NWS Holdings

NWS Holdings Limited (SEHK: 659) is the conglomerate flagship of New World Development. 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.[1]

NWS Holdings Company 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
ParentNew World Development
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

The company is involved in infrastructure and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division includes roads, energy, water and ports projects. Its service division comprises facilities management (the management of Hong Kong Convention and Exhibition Centre and ATL Logistics Centre), contracting (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 Holdings announced on 11 June 2010 that the Group had entered into an agreement with Fung Seng Enterprises Limited to dispose of certain subsidiary companies (NWS Engineering Group) engaged in service businesses for a total consideration of HK$888.5 million.

In December 2013 Bloomberg reported that NWS Holdings agreed to acquire a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte. The company was valued at HK$2.36 billion (US$304 million), according to Bloomberg.[2]

Other companies owned by NWS Holdings include HK Ticketing.[3]

The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung, the chairman of New World Development.[4]

In August 2020, the Citybus and New World First Bus subsidiaries were sold.[5][6]

Corporate affairs

Its head office is in the New World Tower in Central, Hong Kong.[7]

References
  1. Milestones of NWS Holdings
  2. "Billionaire Cheng's firm to acquire stake in Beijing airport". Venture Capital Post. December 18, 2013.
  3. hkticketing.com
  4. Overview of NWS Holdings
  5. Private equity fund Templewater buys Citybus and New World First Bus in HK$3.2b deal The Standard 21 August 2020
  6. Hong Kong sale saves jobs Buses issue 787 October 2020 page 20
  7. "Contact Us". NWS Holdings. Retrieved 2020-12-18. NWS Holdings Limited 28/F New World Tower, 18 Queen's Road Central, Hong Kong.
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