NWS_Holdings
NWS Holdings Limited (SEHK: 659) is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and the Mainland under Chow Tai Fook Enterprise (CTFE).[1] Operating businesses include toll roads, insurance, logistics, construction and facilities management.[2]
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.[3] The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung. Mr. Brian Cheng and Mr. Gilbert Ho are the Co-Chief Executive Officers[4] of the Company.
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.[5][6] NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS achieves milestone in ESG journey with successful disposal of its interest in coal-fired power plant, Chengdu Jintang Power Plant, marking the complete phase-out of fossil fuel investments from its portfolio and demonstrating its commitment to sustainable practices.[7]
