NWS Holdings

NWS Holdings Limited (SEHK: 659) is the conglomerate flagship 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.[1] The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung, the chairman of New World Development.[2]

NWS Holdings Company Limited
新創建集團有限公司
TypeListed company
IndustryConglomerate
Founded2002 (2002)
FounderCheng Yu-tung and Henry Cheng
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong
Key people
Chairman: Henry Cheng
ParentNew World Development
Websitewww.nws.com.hk/
NWS Holdings
Traditional Chinese新創建集團有限公司
Simplified Chinese新创建集团有限公司

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

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 and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division included roads, energy, water and ports projects. Its service division comprised facilities management, construction (Hip Hing Construction and NWS Engineering), finance (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.[3][4] 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
  1. Milestones of NWS Holdings
  2. Overview of NWS Holdings
  3. Private equity fund Templewater buys Citybus and New World First Bus in HK$3.2b deal The Standard 21 August 2020
  4. Hong Kong sale saves jobs Buses issue 787 October 2020 page 20
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