NWS Holdings

NWS Holdings Limited
新創建集團有限公司
Company typeListed company
IndustryConglomerate
Founded2002; 22 years ago (2002)
FounderCheng Yu-tung and Henry Cheng
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong
Key people
Chairman: Henry Cheng
ParentChow Tai Fook Enterprise
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
Transcriptions
Standard Mandarin
Hanyu PinyinXīn Chuàngjiàn Jítuán Yǒuxiàngōngsī
Yue: Cantonese
Jyutpingsan1 cong3 gin3 zaap6 tyun4 jau5 haan6 gung1 si1

NWS Holdings Limited (SEHK: 659) 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]

  1. ^ "CTFE's General Cash Offer for NWS HOLDINGS Secures Valid Acceptances for 74.79% of Latter's Issued Shrs". AASTOCKS.COM. Retrieved 2023-12-05.
  2. ^ "NWS Holdings Ltd (0659) Stock Price & News". Google Finance. Retrieved 2024-01-10.
  3. ^ "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". 信報網站 hkej.com (in Chinese (Hong Kong)). Retrieved 2024-01-09.
  4. ^ "Hong Kong billionaire Cheng Family's NWS reshuffles leaders amid succession saga". The Business Times. 18 Dec 2023.
  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. ^ Standard, The. "Towngas, tech firm team up to tackle food waste". The Standard. Retrieved 2024-04-17.