Hutchison Whampoa Ltd. history, profile and corporate video
Hutchison Whampoa Ltd. operates as an investment holding company, which through its subsidiaries engages in ports and related services, property and hotels, retail, infrastructure, energy and telecommunications. The company operates its business through seven divisions: Ports & Related Services, Property & Hotels, Retail, Energy, Infrastructure, Telecommunications and Finance & Investments. The Ports and Related Services division deals with the investment, development and operation of ports. It also engage in mid-stream operations, river trade, cruise terminal operations and ports related logistics services. The Property & Hotels division invests in and develops office, commercial, industrial and luxury residential properties. The Retail division operates retail stores, which comprises health and beauty products, luxury perfumeries and cosmetics, supermarkets, consumer electronics and electrical appliances, and airport retailing and also manufactures and distributes bottled water and beverage products. The Energy division invests in energy sector. The Infrastructure division engages in the diversified investments in energy, transportation, water and other infrastructure related businesses. The Finance & Investments division invests in securities and consultancy services. The Telecommunications division engages in the mobile telecommunications and data services, which including 4G long term evolution and 3G multi-media mobile, second-generation mobile, fixed-line and Internet and broadband services. The company was founded in July 1977 and is headquartered in Hong Kong.“
“Hutchison Whampoa History
Originally Hutchison Whampoa was two separate companies, both founded in the 19th century. Hong Kong and Whampoa Dock was established in 1863, by British merchant John Duflon Hutchison, and Hutchison International was formed in 1877.
In the 1960s, Hutchison International – under Colonel Sir Douglas Clague (1917–1981) – gained a controlling interest of Hong Kong and Whampoa Dock, and in 1977 Hutchison acquired all of Hong Kong and Whampoa Dock, creating Hutchison Whampoa Limited.
Although Hutchison Whampoa had a large portfolio of valuable real estate interests, in docks and retail ventures, the company eventually ran into trouble. It was rescued by The Hongkong and Shanghai Banking Corporation, with HSBC taking a 22% stake in the company and ensuring that Clague was replaced.
On 25 September 1979, at the close of trade in London, HSBC announced that it was selling its stake in Hutchison Whampoa to Cheung Kong for HK$639 million.
In March 2011, Hutchison Port Holdings Trust (HPHT) announced that the company would IPO through Singapore Exchange for about US$5.4 billion. This would be the largest offering in South East Asia and surpass Petronas Chemicals offering of about $4.1 billion.”
On 3 June 2015, the company merged with the Cheung Kong Group as part of a major reorganization of the group’s businesses. The combined business was renamed CK Hutchison Holdings Limited.
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “greatsouthernark“