NWS Holdings Limited () is the

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

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 ...

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. The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung, 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 Insurance:

FTLife FTLife Insurance Company Limited (FTLife) is one of Hong Kong's life insurance companies and a wholly owned subsidiary of NWS Holdings Limited. History In 1994, NZI Life (Bermuda) Limited was acquired and renamed Top Glory Insurance Company (Ber ...

Logistics : ATL Logistics Centre Facilities Management: the management of Hong Kong Convention and Exhibition Centre ; Free Duty, Gleneagles Hong Kong Hospital 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, Mainland China and Macau. Its infrastructure division included roads, energy, water and ports 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 ( Hip Hing Construction and

NWS Engineering NWS may refer to: *National Weather Service, a U.S. government agency charged with issuing weather forecasts, advisories, watches, and warnings on a daily basis *National Woolsorters' Society, a former British trade union *News Corporation's NASDAQ ...

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 ( 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.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