NWS Holdings Limited
新創建集團有限公司
TypeListed company
IndustryConglomerate
Founded2002 (2002)
FounderCheng Yu-tung and Henry Cheng
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong
Key people
Chairman: Henry Cheng
Websitewww.nws.com.hk/
NWS Holdings
Traditional Chinese新創建集團有限公司
Simplified Chinese新创建集团有限公司

NWS Holdings Limited (SEHK: 659) is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and the Mainland under Chow Tai Fook Enterprise (CTFE).[1] Operating businesses include toll roads, construction, insurance, logistics, and facilities management[2].

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.[3] The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung. Mr. Brian Cheng and Mr. Gilbert Ho are the Co-Chief Executive Officers[4] of the Company.

Business units include:

Construction: Hip Hing Construction

Insurance: FTLife

Logistics : ATL Logistics Centre, Logistics Properties in Mainland China[5][6]

Facilities Management: the management of Hong Kong Convention and Exhibition Centre ; Free Duty, Gleneagles Hong Kong Hospital

Before 2020, the company was involved in infrastructure and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division included roads, energy, water and ports projects. Its service division comprised facilities management, construction (Hip Hing Construction and NWS Engineering), finance (Taifook Securities and New World Insurance) and transportation (Citybus, New World First Bus and New World First Ferry).

NWS has been optimizing its business portfolio since 2018. In August 2020, the Citybus and New World First Bus subsidiaries were sold to Bravo Transport.[7][8] NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS has exited the environmental segment after disposing of its major assets, SUZE NWS in 2021.


Corporate affairs

Its head office is in the 21/F, NCB Innovation Centre, 888 Lai Chi Kok Road, Cheung Sha Wan, Kowloon, Hong Kong.

References

  1. ↑ "CTFE's General Cash Offer for NWS HOLDINGS Secures Valid Acceptances for 74.79% of Latter's Issued Shrs". AASTOCKS.COM. Retrieved 2023-12-05.
  2. ↑ "NWS Holdings Ltd (0659) Stock Price & News". Google Finance. Retrieved 2024-01-10.
  3. ↑ "今日信報 - 財經新聞 - 新創建曾蔭培退火線未言休 効力14年 不負鄭家純六大使命". 信報網站 hkej.com (in Chinese (Hong Kong)). Retrieved 2024-01-09.
  4. ↑ "Hong Kong billionaire Cheng Family's NWS reshuffles leaders amid succession saga". The Business Times. 18 Dec 2023.{{cite news}}: CS1 maint: url-status (link)
  5. ↑ "新創建近23億元人民幣收購嘉民集團內地6個物流物業 - RTHK". news.rthk.hk (in Chinese (Taiwan)). Retrieved 2023-12-05.
  6. ↑ 翟梓謙 (2023-02-22). "新創建收購蘇州工業園物業90%股權 估值5.7億元人幣". 香港01 (in Chinese (Hong Kong)). Retrieved 2023-12-05.
  7. ↑ Private equity fund Templewater buys Citybus and New World First Bus in HK$3.2b deal The Standard 21 August 2020
  8. ↑ Hong Kong sale saves jobs Buses issue 787 October 2020 page 20
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