MTR Corporation Limited history, profile and corporate video
MTR Corporation Limited is a public transport company headquartered in Hong Kong. It was established in 1975 as the Mass Transit Railway Corporation with the mission to construct and operate an urban metro system to help meet Hong Kong’s public transport needs. The sole shareholder of the company was the Hong Kong Government.
The Company was re-established as the MTR Corporation Limited in June 2000 after the Hong Kong Special Administrative Region Government sold 23% of its issued share capital to private investors in an Initial Public Offering.
On 2 December 2007, the operations of the other Government-owned rail operator, the Kowloon-Canton Railway Corporation (KCRC), were merged into the MTR. The merger brought new growth opportunities to the MTR Corporation’s businesses in and outside of Hong Kong.
The Corporation also operates the Airport Express, a dedicated high-speed link providing the fastest connections to Hong Kong International Airport and the city’s major exhibition and conference center, AsiaWorld-Expo.
The company operates through the following segments: Property and Railway-related business and Mainland of China and International Business
Property and Railway-related business
The Property and Railway-related business segment includes the development of residential and commercial projects, property leasing and management, advertising, telecommunication services and international consultancy services.
Mainland of China and International Business
The MTR additionally invests in railways around the world, including franchised contracts to operate rapid transit systems in London, Sweden (Stockholm Metro and the MTRX Stockholm-Gothenburg rail link), Beijing (China), Hangzhou (China), Macau (China), Shenzhen (China), Sydney (Australia), and a suburban rail system in Melbourne (Australia).
With more than 34 000 employees, MTR Corp. Ltd. is considered a major property developer and landlord in Hong Kong. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and www.mtr.com.hk/en.
**Video published on YouTube by “MTR Nordic“.
