CK Asset Holdings explained

CK Asset Holdings Limited
Type:Public
Industry:Property
Predecessor:Cheung Kong Holdings
Hutchison Whampoa
Location:7/F, Cheung Kong Center, 2 Queen's Road Central, Hong Kong
Key People:Victor Li Tzar-kuoi (Chairman and Managing Director)
Products:real estate development and investment, aircraft leasing
Subsid:Cheung Kong Property Development Limited
Citybase Property Management Limited
Goodwell Property Management Limited
Harbour Plaza Hotel Management Limited
Hutchison Property Group Limited
Accipiter Holdings Designated Activity Company

CK Asset Holdings Limited, formerly Cheung Kong Property Holdings Limited, is a property developer registered in the Cayman Islands, with its headquarters and principal place of business in Hong Kong.

History

The company was established in 2015 when Cheung Kong Holdings spun off its property holdings into a separate company as part of a restructuring.[1] CK Asset Holdings began trading on 3 June 2015.[2] After restructuring, Cheung Kong Holdings and Hutchison Whampoa went private, replacing their major listed companies with CK Hutchison Holdings and CK Asset Holdings.[3]

Immediately after restructuring, CK Asset Holdings became a constituent of the Hang Seng Index (the blue-chip index of the Hong Kong stock exchange).[4]

In 2019, the company announced the takeover of the UK pub company Greene King.[5] [6] [7]

Acquisitions

In May 2023, CK Asset Holdings agreed a £485 million cash takeover offer for Civitas Social Housing.[8]

Chairmen

List of chairmen

  1. Li Ka-shing (1950–2018)
  2. Victor Li (2018–)

List of senior advisors

  1. Li Ka-shing (2018–present)

Notes and References

  1. Web site: 李嘉诚完成世纪重组 旗下地产航母长实地产正式上市. Tencent News. 30 September 2015. Chinese. 4 June 2015.
  2. News: Yun. Michelle. Li Ka-shing's Property Spin Off Debuts at HK$70 in Hong Kong. 25 August 2015. Bloomberg Business. 3 June 2015.
  3. News: https://www.thestandnews.com/finance/%E9%95%B7%E5%92%8C%E7%B3%BB%E9%87%8D%E7%B5%84-%E5%92%8C%E9%BB%83%E9%99%A4%E7%89%8C/. zh:長實和黃合併 分拆地產業務 註冊地遷海外. 9 January 2015. 25 January 2021. Stand News. zh-hk.
  4. News: https://news.now.com/home/finance/player?newsId=126794. zh:長和取代長實入恒指. 13 February 2015. 25 January 2021. Now.com. zh-hk. Hong Kong.
  5. News: Greene King pub giant snapped up by Hong Kong firm CKA. BBC News. 19 August 2019. 21 January 2023.
  6. News: Greene King to be sold to Hong Kong's richest family for £2.7bn. The Guardian. 19 August 2019. Davies. Rob.
  7. Web site: Greene King to be sold to Hong Kong property giant. 19 August 2019.
  8. Web site: Bennett-Ness2023-05-10T13:40:00 . Jamie . Civitas Social Housing agrees £485m takeover deal with CK Asset Holdings . 2023-06-27 . Property Week . en.