NWS Holdings Limited () is the conglomerate

flagship A flagship is a vessel used by the commanding officer of a group of naval ships, characteristically a flag officer entitled by custom to fly a distinguishing flag. Used more loosely, it is the lead ship in a fleet of vessels, typically the fi ...

New World Development New World Development Company Limited (NWD), is a Hong Kong-based company focused on property developer in Hong Kong, property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The ...

. 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 In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

from New World Infrastructure Limited. The company is headed by

Henry Cheng Henry Cheng Kar-shun, GBM, GBS ( Chinese: 鄭家純; born 11 December 1946) is a Hong Kong billionaire property developer. Cheng is the elder son of Cheng Yu-tung who founded Hong Kong-listed New World Development of which Henry succeeded hi ...

, the elder son of Dr

Cheng Yu-tung Cheng Yu-tung GBM (; 8 August 1925 – 29 September 2016) was a Hong Kong billionaire with extensive property investment, development and service businesses, hotels, infrastructure, jewellery retailing and transportation interests in Hong Kong, ...

, the chairman of New World Development. The company invests and operates a wide range of businesses predominantly in Hong Kong and the Mainland. Business includes toll roads, construction and insurance, while they also manage a strategic portfolio spanning sectors from logistics to facilities management. Business units include: Construction:

Hip Hing Construction Hip Hing Construction Group Ltd. () is a general contractor based in Hong Kong SAR, engaging in various types of construction and civil engineering projects serving the Hong Kong SAR Government and various other domestic and foreign entities i ...

Insurance: FTLife Logistics : ATL Logistics Centre Facilities Management: the management of

Hong Kong Convention and Exhibition Centre The Hong Kong Convention and Exhibition Centre (HKCEC) is one of the two major convention and exhibition venues in Hong Kong, along with AsiaWorld–Expo. It is located in Wan Chai North, Hong Kong Island. Built along the Victoria Harbou ...

; Free Duty,

Gleneagles Hong Kong Hospital Gleneagles Hospital Hong Kong (formerly Gleneagles Hong Kong Hospital) is a multi-specialty private hospital in Wong Chuk Hang, Hong Kong. The 500-bed hospital is a joint venture between Singapore-based Parkway Pantai and Hong Kong-listed NWS H ...

Before 2020, the company was involved in

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

and

service Service may refer to: Activities * Administrative service, a required part of the workload of university faculty * Civil service, the body of employees of a government * Community service, volunteer service for the benefit of a community or a pu ...

businesses in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

and

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

. Its infrastructure division included

roads A road is a linear way for the conveyance of traffic that mostly has an improved surface for use by vehicles (motorized and non-motorized) and pedestrians. Unlike streets, the main function of roads is transportation. There are many types of ...

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

water Water (chemical formula ) is an inorganic, transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms (in which it acts as a ...

and

ports A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Ham ...

projects. Its

division comprised

facilities management Facility management or facilities management (FM) is a professional management discipline focused on the efficient and effective delivery of logistics and other support services related to real property and buildings. It encompasses multiple disc ...

, construction (

and NWS Engineering),

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

(Taifook Securities and New World Insurance) and

transportation Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, ...

( Citybus,

New World First Bus New World First Bus Services Limited (NWFB) is the third-largest bus operator in Hong Kong. Established by NWS Holdings and FirstGroup in September 1998, it took over 88 China Motor Bus services in Hong Kong Island. Since 2020 it has been a s ...

and

New World First Ferry Sun Ferry Services Company Limited, formerly New World First Ferry Services (in short New World First Ferry, First Ferry or NWFF), is a ferry service company in Hong Kong. The company was established in November 1999, when it took over the eig ...

). 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 Bravo Transport Services Limited (), simply Bravo Transport is a Hong Kong public transport company, which owns two of the city's bus operators Citybus (Hong Kong), Citybus and New World First Bus. Another subsidiary, Bravo Media, is the agency f ...

.Hong Kong sale saves jobs ''

Buses A bus (contracted from omnibus, with variants multibus, motorbus, autobus, etc.) is a road vehicle that carries significantly more passengers than an average car or van. It is most commonly used in public transport, but is also in use for cha ...

'' issue 787 October 2020 page 20 NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS has exited the environmental segment after disposing of its major assets, SUZE NWS in 2021.

Corporate affairs

Its head office is in the 21/F, NCB Innovation Centre, 888 Lai Chi Kok Road, Cheung Sha Wan, Kowloon, Hong Kong.

References

External links

* {{Authority control Companies listed on the Hong Kong Stock Exchange Companies established in 2002 Conglomerate companies of China Logistics companies of China New World Development subsidiaries Property management companies 2002 establishments in Hong Kong Conglomerate companies of Hong Kong