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The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in Singapore Exchange. In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. [1]
CK Hutchison Holdings Limited (Chinese: 長江和記實業有限公司) is a Hong Kong–based and Cayman Islands–registered multinational conglomerate corporation. The company was formed in March 2015 through the merger of Cheung Kong Holdings and its main associate company Hutchison Whampoa . [ 2 ]
Hutchison Whampoa originated as two separate companies, both founded in the 19th century. Hong Kong and Whampoa Dock was formed in 1863 by John Couper, as a port management company. Hutchison International, a wholesale trading company and importer of consumer products, was founded in 1877 by John Duflon Hutchison. [1] [2]
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HIT is a member of Hutchison Port Holdings Trust, the world's first container port business trust. HIT is also a part of Hutchison Ports' global network of port and logistics operations, and continues to have access to services and resources enjoyed by companies within the Hutchison Ports Group.
In 2006, Li sold 20% of Hutchison's ports business to Singapore rival PSA Corporation, making a US$3.12 billion profit on a US$4 billion deal. [30] Group subsidiary Hutchison Telecommunications sold a controlling stake of 67% in Hutchison Essar, a joint venture Mobile operator in India, to Vodafone for US$11.1 billion.
In March 2014, Hutchison Whampoa sold an almost 25 per cent stake in AS Watson to Temasek Holdings, for HK$44 billion. The proposed share sale of AS Watson Group has been put in hold, announced towards the end of 2013 with the appointment of three underwriting banks, Bank of America Merrill Lynch, Goldman Sachs and HSBC. This had followed the ...