NWS Holdings explained

NWS Holdings Limited
新創建集團有限公司
Type:Listed company
Founder:Cheng Yu-tung and Henry Cheng
Location City:Hong Kong
Location Country:Hong Kong
Key People:Chairman

Henry Cheng

Area Served:Hong Kong
Industry:Conglomerate
Parent:Chow Tai Fook Enterprise
Homepage:www.nws.com.hk/

NWS Holdings Limited (HKEX:) 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, insurance, logistics, construction 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.

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.[5] [6] NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS achieves milestone in ESG journey with successful disposal of its interest in coal-fired power plant, Chengdu Jintang Power Plant, marking the complete phase-out of fossil fuel investments from its portfolio and demonstrating its commitment to sustainable practices.[7]

Operating Businesses

Toll Roads

Insurance

Logistics

Construction

Facilities Management

Corporate affairs

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

Notes and References

  1. Web site: CTFE's General Cash Offer for NWS HOLDINGS Secures Valid Acceptances for 74.79% of Latter's Issued Shrs . 2023-12-05 . AASTOCKS.COM.
  2. Web site: NWS Holdings Ltd (0659) Stock Price & News . 2024-01-10 . Google Finance . en.
  3. Web site: 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 . 2024-01-09 . 信報網站 hkej.com . zh-hk.
  4. News: 18 Dec 2023 . Hong Kong billionaire Cheng Family's NWS reshuffles leaders amid succession saga . The Business Times.
  5. https://web.archive.org/web/20200924230843/https://www.thestandard.com.hk/breaking-news/section/4/153644/Private-equity-fund-Templewater-buys-Citybus-and-New-World-First-Bus-in-HK$3.2b-deal Private equity fund Templewater buys Citybus and New World First Bus in HK$3.2b deal
  6. Hong Kong sale saves jobs Buses issue 787 October 2020 page 20
  7. Web site: Standard . The . Towngas, tech firm team up to tackle food waste . 2024-04-17 . The Standard . en.
  8. Web site: FTLife Officially Renamed CTF Life with the Launch of 'CTF Life - CIRCLE' . 2024-07-24 . www.acnnewswire.com.
  9. Web site: 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 . 2023-12-05 . news.rthk.hk . zh-tw.
  10. Web site: 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 . 2023-12-05 . 香港01 . zh-HK.

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