Hutchison Harbour Ring Limited was a

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incorporated company based in

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. The company was sold to Oceanwide Holdings in December 2014. It was a

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that manufactures and markets

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accessories and electronic products. Its products are mainly sold to the

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and

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. However, it was transformed into a real estate company, which owned various floors of Harbour Ring Plaza and Harbour Ring Huangpu Centre, both in Shanghai, via two subsidiaries. State-owned enterprise Gold Bund Group was the minority shareholder of both subsidiaries, which offered to the public to buy in 2017.

History

Hutchison Harbour Ring Limited, formerly Harbour Ring International Holding Limited, was founded by Dr. Luk Chung Lam () family. It was listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

in 1991. In 2000, Hutchison Whampoa coped with ICG, a

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-traded

electronic commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

company, to acquire Harbour Ring to build electronic commerce businesses in

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during the

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period. In 2001, it was renamed to Hutchison Harbour Ring Limited. In November 2014, Hutchison Whampoa sold a 71.4% majority stake in the company to the Chinese real estate developer Oceanwide Holdings for HK$3.82 billion ($493 million), which activate the mandatory public offer to buy the remain offer from the market. Eventually the company remained as a public company, with new name, new business, new assets as China Oceanwide Holdings Limited.

References

Companies formerly listed on the Hong Kong Stock Exchange Companies established in 2001 Companies disestablished in 2014 Electronics companies of Hong Kong Former CK Hutchison Holdings subsidiaries Toy companies of Hong Kong {{HK-company-stub