NWS Holdings
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 | New World Development |
Website | www.nws.com.hk/ |
NWS Holdings | |||
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Traditional Chinese | 新創建集團有限公司 | ||
Simplified Chinese | 新创建集团有限公司 | ||
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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 ), contracting (Hip Hing Construction and ), finance (Taifook Securities and New World Insurance) and transportation (Citybus, New World First Bus 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 Group) 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]
In August 2020, the Citybus and New World First Bus subsidiaries were sold.[5][6]
Corporate affairs[]
Its head office is in the Central, Hong Kong.[7]
inReferences[]
- ^ 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
- ^ Private equity fund Templewater buys Citybus and New World First Bus in HK$3.2b deal The Standard 21 August 2020
- ^ Hong Kong sale saves jobs Buses issue 787 October 2020 page 20
- ^ "Contact Us". NWS Holdings. Retrieved 2020-12-18.
NWS Holdings Limited 28/F New World Tower, 18 Queen's Road Central, Hong Kong.
External links[]
- NWS Holdings
- Companies listed on the Hong Kong Stock Exchange
- Companies established in 2002
- Conglomerate companies of China
- Logistics companies of China
- New World Development subsidiaries
- Property management companies
- 2002 establishments in Hong Kong
- Conglomerate companies of Hong Kong