diversified infrastructure company, focused on the development, investment and operation of infrastructure businesses in countries such as China, Australia, and the United Kingdom. CK Hutchison holds a 75.67% stake in the company.

Power Assets Holdings Limited

The chairman of Power Assets Holdings Limited is Canning Fok Kin-ning. The listed Hongkong Electric group of companies are *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 the 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.

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, human health and environmental sustainability. CK Hutchison holds a 45.32% stake in the company.

Other investments

Apart from the core business of property development, CK Hutchison's ventures include

TOM Group TOM Group Limited () is a technology and Media listed on the Main Board of the Stock Exchange of Hong Kong. TOM Group's technology platform and investment-related businesses encompass Mobile Internet, E-Commerce, Fintech and Advanced Data An ...

Limited. Ltd, Corporation Limited, CK Communications Ltd, Excel Technology International Holdings Ltd, Corporation (HK) Ltd and Beijing Net-Infinity Technology Development Co., Ltd. Hutchison Whampoa's 34% stake in the

Canadian Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''C ...

energy company Husky Energy passed to CK Hutchison on completion of the merger.

References

External links

* {{Authority control Predecessors of CK Hutchison Holdings Land developers of Hong Kong Conglomerate companies of Hong Kong Multinational companies headquartered in Hong Kong 1950 establishments in Hong Kong 2015 mergers and acquisitions