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Case No COMP/M.2951 - A.S
EN Case No COMP/M.2951 - A.S. WATSON / KRUIDVAT Only the English text is available and authentic. REGULATION (EEC) No 4064/89 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 27/09/2002 Also available in the CELEX database Document No 302M2951 Office for Official Publications of the European Communities L-2985 Luxembourg COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 27.09.2002 SG (2002) D/231850 In the published version of this decision, some PUBLIC VERSION information has been omitted pursuant to Article 17(2) of Council Regulation (EEC) No 4064/89 concerning non-disclosure of business secrets and other confidential information. The omissions are MERGER PROCEDURE shown thus […]. Where possible the information ARTICLE 6(1)(b) DECISION omitted has been replaced by ranges of figures or a general description. To the notifying party Dear Sir/Madam, Subject: Case No COMP/M.2951 - A.S. Watson/Kruidvat Notification of 29.08.2002 pursuant to Article 4 of Council Regulation No 4064/891 1. On 29 August 2002, the Commission received a notification of a proposed concentration whereby A.S. Watson & Co., Limited (“A.S. Watson”), which belongs to the Hong Kong based group Hutchison Whampoa Limited (“Hutchison”), intends to acquire within the meaning of Article 3(1)(b) of the Council Regulation (EEC) No 4064/89 (“the Merger Regulation”) control over Dutch companies Kruidvat Holding B.V., and Kruidvat Superdrug B.V. (hereinafter ”Kruidvat”). The companies are presently controlled by Kruidvat Beheer B.V. (”Kruidvat Beheer”). 2. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of the Merger Regulation and does not raise serious doubts as to its compatibility with the common market and the functioning of the EEA Agreement. -
CK HUTCHISON HOLDINGS LIMITED (“CK Hutchison”) And
HUTCHISON WHAMPOA INTERNATIONAL (03/33) LIMITED (the “Issuer”) US$1,500,000,000 7.45% Guaranteed Notes due 2033 (the “Notes”) (ISIN: US44841SAC35/CUSIP: 44841SAC3/Common Code: 018124572 for Rule 144A Notes) (ISIN: USG4672CAC94/CUSIP: G4672CAC9/Common Code: 018124629 for Regulation S Notes) unconditionally and irrevocably guaranteed by CK HUTCHISON HOLDINGS LIMITED (“CK Hutchison”) and HUTCHISON WHAMPOA LIMITED In accordance with Regulation (EU) No. 596/2014 on market abuse and the law of 11 January 2008 on transparency requirements, as amended, the Issuer is filing with the Commission de Surveillance du Secteur Financier, storing with the Officially Appointed Mechanism and publishing the attached unaudited results for the six months ended 30 June 2019 of CK Hutchison, a guarantor of the Notes issued by the Issuer. The attached document was also published by CK Hutchison at 4:31 pm and 4:32 pm (Hong Kong time), 1 August 2019 on the websites of Hong Kong Exchanges and Clearing Limited and CK Hutchison, respectively. Hutchison Whampoa International (03/33) Limited Edith Shih Director and Company Secretary 1 August 2019 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 HIGHLIGHTS -
Board and Senior Management (PDF)
BOARD AND SENIOR MANAGEMENT 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 45, has been the Chairman of the Company since its incorporation in May 1996. He is the Chairman of the Remuneration Committee of the Company since March 2005. 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 Hongkong Electric 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, the Greater Pearl River Delta Business Council and the Council for Sustainable Development of the Hong Kong Special Administrative Region, 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”). He also holds directorships in certain companies controlled by certain substantial shareholders of the Company. -
1 Abundant Glory Limited British Virgin Islands Executive
Appendix B Present Directorships of Edith SHIH as at effective date of appointment Role Name of Company Place of Incorporation (Executive / Non-Executive) 1 Abundant Glory Limited British Virgin Islands Executive 2 Actionfirm Limited British Virgin Islands Executive 3 AICT Advisory Limited British Virgin Islands Executive Alexandria International Container Terminals 4 Egypt Executive Company S.A.E. 5 Alpha Metrics Limited British Virgin Islands Executive 6 Americas Intermodal Services SA/NV Belgium Executive 7 Americas Shipyard SA/NV Belgium Executive 8 Amsterdam Container Terminals B.V. Netherlands Executive 9 Amsterdam Marine Terminals B.V. Netherlands Executive 10 Amsterdam Port Holdings B.V. Netherlands Executive 11 Anovio Holdings Limited Cyprus Executive 12 APM Terminals Dachan Company Limited Hong Kong Executive 13 Aqaba Terminal Services Limited British Virgin Islands Executive 14 Asia Pacific Honour Holdings Limited British Virgin Islands Executive 15 Bajacorp, S.A. de C.V. Mexico Executive 16 Barcelona Europe South Terminal, S.A. Spain Executive 17 Best Fortune S.a r.l. Luxembourg Executive 18 Best Month Profits Limited British Virgin Islands Executive 19 Best Oasis Holdings Limited British Virgin Islands Executive 20 Best People Resources Limited British Virgin Islands Executive 21 Beyond Excel Investments Limited British Virgin Islands Executive 22 Brightease Profits Limited British Virgin Islands Executive 23 Brisbane Container Terminals Pty Limited Australia Executive Appendix B 24 Buenos Aires Container Terminal Services S.A. Argentina Alternate Director 25 Cape Fortune B.V. Netherlands Executive 26 Central America Shipyard SA/NV Belgium Executive 27 China Terminal Services Holding Company Limited Bermuda Executive 28 Clivedon Limited British Virgin Islands Executive 29 CLK Limited British Virgin Islands Executive 30 Coastal Work Logistics Limited British Virgin Islands Executive 31 Container Security Inc. -
Additional Information
additional Information ports and related services The following tables summarise the major port operations for the four segments of the division. HpH trust 2015 The Group’s Throughput Name Location Effective Interest (100% basis) (million TEU) Hongkong International Terminals/ 30.07% / COSCO-HIT Terminals/ Hong Kong 15.03% / 12.1 Asia Container Terminals 12.03% Yantian International Container Terminals - Phase I and II/ 16.96% / Phase III/ Mainland China 15.53% / 12.2 West Port 15.53% Ancillary Services - Asia Port Services/ Hong Kong and 30.07% / N/A Hutchison Logistics (HK)/ Mainland China 30.07% / Shenzhen Hutchison Inland Container Depots 23.35% Mainland China and other Hong Kong 2015 HPH’s Throughput Name Location Effective Interest (1) (100% basis) (million TEU) Shanghai Mingdong Container Terminals/ Mainland China 50% / 8.3 Shanghai Pudong International Container Terminals 30% Ningbo Beilun International Container Terminals Mainland China 49% 2.0 River Trade Terminal Hong Kong 50% 1.2 Ports in Southern China - Mainland China (2) Nanhai International Container Terminals / 50% / (2) Jiangmen International Container Terminals / 50% / Shantou International Container Terminals/ 70% / (3) Huizhou Port Industrial Corporation/ 33.59% / 2.5 Huizhou International Container Terminals/ 80% / Xiamen International Container Terminals/ 49% / Xiamen Haicang International Container Terminals 49% Note 1: The Group holds an 80% interest in Hutchison Ports Holdings Group (“HPH”). Note 2: Although HPH Trust holds the economic interest in the two River Ports in Nanhai and Jiangmen in Southern China, the legal interests in these operations are retained by this division. Note 3: Includes the throughput of the port operations in Gaolan and Jiuzhou that were disposed during the second half of 2015. -
Has Today Made the Attached Presentation (The “Presentation”) to Investors of the Company
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (incorporated in Hong Kong with limited liability) (Stock Code: 13) ANNOUNCEMENT Hutchison Whampoa Limited (the “Company”) has today made the attached presentation (the “Presentation”) to investors of the Company. Potential investors and shareholders of the Company (the “Potential Investors and Shareholders”) are reminded that the Presentation includes publicly available third party information as well as historical financial information of the Company, recent operational data and best estimates by management of current market performance. Much of the information in the Presentation by its nature is not normally subject to independent review or audit and accordingly has not been reviewed or audited by the Company’s auditors. Potential Investors and Shareholders should exercise caution when dealing in the shares of the Company. By Order of the Board Edith Shih Company Secretary Hong Kong, 6 October 2011 As at the date of this announcement, the directors of the Company are: Executive Directors: Independent Non-executive Directors: Mr LI Ka-shing (Chairman) The Hon Sir Michael David KADOORIE Mr LI Tzar Kuoi, Victor (Deputy Chairman) Mr Holger KLUGE Mr FOK Kin-ning, Canning Mrs -
Hutchison Whampoa Limited Annual Report 2004
4 Business Highlights 2004 February January Energy, Infrastructure, Finance and Investments April Telecommunications Hongkong Electric Hutchison Telecom becomes Energy, Infrastructure, International finalises the first operator to launch 3G Finance and Investments June shareholding arrangements multimedia services in Hong Cheung Kong Infrastructure with five other shareholders for Retail and Manufacturing Kong. Later, in May, the (“CKI”) acquires a 100% interest A S Watson acquires Drogas, a a 1,400-megawatt gas-fired company consolidates its 3G, in Cambridge Water in South leading health and beauty power plant project in Thailand GSM Dualband and CDMA Cambridgeshire, the UK. chain operating more than 80 and becomes the largest services under the “3” brand. stores in Latvia and Lithuania. foreign shareholder in the company. January Retail and Manufacturing Hutchison Harbour Ring July (“HHR”) and Global Brands Energy, Infrastructure, Group are named exclusive Finance and Investments licensing agent for the May CKI acquires a 40% interest in Mainland, Hong Kong and Retail and Manufacturing March the Lane Cove Tunnel Company Macau by Warner Bros. Hutchison Whampoa (China) Pty Ltd in Australia which has Consumer Products (“WBCP”). Telecommunications sells its remaining 20% interest been awarded a concession to HHR also provides sourcing The Group’s fixed line business in the Mainland joint venture build and operate the Lane services to WBCP licensees is listed on the Stock Exchange Procter & Gamble-Hutchison to Cove Tunnel and the Falcon worldwide outside of the US of Hong Kong by way of the Procter & Gamble for a cash Street Ramp in Sydney. In and Canada. acquisition of Vanda Systems consideration of US$2 billion, August, CKI acquires the North which is now renamed realising a gain on disposal of of England Gas Distribution Hutchison Global HK$13.7 billion. -
THE INTERNATIONAL JOURNAL of the HUTCHISON WHAMPOA GROUP SPHERE 8 SPHERE CONTENTS Number 8 March 2003
THE INTERNATIONAL JOURNAL OF THE HUTCHISON WHAMPOA GROUP SPHERE 8 SPHERE CONTENTS Number 8 march 2003 2 8 UPDATES COMMUNITY NEWSBITES OUT OF THE BOX Latest developments from the A unique project forges links Hutchison press box. amongst creative talents on two continents. 12 COVER STORY 3 THE DIFFERENCE Next-generation mobile services have arrived in the UK and Italy under the 3 brand. 26 MANUFACTURING TOP OF THE GAME Since becoming HWL’s manufacturing arm, Hutchison Harbour Ring has been playing in a bigger league. 32 RETAIL FREQUENT BUYERS Nuance-Watson has raised the airport shopping experience to new heights. Cover: Illustration by David Chan Tik Wai P UBLISHED BY Hutchison Whampoa Limited, 22/F Hutchison House, 10 Harcourt Road, Central, Hong Kong. Website: hutchison-whampoa.com. In-house Editorial Team:Laura Cheung, Nora Yong,Pamela Wan.Editor:Mark Caldwell – Great Pacific Marketing Services Ltd. Design and production:Fiona Wat, Dharmistha Bradley, Blackie Hui, Kelly Cheunglittle red– hen, a division of the Asia City Publishing Group. Tel:2850 5500. Fax 2543 1220. Colour separation by Gilead Graphic International. Printing by Miracle Printing Group. No part of this magazine may be reproduced without the written permission of Hutchison Whampoa Limited. All rights reserved. Copyright © 2003 by Hutchison Whampoa Limited. Opinions expressed herein are those of the writers and do not necessarily reflect the opinion of Hutchison Whampoa Limited.All currency conversions are approximations. HUTCHISON UPDATES News CORPORATE TELECOMS JV to Promote China Tourism HGC Connects with China Hutchison Global Hutchison Whampoa (China) of China’s tourism industry. HONG KONG has become a founding JV Beijing Tourism’s assets include Beijing Communications partner (27.5%) of Beijing Badaling Tourism Development, Jian (HGC) and China Telecom have reached an Tourism Development Co. -
The Competitive Strategy of an Ethnic Chinese Corporate Group Under the Hong Kong Economic Development, with Special Emphasis on the Cheung Kong Group
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Ritsumeikan Research Repository © Institute of lnternational Relations and Area Studies, Ritsumeikan University The Competitive Strategy of an Ethnic Chinese Corporate Group under the Hong Kong Economic Development — With Special Emphasis on the Cheung Kong Group — Mori, Masaki* Abstract This paper discusses about the competitive strategy of an ethnic Chinese corporate group under the Hong Kong economic development, with special emphasis on the Cheung Kong group. First, Hong Kong economy, its industrial development and the economic relationship between Hong Kong and the mainland China is historically examined. Second, the growth strategy of a Hong Kong corporate group, the Cheung Kong group, is discussed how to diversify its business in adapting to Hong Kong economic environment. Third, the characteristics of its corporate governance and accounting management are discussed as a family-owned corporate group. Keywords: Competitive Strategy, Ethnic Chinese Corporate Group, the Hong Kong Economic Development, the Cheung Kong Group Ritsumeikan International Affairs Vol.12, pp.21–38 (2014). * Associate Professor, College of Business Administration, Ritsumeikan University, Japan. E-mail: [email protected] 22 Ritsumeikan International Affairs 【Vol. 12 1. Introduction This paper examines the Competitive Strategy of an ethnic Chinese corporate group under the Hong Kong economic development, through a case study of the Cheung Kong Group. The focus herein is on corporate governance and accounting management within family enterprises. You Zhongxun (1998) proposes that “The reason for the economic prosperity of ethnic Chinese…is largely attributable to Asia’s economic development. -
Watsons Experience Launches in Russia Focus Story
103 Watsons Experience Launches in Russia Focus Story Watsons Experience Launches in Russia Watsons is delighted to have opened its first Russian store in St.Petersberg. The launch of Asia’s No.1 health and beauty brand will deliver an unprecedented range of world-class products to the increasingly sophisticated Russian market. This is a country where people take great care over their appearance, and by introducing the products and advanced skincare regimens of Asia, Watsons taps into what it sees as huge market potential. WatsON 103 • Quarter 2 • 2018 01 Focus Story Russia will be the 12th market to host Watsons stores. In every market where it operates, Watsons sets the highest global standards in the health, wellness and beauty market. Putting customers first is what Watsons is all about. It offers customers real value, good service and expert advice – and St.Petersberg this is what Watsons will present to Russian customers. The launch of the first store in Russia is a significant step in the expansion of the Watsons brand. Watsons “cares deeply about its customers around the globe, addressing their health and beauty needs both instore and online. We are dedicated to making our customers Look Good and Feel Great and putting a smile on their faces. Andrei Melnikov ” General Manager Watsons Russia WatsON 103 • Quarter 2 • 2018 02 Focus Story Emerging Market, Golden Opportunity Russian customers are seeking out both new experiences Beauty trends from Asia and especially from Korea and new products in health and beauty. Russian is a – hugely popular across Asia but underdeveloped in Russia magnet for sophisticated travellers from across Europe, Digital and eCommerce solutions, which are well and it has significant potential for future growth. -
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 -
Let's Celebrate
NEWS RETAIL Let’s celebrate A S Watson Group (ASW) recently marked celebratory milestones in Taiwan, The Netherlands and Poland. Watsons Taiwan unveiled its 500th store in Ximending, a popular district with Taipei’s Gen Y customers. ICI PARIS XL opened its 300th store, in the Dutch town of Wijchen, where it aspires to offer greater interaction and a heightened shopping experience to appeal to young customers. Looking to the East, Rossmann Poland launched its 1,000th store, in Warsaw. 恭喜, Gefeliciteerd and Gratulacje! TELECOMS HGc mInInG data – and Gold HGC Cloud Audience Analytics, Hutchison Global Communications’ innovative analytic tool, was awarded the “Best Smart Hong Kong Gold Award” for Big Data at the Hong Kong ICT Awards hosted by the Office of the Government Chief Information Officer. Ahead of tHe pack wItH flexI pass Hong Kong is known for speed and style. 3 Hong Kong delivers both, making sure its customers have the most up-to-date and stylish smartphones with “Flexi Pass”. A first in Hong Kong, Flexi Pass allows customers to return an old smartphone, upgrade to the latest model and even terminate the old contract for a nominal fee. HutcH connect connects tHe world Yes I can! HappY 35 Years! Hutch Sri Lanka’s new IDD/roaming App The pursuit of excellence and exemplary Trekpleister, The Netherland’s fastest- “Hutch Connect” enables customers sportsmanship were in the spotlight as the growing health and beauty retailer for to call any overseas number at up to 40 ASW Hong Kong Student Sports Awards the past two years, is celebrating its per cent savings while not requiring the (HKSSA) celebrated its 10th anniversary.