Hutchison Whampoa Limited (HWL, 和 記 黃埔 有限公司 or Hutchison Wampoa) is one of the largest corporations on the Fortune 500 list and listed on the Hong Kong Stock Exchange . Assets - $ 113.9 billion (2015) [1] . Based in Hong Kong and owned by the Cheung Kong Group of billionaires Lee Kashin and Canning Fock [2] [3] . In 2015, Hutchison Whampoa and Cheung Kong Group merged into a single group of CK Hutchison Holdings .
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History
In 1877, the Englishman John Hutchison founded the trading company Hutchison International , which in 1963 acquired AS Watson & Co , and in the mid-1960s acquired the shipbuilding company Hong Kong and Whampoa Dock , founded earlier in 1863 [4] [ 5] . In 1979, HSBC sold its stake in Hutchison to Cheung Kong to Hong Kong businessman Lee Kashin. In 1985, Hutchison was transformed into the Hutchison Whampoa holding.
In 2006, Singapore-based PSA International (Port of Singapore Authority) bought a 20% stake in a subsidiary of Hutchison Port Holdings . As of March 2011, more than 220 thousand people worked in Hutchison Whampoa, the market value of the corporation was about $ 50 billion, and sales - almost $ 27 billion.
At the end of 2016, CK Hutchison and the Russian company VimpelCom Ltd. merged their Italian telecommunications assets - 3 Italia and Wind Telecomunicazioni. As a result, the country's largest wireless operator appeared, in which partners own 50% of the joint venture [6] .
Structure
The conglomerate operates in several areas: retail, port, logistics, real estate, hospitality ( Harbor Plaza Hotels and Resorts ), telecommunications, and energy. Hutchison Whampoa interests extend to more than 50 countries of the world.
AS Watson Group
The company is the world's largest retailer of health and beauty products, and also owns a network of pharmacies, grocery supermarkets, cosmetics and perfume stores, consumer electronics, wines and duty-free trade, and is engaged in the production and distribution of drinking water, drinks and juices. In total, about 100 thousand people work in AS Watson Group; it owns or operates about 10 thousand stores in more than 40 countries of the world.
Watson health and beauty stores are located in Hong Kong , Macau , China , Taiwan , Korea , Thailand , Malaysia , Singapore , the Philippines , Indonesia , the United Kingdom , Ireland , France , the Netherlands , Belgium , Luxembourg , Germany , Slovenia , the Czech Republic , Hungary , Poland. , Estonia , Ukraine , Russia and Turkey [7] .
AS Watson Group also owns a chain of grocery supermarkets Park`n`Shop (Hong Kong, Macau and China), Gourmet, Taste and Great (Hong Kong), a chain of stores selling wines and cigars Watson`s Wine Cellar (Hong Kong and Macau), a chain of stores Consumer Electronics Fortress (Hong Kong), Watson`s Water maker (Hong Kong and China), Mr. Juice maker Juicy (Hong Kong). In Russia, the company acquired the Spectrum chain, which operates more than 60 beauty and health stores in St. Petersburg and the Leningrad Region.
Hutchison Port Holdings
The company is the largest port operator in the world and handles 13% of all container traffic. Hutchison Port Holdings is represented in the ports of Hong Kong , Jakarta , Klang , Busan , Gwangyang , Sydney , Brisbane , London , Harwich , Philikstow , Duisburg , Willebrook , Alexandria , Buenos Aires , Freeport . The company also serves container shipping through the Panama Canal [8] .
Hutchison Whampoa Property
The company began its real estate business by erecting a large residential complex Whampoa Garden ( Kowloon City ) on the site of the former shipyards of Hong Kong and Whampoa Dock. Today, the Hutchison Whampoa Property owns residential, office and retail complexes in Hong Kong ( Chyonkhon Center , Victoria Towers ), Shanghai , Beijing and the UK.
Harbor Plaza Hotel Management
A joint venture between Hutchison Whampoa and the Cheung Kong Group , owns the Harbor Plaza hotel chain in Hong Kong, China and the Bahamas .
Hutchison Telecommunications International
A major mobile operator and Internet provider, it has assets in Hong Kong , Macau , Vietnam , Thailand , Indonesia , Sri Lanka , Israel , Italy , Austria , Sweden , Denmark , the UK , Ireland and Australia [9] [10] .
Hutchison Global Communications
Hong Kong's largest ISP.
Metro Broadcast Corporation
Joint venture of Hutchison Whampoa and Cheung Kong Group , a major broadcasting corporation in Hong Kong.
Power Assets Holdings
Joint venture of Hutchison Whampoa and Cheung Kong Group . A large energy corporation with assets in Hong Kong , China , Thailand , Australia and the UK .
Hong Kong Air Cargo Terminals
A joint venture of Hutchison Whampoa with Jardine Pacific , Wharf Holdings and China National Aviation Corporation, the largest cargo terminal at Hong Kong International Airport .
Hong Kong United Dockyard
A joint venture between Hutchison Whampoa and Swire Group , owns shipyards on the island of Zing Yi ( Khuaichin ).
Hutchison Harbor Ring
A major Hong Kong manufacturer of toys, souvenirs, promotional items, telecommunications accessories and electronics.
INQ
British company specializing in the production of mobile phones.
Notes
- ↑ The World's Biggest Public Companies (English) , Forbes . Date of treatment October 23, 2017.
- ↑ Hutchison Whampoa . Forbes Date of treatment April 4, 2014.
- ↑ The Chinese “occupied” Forbes . Publishing house "Economics" (January 22, 2007). Date of treatment November 19, 2012. Archived November 23, 2012.
- ↑ Hutchison-Whampoa: Milestones 1828-1959 Archived June 24, 2007.
- ↑ Hutchison-Whampoa: Milestones 1960-1969 Archived June 30, 2007.
- ↑ VimpelCom will create the largest operator in Italy . A business.
- ↑ Chinese perfumer Hong Kong-based company AS Watson Group acquired 65% of the Ukrainian trading network of DC . Publishing house "Economics" (January 01, 2007). Date of treatment November 19, 2012. Archived November 23, 2012.
- ↑ Hutchison ports unit prices $ 5.4 billion Singapore IPO: sources . Thomson Reuters. Date of treatment November 18, 2012. Archived November 23, 2012.
- ↑ A Chinese company bought the Austrian mobile operator Orange . Publishing house "Economics" (February 03, 2012). Date of treatment November 18, 2012. Archived November 23, 2012.
- ↑ Google intends to save the world from roaming with a partner from Hong Kong . NEWSru.com. Date of treatment April 9, 2015.