DOCSLIB.ORG

ENHANCING EVERYDAY LIVING Annual Report 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ENHANCING EVERYDAY LIVING Annual Report 2020 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 0775) Agriculture-related ENHANCING EVERYDAY LIVING Annual Report 2020 Nutraceutical Pharmaceutical ABOUT CK LIFE SCIENCES CK Life Sciences Int’l., (Holdings) Inc. is listed on The Stock Exchange of Hong Kong Limited. Bearing the mission of improving the quality of life, CK Life Sciences is engaged in the business of research and development, manufacturing, commercialisation, marketing, sale of, and investment in products and assets which fall into three core categories – nutraceuticals, pharmaceuticals and agriculture-related. CK Life Sciences is a member of the CK Hutchison Group. Contents 2 Chairman’s Statement 6 Business Review Agriculture-related Business Nutraceutical Business Pharmaceutical Research 24 Long Term Development Strategy 25 Financial Summary 26 Financial Review 28 Directors and Key Personnel 36 Report of the Directors 48 Independent Auditor’s Report 54 Consolidated Income Statement 55 Consolidated Statement of Comprehensive Income 56 Consolidated Statement of Financial Position 58 Consolidated Statement of Changes in Equity 59 Consolidated Statement of Cash Flows 61 Notes to the Consolidated Financial Statements 121 Principal Subsidiaries 125 Principal Joint Venture 126 Schedule of Major Investment Properties 127 Corporate Governance Report 163 Risk Factors 170 Corporate Information and Key Dates Chairman's Statement 2 CK Life Sciences Int'l., (Holdings) Inc. For the year ended 31 December 2020, CK Life took the opportunity to restructure the organisation Sciences Int’l., (Holdings) Inc. (“CK Life Sciences” or the and implement improvements which could facilitate “Company”) reported profit attributable to shareholders post-pandemic growth, including the commissioning of a of HK$125 million, a decrease of about 31% as compared new production facility, installation of new machines and to that of 2019 mainly due to the impact caused by implementation of software to streamline and promote COVID-19. While the pandemic affected all facets of customer relationship management. our business, some of our diverse portfolio of assets withstood the impact better than others. Nevertheless, all SNAG is one of the largest and longest established subsidiaries took timely action to streamline operations, natural health companies in Québec, Canada. adapt to new operating conditions and improve Unfortunately, the province recorded a higher number of efficiency. As a result, our fundamentals remain strong. confirmed COVID-19 cases than the rest of Canada and implemented lockdown measures, including curfews, The Board of Directors has recommended a final dividend which reduced access to retail stores. Although our of HK$0.01 per share for the year ended 31 December 2020 retail pharmacy customers remained open, reduced foot (2019: HK$0.01 per share). The proposed dividend will traffic through the stores impacted sales. Nevertheless, be paid on Monday, 31 May 2021 following approval at our ability to maintain the supply of immunity-related the 2021 Annual General Meeting to those shareholders products strengthened our position with customers. We whose names appear on the Register of Members expedited online sales development and devised plans for of the Company at the close of business on Thursday, market penetration into other parts of Canada and other 20 May 2021. regions of North America. We also continued the launch of new products, an important source of future growth. Nutraceutical Business Lipa is one of the largest contract manufacturers of CK Life Sciences’ nutraceutical business comprises complementary healthcare medicines, vitamins and (i) Vitaquest International Holdings LLC (“Vitaquest”) in nutritional supplements in Australia. Limited availability the United States; (ii) Santé Naturelle A.G. Ltée (“SNAG”) of international freight, higher shipping charges and in Canada; as well as (iii) Lipa Pharmaceuticals Limited congestion at ports in New South Wales exacerbated (“Lipa”) in Australia. disruptions to the supply of raw materials and drove up their cost. Shrinkage in sales of retailers, and therefore In 2020, COVID-19 infections in the countries where high trade stock, translated into slower manufacturing our nutraceutical business is concentrated were high, orders for Lipa during the year, at one point necessitating and lockdown measures of various levels of severity a four-day week operation to control costs in the face were in place throughout the year. Since our operations of lower volume. Despite COVID-19 pressure, Lipa is are involved in the physical manufacturing and delivery successful in securing new supply relationships with of products, working from home was not practical. brands leveraging the demand for high quality Australian Although our line of business was considered “essential” made products across Asia and the Middle East. and allowed to continue operating, the infections and In addition, investments were made for new equipment associated lockdown measures not only reduced and which will deliver efficiencies, and management disrupted the availability of labour and timeliness of implemented cost saving and capacity optimisation attendance, but also upended the secure supply and measures. Lipa won the “2020 High Quality Manufacturer pricing of raw materials globally. Profit generated from of the Year” award presented by the Complementary this segment decreased 56% as compared with 2019. Medicines Australia. Vitaquest is an industry-leading development and commercialisation partner for the nutraceutical and Agriculture-related Business functional food markets. COVID-19 infections in the The agriculture-related business consists of three main state of New Jersey, United States, where Vitaquest streams – (i) Australian Agribusiness (Holdings) Pty Ltd has its main facilities, were higher than in many other (“Australian Agribusiness”); (ii) Cheetham Salt Group states. A proportion of Vitaquest’s staff contracted (“Cheetham”); and (iii) a vineyard portfolio. COVID-19, but effective human resources strategies prevented an outbreak on the premises and helped Although the same disruptions affecting the avoid a shutdown. With the state imposing a “Stay nutraceutical business also challenged the Company’s at Home” order between mid-March and early June, agriculture-related business, the impact was mitigated many members of staff were unable to report for duty, by more favourable climatic conditions after three significantly curtailing output at one point. A focus on years of drought, and performance improvement of the margin and cost control enabled us to achieve reasonable vineyard portfolio. Profit generated from this segment financial performance under the circumstances. We also increased 21% versus 2019. Annual Report 2020 3 Chairman's Statement (Cont'd) Australian Agribusiness comprises businesses in the Cancer Vaccines R&D manufacturing, wholesale and retail of agriculture-related products. Although COVID-19 disrupted global supply The Company is engaged in the research and development chains across the industry, overall volume of plant of cancer vaccines which stimulate the immune system protection products rose on the back of improved climatic to fight cancer. The US subsidiary, Polynoma LLC conditions bringing relief from the prolonged and severe (“Polynoma”), is developing seviprotimut-L, a proprietary droughts of the previous three years. In addition, it polyvalent therapeutic cancer vaccine for the treatment focused on expanding, streamlining and consolidating of melanoma. Although COVID-19 had a limited impact capability across its four manufacturing plants strategically on our cancer vaccine research and development activities located in key growing areas and on improvements to in 2020, the worldwide scramble for manufacturing meet the high standards of multinational customers. The capacity for COVID-19 vaccines has made it difficult to Home Garden business grew sales as consumers invested accelerate production of clinical trial material. in home improvements during lockdown restrictions, In 2020, the Company reached two significant milestones but COVID-19 severely disrupted the Professional Turf in its melanoma vaccine research: and Pest Management businesses. Nevertheless, we maintained leadership positions in many of the markets (i) Data Presentation at ASCO Conference in which we operate. In May 2020, we presented data from the MAVIS Performance of the Company’s vineyard portfolio (Melanoma Antigen Vaccine Immunotherapy Study) strengthened during the period under review. The fact clinical trial of seviprotimut-L at the American that all the properties are rented on long-term leases to Society of Clinical Oncology (ASCO)’s ASCO20 leading wine companies or growers protected the steady Virtual Scientific Program. Subgroup analysis income stream against the disruptions of COVID-19. suggested enhanced recurrence-free survival (RFS) During the year, the Company acquired two more for seviprotimut-L among patients with resected vineyards in South Australia, bringing the total size of our Stage IIB/IIC melanoma, especially those under the vineyard and agricultural portfolio in Australia and New age of 60. Seviprotimut-L was well-tolerated with Zealand to almost 8,000 hectares. We also upgraded treatment-emergent adverse events (AEs) similar to irrigation works in select properties. Contribution from patients given placebo. vineyards acquired in 2019 and early 2020 and annual rent increases enabled the portfolio to report satisfactory
Load more

Recommended publications
  • Annual Report 2006 Annual Report2006
    (incorporated in the Cayman Islands with limited liability) (Stock Code: 8222) Better Health Better Life Annual Report 2006 Annual Report2006 2 Dai Fu Street, Tai Po Industrial Estate, Hong Kong Tel: (852) 2126 1212 Fax: (852) 2126 1211 www.ck-lifesciences.com Characteristics of the Growth Enterprise Market (”GEM”) of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached. In particular, companies may list on GEM with neither a track record of profi tability nor any obligation to forecast future profi tability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the business sectors or countries in which the companies operate. Prospective investors should be aware of the potential risks of investing in such companies and should make the This annual report (“Annual Report”) is available in both decision to invest only after due and careful consideration. English and Chinese. Shareholders who have received either The greater risk profi le and other characteristics of GEM the English or the Chinese version of the Annual Report mean that it is a market more suited to professional and other may request a copy in the language different from that has sophisticated investors. been received by writing to: Computershare Hong Kong Investor Services Limited, 46th Floor, Hopewell Centre, 183 Given the emerging nature of companies listed on GEM, there Queen’s Road East, Hong Kong. is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main The Annual Report (in both English and Chinese versions) Board and no assurance is given that there will be a liquid has been posted on the Company’s website at market in the securities traded on GEM.
    [Show full text]
  • Enhancing Everyday Living
    (Incorporated in the Cayman Islands with limited liability) (Stock Code: 0775) Annual Report 2017 Enhancing Everyday Living PHARMACEUTICAL 2 Dai Fu Street, Tai Po Industrial Estate, Hong Kong Tel: (852) 2126 1212 Fax: (852) 2126 1211 NUTRACEUTICAL www.ck-lifesciences.com Annual Report 2017 AGRICULTURE–RELATED About CK Life Sciences CK Life Sciences Int’l., (Holdings) Inc. is listed on The Stock Exchange of Hong Kong Limited. Bearing the mission of improving the quality of life, CK Life Sciences is engaged in the business of research and development, manufacturing, commercialisation, marketing, sale of, and investment in, products and assets which fall into three core categories – nutraceuticals, pharmaceuticals and agriculture-related. CK Life Sciences is a member of the CK Hutchison Group. Contents 2 Chairman’s Statement 6 Business Review Agriculture-related Business Nutraceutical Business Pharmaceutical Business 24 Long Term Development Strategy 25 Financial Summary 26 Financial Review 28 Directors and Key Personnel 35 Report of the Directors 46 Independent Auditor’s Report 52 Consolidated Income Statement 53 Consolidated Statement of Comprehensive Income 54 Consolidated Statement of Financial Position 56 Consolidated Statement of Changes in Equity 57 Consolidated Statement of Cash Flows 59 Notes to the Consolidated Financial Statements 124 Principal Subsidiaries 129 Principal Joint Ventures 130 Schedule of Major Investment Properties 131 Corporate Governance Report 163 Environmental, Social and Governance Report 173 Risk Factors 178 Corporate Information and Key Dates Chairman’s Statement 2 CK Life Sciences Int’l., (Holdings) Inc. For the year ended 31 December 2017, CK Life Sciences Int’l., (Holdings) Inc. (“CK Life Sciences” or the “Company”) reported profit attributable to shareholders of HK$258 million, an increase of 2% as compared to the Company’s restated profit1 in 2016.
    [Show full text]
  • Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020
    Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020 Nominal value of Place of incorporation / issued ordinary Percentage of Subsidiary and associated companies and principal place of share capital **/ equity attributable joint ventures operations registered capital to the Group Principal activities Ports and related services Alexandria International Container Terminals Egypt USD 30,000,000 59 Container terminal operating Company S.A.E. Amsterdam Container Terminals B.V. Netherlands EUR 18,400 80 Container terminal operating Brisbane Container Terminals Pty Limited Australia AUD 34,100,000 80 Container terminal operating Buenos Aires Container Terminal Services S.A. Argentina ARS 648,385,014 80 Container terminal operating ECT Delta Terminal B.V. Netherlands EUR 18,000 71 Container terminal operating Ensenada Cruiseport Village, S.A. de C.V. Mexico MXP 145,695,000 80 Cruise terminal operating Ensenada International Terminal, S.A. de C.V. Mexico MXP 160,195,000 80 Container terminal operating Europe Container Terminals B.V. Netherlands EUR 45,000,000 75 Holding company Euromax Terminal Rotterdam B.V. Netherlands EUR 100,000 49 Container terminal operating Freeport Container Port Limited Bahamas BSD 2,000 41 Container terminal operating Gdynia Container Terminal S.A. Poland PLN 11,379,300 80 Container terminal operating and rental of port real estate Harwich International Port Limited United Kingdom GBP 16,812,002 80 Container terminal operating ✡ Hongkong United Dockyards Limited Hong Kong HKD 76,000,000 50 Ship repairing, general engineering and tug operations ✡ 惠州港業股份有限公司 China RMB 300,000,000 27 Container terminal operating ✡ Huizhou Quanwan Port Development Co., Ltd.
    [Show full text]
  • Solid Foundation Fosters Long-Term Development
    20 1 7 Annual Report Solid Foundation Fosters Long-term Development 22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong Telephone: +852 2128 1188 2017 Annual Report Facsimile: +852 2128 1705 www.ckh.com.hk WorldReginfo - 7a0610cc-4251-4d12-8195-61d40b71508e Corporate Information CK Hutchison Holdings Limited BOARD OF DIRECTORS EXECUTIVE DIRECTORS NON-EXECUTIVE DIRECTORS Chairman CHOW Kun Chee, Roland, LLM LI Ka-shing, GBM, KBE, LLD (Hon), DSSc (Hon) CHOW WOO Mo Fong, Susan, BSc Commandeur de la Légion d’Honneur Grand Officer of the Order Vasco Nunez de Balboa LEE Yeh Kwong, Charles, GBM, GBS, OBE, JP Commandeur de l’Ordre de Léopold LEUNG Siu Hon, BA (Law) (Hons), LL.D. (Hon) Group Co-Managing Director and George Colin MAGNUS, OBE, BBS, MA Deputy Chairman LI Tzar Kuoi, Victor, BSc, MSc, LLD (Hon) INDEPENDENT NON-EXECUTIVE DIRECTORS Group Co-Managing Director KWOK Tun-li, Stanley, BSc (Arch), AA Dipl, LLD (Hon), ARIBA, MRAIC FOK Kin Ning, Canning, BA, DFM, FCA (ANZ) CHENG Hoi Chuen, Vincent, GBS, OBE, JP Frank John SIXT, MA, LLL The Hon Sir Michael David KADOORIE, GBS, LLD (Hon), DSc (Hon) Group Finance Director and Deputy Managing Director Commandeur de la Légion d’Honneur Commandeur de l’Ordre des Arts et des Lettres IP Tak Chuen, Edmond, BA, MSc Commandeur de l’Ordre de la Couronne Deputy Managing Director Commandeur de l’Ordre de Leopold II (William Elkin MOCATTA, FCA as his alternate) KAM Hing Lam, BSc, MBA Deputy Managing Director LEE Wai Mun, Rose, JP, BBA LAI Kai Ming, Dominic, BSc, MBA William SHURNIAK, S.O.M., M.S.M., LLD
    [Show full text]
  • Board and Key Personnel
    BOARD AND KEY PERSONNEL Executive Committee Front (from left to right) Andrew Hunter, H L Kam, Victor Li, Edmond Ip Back (from left to right) Joanna Chen, Pak Lam Lun, Lambert Leung, Dominic Chan, Ivan Chan, Victor Luk, Wendy Tong Barnes DIRECTORS’ BIOGRAPHICAL INFORMATION LI Tzar Kuoi, Victor aged 47, has been the Chairman of the Company since its incorporation in May 1996. He has been a member of the Remuneration Committee of the Company since March 2005 and acted as the Chairman of the Remuneration Committee of the Company from March 2005 to December 2011. He is also the Managing Director and Deputy Chairman of Cheung Kong (Holdings) Limited, Deputy Chairman of Hutchison Whampoa Limited, the Chairman of CK Life Sciences Int’l., (Holdings) Inc., an Executive Director of Power Assets Holdings Limited, Co-Chairman of Husky Energy Inc. and a Director of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”). Except for HSBC, all the companies mentioned above are listed companies. Mr. Victor Li serves as a member of the Standing Committee of the 11th National Committee of the Chinese People’s Political Consultative Conference of the People’s Republic of China. He is also a member of the Commission on Strategic Development and the Council for Sustainable Development of the Hong Kong Special Administrative Region (“HKSAR”), and Vice Chairman of the Hong Kong General Chamber of Commerce. Mr. Victor Li is also the Honorary Consul of Barbados in Hong Kong. He is a director of certain substantial shareholders of the Company within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”), and a director of certain companies controlled by certain substantial shareholders of the Company.
    [Show full text]
  • E 8222Pro-20020704.Pdf
    IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. A1 * PLACING AND PUBLIC OFFER Number of Offer Shares : 1,307,000,000 Shares (subject to under the Share Offer Over-allotment Option adjustment) Number of Placing Shares : 1,176,300,000 (subject to Over-allotment A15(1)(3) Option adjustment) (a) Number of Public Offer Shares : 130,700,000 (subject to reallocation) Offer Price : not more than HK$2.00 per Share A15(3)(c) payable in full on application Nominal Value : HK$0.10 each Sch3.I.9 Stock Code : 8222 A15(3)(c) LISTING ON THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED Global Co-ordinator, Sponsor and Lead Manager Co-Lead Managers BNP Paribas Peregrine BOCI Asia Limited CLSA / CIBC World Markets ICEA Capital Limited The Hongkong and Shanghai Banking Corporation Limited Co-Managers CEF Capital Limited China Everbright Capital Limited Core Pacific-Yamaichi International (H.K.) Limited FB Gemini Securities Ltd ING Bank N.V. SG Securities (HK) Ltd. South Capital Brokerage Limited Sun Hung Kai International Limited Worldsec International Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this 14.04 prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever S.342C(2)(a) arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, having attached thereto the documents specified in the paragraph headed “Documents delivered to the Registrar of S.342C(1) Companies” in Appendix V, has been registered with the Registrar of Companies in Hong Kong as required by section 342C of the Companies S.342C(2)(b) Ordinance (Chapter 32 of the Laws of Hong Kong).
    [Show full text]
  • Daohengsecurities Ltd
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in CK Life Sciences Int’l., (Holdings) Inc., you should at once hand this circular and the accompanying proxy form to the purchaser or the transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8222) PROPOSED ELECTION OF DIRECTORS AT THE ANNUAL GENERAL MEETING, PROPOSED GENERAL MANDATES TO ISSUE NEW SHARES AND REPURCHASE SHARES AND CONTINUING CONNECTED TRANSACTIONS – RENEWAL OF THE EXISTING CKH SUPPLY AGREEMENT AND THE EXISTING HIL SUPPLY AGREEMENT Independent financial adviser to the Independent Board Committee and the Independent Shareholders in relation to the Continuing Connected Transactions DaoHengSecurities Ltd. A proxy form for use at the Annual General Meeting of the Company to be held at the Ballroom, 1st Floor, Harbour Plaza Hong Kong, 20 Tak Fung Street, Hung Hom, Kowloon, Hong Kong on 12 May 2005 is enclosed with this circular.
    [Show full text]
  • Enhancing Everyday Life Annual Report 2012
    (Incorporated in the Cayman Islands with limited liability) (Stock Code: 0775) Enhancing Everyday Life Annual Report 2012 2 Dai Fu Street, Tai Po Industrial Estate, Hong Kong Tel: (852) 2126 1212 Fax: (852) 2126 1211 www.ck-lifesciences.com Annual Report 2012 About CK Life Sciences CK Life Sciences Int’l., (Holdings) Inc. is listed on The Stock Exchange of Hong Kong Limited. Bearing the mission of improving the quality of life, CK Life Sciences is engaged in the business of research and development, commercialisation, marketing and sale of health and agriculture-related products. Products developed by CK Life Sciences are categorised into the areas of human health and environmental sustainability. A number of inventions have been granted patents by the US Patent and Trademark Office. CK Life Sciences is a member of the Cheung Kong Group. Contents 2 Chairman’s Statement 6 Business Review Agriculture-related Business Nutraceutical Business Pharmaceutical Business 20 Long Term Development Strategy 21 Financial Summary 22 Financial Review 24 Directors and Key Personnel 31 Report of the Directors 44 Independent Auditor’s Report 46 Consolidated Income Statement 47 Consolidated Statement of Comprehensive Income 48 Consolidated Statement of Financial Position 50 Consolidated Statement of Changes in Equity 51 Consolidated Statement of Cash Flows 53 Notes to the Consolidated Financial Statements 114 Principal Subsidiaries 119 Principal Associate 120 Schedule of Investment Properties 121 Corporate Governance Report 155 Risk Factors 159 Corporate Information and Key Dates Chairman’s Statement 2 CK Life Sciences Int’l., (Holdings) Inc. HK$ Million 2012 2011 Variance Turnover 4,545.0 3,511.6 +29% Agriculture-related 1,645.4 1,214.0 +36% Health 2,888.6 2,287.5 +26% Investment 11.0 10.1 +9% Profit attributable to shareholders 176.3 125.8 +40% For the year ended 31 December 2012, GROWTH IN AGRICULTURE-RELATED CK Life Sciences Int’l., (Holdings) Inc.
    [Show full text]
  • CK Life Sciences Int'l., (Holdings) Inc
    CK Life Sciences Int’l., (Holdings) Inc. Annual Report 2002 Restoring Freshness to Nature Bringing Quality to Life 2 Dai Fu Street • Tai Po Industrial Estate • Hong Kong Tel (852) 2126 1212 Fax (852) 2126 1211 Website www.ck-lifesciences.com Annual Report 2002 Characteristics of the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the business sectors or countries in which the companies operate. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM. The principal means of information dissemination on GEM is publication on the internet website operated by the Stock Exchange. Listed companies are not generally required to issue paid announcements in gazetted newspapers.
    [Show full text]
  • CK Hutchison Holdings Limited (CKHH) Facts and Figures
    CK Hutchison Holdings Limited (CKHH) Facts and Figures. The company. CK Hutchison Holdings Limited (CKHH) is not only one of the largest companies that are listed at the Hong Kong stock exchange, it is also one of the oldest trade companies in Hong Kong – its roots go back to the year 1820. The various business sectors and around 290,000 employees in over 50 countries make the conglomerate one of the world´s leading companies. Business sectors. HWL operates in 5 core businesses: Ports and related services. Hutchison Port Holdings runs all the company‘s ports and related services in 25 countries. Currently, HPH holds a share of 269 berths in 48 ports. Retail. AS Watson is the largest international health and beauty retailer in Asia and Europe and runs more than 13,300 retail stores in 22 countries worldwide, counting more than 130,000 employees. In Hong Kong and on the Chinese mainland, AS Watson is responsible for the production, distribution and bottling of different mineral waters and other drinks. In Europe, the Group operates a number of health & beauty retail brands, chains - Drogas, including Kruidvat, Superdrug, Rossmann, Savers, Trekpleister, Spektr and Watsons. In addition, it also owns two luxury perfumeries and cosmetics retail brands ICI PARIS XL and The Perfume Shop. Infrastructure. The company operates in Hong Kong, the Chinese mainland, Great Britain, the Netherlands, Portugal, Australia, New Zealand and Canada. Its core fields are energy infrastructure, water infrastructure, transportation infrastructure, waste management and aircraft leasing. Energy. HWL holds about 40,2 % of Canadian Husky Energy, an energy-related company listed on the Toronto Stock Exchange.
    [Show full text]
  • TASTY! CK HUTCHISON TICKLES YOUR TASTE BUDS a S Watson at 175 22 the Zen-Ity of Tsz Shan Monastery 14 Download Sphere Online the Future Is Now 20
    #41 2016 CK HUTCHISON GROUP TASTY! CK HUTCHISON TICKLES YOUR TASTE BUDS A S Watson at 175 22 The Zen-ity of Tsz Shan Monastery 14 Download Sphere online The future is now 20 #41 2016 CK HUTCHISON GROUP TASTY! CK HUTCHISON TICKLES YOUR TASTE BUDS A S Watson at 175 22 The Zen-ity of Tsz Shan Monastery 14 Download Sphere online The future is now 20 Sphere Magazine #41 WELCOME December 2016 Cover Illustration By Kaliz Lee GOODNESS PERSISTS Taste is a surprisingly complex business. From simple juices to complex wines and healthy foods, IN A CHANGING WORLD our artist captures the moment of truth for many Offtimes, the world can seem a turbulent, easy for people to make wise choices of our businesses --- what happens when the taste topsy-turvy place. Old ways and old in an often confusing world. hits your tongue! institutions are questioned as their relevance seems to wane in the face of new challenges. Religious traditions can also provide guidance, continuity and serenity in a But some organisations adapt, grow and changing world. The Tsz Shan Monastery advance. The CK Hutchison Group is such not only provides modern architecture an organisation, and new technologies, in temples with ancient themes, but also new jobs and new opportunities emerge conducts contemporary outreach to work every day to the benefit of our employees, directly with people in Hong Kong’s urban customers, partners and communities. rough patches, to heal lives and souls. Within the Group, A S Watson is an While avoiding hubris, we can recognise exemplar of benevolent continuity as that this force for good arises from well- it reaches the milestone of 175 years in meaning and hard-working people with business.
    [Show full text]
  • Cowries to Computers Life in the Fro-Zone 14 Salty, So Sweet 20 LKSF Catalyst for Chinese-Israeli Connection 22 Present
    #44 2018 Download Sphere online 1200 BC 300 AD 627 1736 1860s 1950s MONEY: COWRIES TO COMPUTERS Life in the Fro-Zone 14 Salty, So Sweet 20 LKSF Catalyst for Chinese-Israeli Connection 22 PRESENT The ancient becomes new again. Sphere Magazine #44 March 2018 WELCOME Cover Illustration Jessica Li Whatever you call it THE BEST OLD or however you carry it, money has always been crucial to the most modern and most IS NEW primitive civilisations. The cover illustration captures its many manifestations. The newest, best things are sometimes the One of ancient man’s great foes is still with oldest things imaginable. They survive for us – absolute freezing cold. But this less than millennia because they don’t stay old. The great thing has been overcome since the ancient becomes new, transformed by the Inuit’s forebears crossed the Bering Strait hand of man, again and again. and the Sami people colonised Lapland. Now, CKHH companies from Husky Energy Take money. From using AlipayHK by a to 3 Sweden and Park’N Fly not only survive, swipe of your mobile phone to the first- but thrive in the face of killer bears, killer ever coin, the Lydian Lion, money is an icicles and killer cold conditions. Ancient idea on a par with the invention of the man and modern business have conquered wheel for its importance to civilisation. the fro-zone. But while the Tang dynasty’s first attempts at paper money may not be visible on While education may be a recent invention your smartphone today, the idea is there.
    [Show full text]