nws

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 ---- Enterprise (CTFE). Operating businesses include toll roads, construction, insurance, logistics, and facilities management.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. 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 of the Company.
Business units include:
Construction: Hip Hing Construction
Insurance: FTLife
Logistics : ATL Logistics Centre, Logistics Properties in Mainland ChinaFacilities Management: the management of Hong Kong Convention and Exhibition Centre ; Free Duty, Gleneagles Hong Kong Hospital
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. NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS has exited the environmental segment after disposing of its major assets, SUZE NWS in 2021.

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