VICTOR LI

Victor Li is Vice-Chair of Cheung Kong Holdings.

Cheung Kong (Holdings) Limited, [Cheung Kong Holdings], is the flagship of the Cheung Kong Group, the leading Hong Kong based multi-national conglomerate. In Hong Kong, members of the Cheung Kong Group include Cheung Kong (Holdings) Limited (Ticker: 0001), Hutchison Whampoa Limited (Ticker: 0013), Cheung Kong Infrastructure Holdings Limited (Ticker: 1038) and Hongkong Electric Holdings Limited (Ticker: 0006), which are constituent stocks of the Hang Seng Index; Hutchison Global Communications Holdings Limited [Ticker:0757], Hutchison Harbour Ring Limited [Ticker: 0715] and TOM Group Limited (Ticker: 2383), which are companies listed on the Main Board of the Hong Kong Stock Exchange; while CK Life Sciences Int'l., (Holdings) Inc. (Ticker: 8222) and TOM Online Inc. [Ticker: 8282] are companies listed on the Growth Enterprise Market. 

The combined market capitalisation of the Cheung Kong Group equates to HK$525 billion as at August 15, 2004; this accounts for approximately 9% of the total market capitalisation of the Hong Kong stock market.

Cheung Kong Holdings is one of the largest developers in Hong Kong for residential, commercial and industrial properties. About one in twelve private residences in Hong Kong was developed by the company. 

Cheung Kong Holdings is the largest shareholder of Hutchison Whampoa Limited holding a 49.9% interest. With origins dating back to the 19th century, Hutchison is a Hong Kong-based conglomerate which operates five core businesses in 42 countries: ports and related services; telecommunications; property and hotels; retail and manufacturing; and energy and infrastructure.

In year 2000, Cheung Kong Holdings began its biotech operations, whose business areas cover two dimensions - health and environmental sustainability. Products developed by this biotech arm, CK Life Sciences Int'l., (Holdings) Inc., (CK LIfe Sciences), are categorised into five areas - eco-agriculture, bioremediation, dermatologicals, nutraceuticals and pharmaceuticals. CK Life Sciences was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange in July 2002.

Cheung Kong Holdings has a portfolio of businesses in the IT and Internet related arena. These ventures include TOM Group Limited and  Priceline.com.


A group of Hong Kong businessmen led by Li Ka-shing's eldest son Victor are to invest more than HK$13 billion in a string of Guangzhou enterprises.

The deals were signed or pledged at a ceremony on Thursday involving business and government leaders from both cities.

Heading the deals was Li Ka-shing's Cheung Kong (Holdings) which confirmed plans valued at more than HK$2 billion to build a packaging and printing centre in Guangzhou, plus additional facilities at a major toy wholesaling hub already under construction. The other Hong Kong companies signing development agreements include Kowloon Dairy, Elec & Eltek International Holdings and home appliance manufacturer Raymond Industrial.

The packaging and printing factory, to be built in Fangcun district in Guangzhou, is worth US$133 million (HK$1 billion). The other supporting project for the Guangzhou International Toy and Gifts City in Huangpu, signed by Cheung Kong and Huangpu district government, involves US$130 million. A third major project involving Cheung Kong in a second printing complex in Baiyun district and said to be worth US$450 million was deferred - because of Beijing's economy cooling measures.

A Guangzhou government source said: ``Beijing's economy tightening policy has set restrictions over applications for non-agricultural use of farmland, so additional approval is needed from the State Council for Cheung Kong.''

Hong Kong-listed Elec & Eltek International Company, a subsidiary of Elec & Eltek International Holdings, plans to invest US$60 million (HK$468 million) to expand its business in Guangzhou.

And Raymond Industrial signed a letter of intent for a US$50 million expansion of its electronic appliance business in the Nansha Development Zone. Kowloon Dairy plans a US$10 million joint venture with Guangzhou Fengxing Dairy and a milk-exporting project worth US$3.77 million.

Financial Secretary Henry Tang said he would announce more details today on the Closer Economic Partnership Arrangement (Cepa) with the mainland. Tang will attend the joint standing committee meeting of Cepa in Beijing today.

On the sidelines of the investment signing ceremony on Thursday, Guangzhou's mayor Zhang Guangning appealed for Hong Kong investment in the multi-billion yuan Asian Games in 2010.

``We will put forward projects including environmental protection, ecological and health and medical systems, as well as tourism, worth 200 billion yuan [HK$188.56 billion].''   - by Olivia Chung    Hong Kong Standard     27 August 2004

>>  more on Asia's richest billionaire, Li Ka-Shing

 


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