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Home > Company Index > Real Estate > Real Estate Development > Cheung Kong (Holdings) Limited
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Cheung Kong (Holdings) Limited |
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NEWS FROM THE STANDARD |
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Priceline Gets Vote of Confidence From Hong Kong
Jun 06 2001 10:35 AM PDT
A Fallback Position
Jun 06 2001 09:25 AM PDT
PROFILE |
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Investment holding company Cheung Kong conducts business primarily in real estate development. The company owns developed and undeveloped property in Hong Kong and mainland China that accounts for more than three-quarters of its sales. Cheung Kong controls just under half of Hutchison Whampoa, a Hong Kong firm with operations in ports and container terminals, retail, telecommunications, and oil. Hutchison controls 85% of Cheung Kong Infrastructure and 39% of utility Hongkong Electric. The company also has a stake in TOM.COM Ltd., a Chinese-language Internet site that went public in 2000. The company was founded by chairman Li Ka-shing, who remains its largest shareholder.
COMPETITION |
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Hang Lung Development Company, Limited (HANLY)
Sun Hung Kai Properties Limited (SUHJY)
The Wharf (Holdings) Limited (0004)
DEALS |
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Deal: Priceline.com Gets $50 Million From Asian Firms
Date Announced: 02.15.01
Value of transaction (US $Mil): 50
Description: Just as Priceline.com posts a $25 million loss for the 4th quarter of 2000, 2 Asian companies announce a $50 million investment in Priceline. Hutchison Whampoa Limited and Cheung Kong Holdings purchased 24 million shares of Priceline.com common stock.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 732.70
1-Yr. Sales Growth: 81.2%
Employees: 5,160
Revenue per employee: $141,996.12
KEY PEOPLE |
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Victor T. K. Li
CEO
Edmond T. C. Ip
CFO
CONTACT INFO |
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7-12 F, Cheung Kong Center, 2 Queen's Rd., Central
, Hong Kong
Phone: 852-2128-8888
Fax: 852-2845-2940
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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