CK Asset Holdings
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CK Asset Holdings

CK Asset Holdings
CK Asset Holdings
CK Asset Holdings was formed in 2015 when tycoon Li Ka-shing's Cheung Kong Holdings spun off its property arm as part of a restructuring that culminated in the privatisation of Cheung Kong. CK Asset Holdings replaced its parent on the Hong Kong stock exchange. In 2018, Li Ka-shing stepped down as chairman and handed leadership to his son Victor Li Tzar-kuoi. The elder Li retains a role as senior adviser.
Chairman / President
LI Tzar Kuoi, Victor
CEO / Managing Director
LI Tzar Kuoi, Victor
CFO / Finance Director
Edmond Ip
Industry
Property
Website
ckah.com
Headquarters address
7th Floor, Cheung Kong Center, 2 Queen's Road Central, Hong Kong
Stock Code
SEHK:1113
Year founded
1950
Traders are hoping authorities will roll out further pro-growth initiatives to better align supply with domestic consumption, according to analysts. Photo: AFP
Hong Kong stock market

Hong Kong stocks advance as traders position for additional growth measures

Investors anticipate further easing on monetary, fiscal and property fronts after Beijing vowed to strengthen domestic market.

Hong Kong’s Tai Po fire tragedy

Hong Kong developers push for smoking ban at construction sites after deadly fire

18
Hong Kong property

Chinachem secures plot in Hong Kong’s Tsuen Wan for US$318 million

Hong Kong property

Hong Kong’s top developers vie for rare Tsuen Wan site in test of land market

Nine bidders have lodged offers for the city’s only residential site this quarter.

View of a plot at the junction of Wing Shun Street and Texaco Road in Tsuen Wan. Photo Edmond So
Hong Kong property

Li Ka-shing’s CK Asset, SHKP among six bidders for MTR’s Tuen Mun site

The site, with a residential gross floor area of more than 600,000 sq ft, is expected to generate some 1,280 flats and car park spaces.

Crime in Hong Kong

Man arrested in Hong Kong over splashing red paint in CK Asset’s office lobby

Source says suspect demanded to speak to former company chairman Li Ka-shing before splashing paint in Cheung Kong Center’s lobby.

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Hong Kong economy

Hong Kong’s URA eyes engaging developers early to reduce risk of failed tenders

Lawmaker suggests URA and developers could be allowed to enter market together when acquiring land lots.

The URA is looking at ways to cut acquisition costs and expedite redevelopments. Photo: Jonathan Wong
Hong Kong stock market

Hong Kong stocks fall as AI bubble fears grow amid Wall Street retreat

Blue chips Baidu, Meituan and Alibaba lead Hang Seng Index lower.

4
Hong Kong property

Hong Kong homebuyers snap up the city’s first sale after rate cuts

New World Development and CK Asset Holdings sold 120 apartments, or 66 per cent of the 190 flats on offer at two locations in Hong Kong.

Hong Kong property

NWD, CK Asset launch home sales, hoping year’s first rate cut revives sentiment

New World is selling all 120 units at House Muse in Kowloon City, and CK Asset is selling the last 70 units at Blue Coast II in Wong Chuk Hang.

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CK Asset is launching sales of the last 70 remaining units in Blue Coast II in Wong Chuk Hang on Friday. Photo: Jonathan Wong
Hong Kong economy

Opinion | Hong Kong can’t let its construction sector be captured by bad actors

Corruption or not, once malpractice takes hold, good contractors will be driven out, with serious consequences for public costs and safety.

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The construction site of CK Asset’s Anderson Road project in Kwun Tong, Hong Kong, on May 21. The ICAC has initiated 205 prosecutions against six individuals and two companies. Photo: Dickson Lee
Hong Kong property

Hong Kong’s ‘Cassette King’ offers to sell luxury property to pare debt

David Chan plans to sell a three-storey mansion at 51 Mount Davis Road on Hong Kong Island to repay debt, he says in a phone interview.

Hong Kong property

Hong Kong home sales on ‘upwards trajectory’ to 4-year high, agents say

CK Asset Holdings sold 74 of 159 units at Blue Coast II in Wong Chuk Hang as of 3pm on Sunday.

4
Crime in Hong Kong

205 prosecutions launched over subpar steel work at CK Asset Hong Kong project

Probe find problems with steel reinforcement work at Anderson Road residential project, with six people and two firms prosecuted.

CK Asset’s Anderson Road project has six residential towers. Photo: Nora Tam
Hong Kong property

Hong Kong Ferry buys retail space for US$33 million from ‘Cassette King’

Subsidiary Prosper Link Investment agrees to buy a number of shops in Tsuen Wan from a firm that lists David Chan as director.

Tai Hung Fai (Tsuen Wan) Centre at 55 Chung On Street in Tseun Wan. Photo: Handout
Hong Kong property

Hong Kong builders rush to sell 200 flats amid rate-cut optimism

After more than two years of new flats selling for less than second-hand units, the price gap has started to narrow, analyst says.

Hong Kong property

CK Asset’s first-half profit falls 26% amid Hong Kong property market challenges

Profit falls to HK$6.3 billion (US$806.4 million) in the first half, below analysts’ expectations of about HK$14.2 billion.

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Sino Land Co

Sino Land wins Tuen Mun land tender with HK$1 billion bid as market improves

The transaction marks the Hong Kong government’s first residential plot sale this financial year.

A general view of Hoi Chu Road in Tuen Mun. Photo: Google Maps
SCMP Highlights

Li Ka-shing’s mansion ‘not for sale’, Malaysian student’s death: 7 highlights

From Li Ka-shing’s mansion ‘not for sale’ to Malaysia’s probe into a student’s death, here are highlights from SCMP’s recent reporting.

Millionaires and billionaires

Tsz Shan Monastery book offers peek into Li Ka-shing’s philosophy

Titled ‘Eternity in Light’, the five-chapter tome features writings about the Tsz Shan Monastery to mark its 10th anniversary.

Hong Kong

Revealed: the Li family home of 6 decades and focus of social media hoax

Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island, the mansion features three stories sitting atop an elevated podium with a swimming pool.

An undated photograph of the Li family’s home at 79 Deep Water Bay. Photo: Handout
Hong Kong property

Li mansion in Deep Water Bay is ‘not for sale’, CK Asset says in rebuke

Social media speculation of the impending sale of 79 Deep Water Bay Road is “entirely fabricated”, “false” and “groundless,” CK Asset said in a statement.

An undated photograph of the Li family’s mansion at 79 Deep Water Bay Road from a neighbouring hill on Hong Kong island. Photo: Handout
Hong Kong economy

Hong Kong developers urged to link up with mainland firms on border project

Government is studying proposals submitted by various firms for the Northern Metropolis project, development chief Bernadette Linn says.

6
Hong Kong property

First flats in NWD-led Deep Water Pavilia go on sale on Saturday

Prospective buyers have submitted 2,500 cheques for 138 flats priced at an average of US$2,680 per square foot.

Hong Kong property

NWD and partners set record-low price for Southside Hong Kong flats

The sale will provide some relief for the cash-strapped developer, which last week postponed interest payments on US$3.4 billion in bonds.

NWD owns 50 per cent of the 447-unit Deep Water Pavilia project in Wong Chuk Hang. Photo: Handout
Hong Kong property

Hong Kong’s veteran investors face the heat in sinking property market

Falling property values have forced some of Hong Kong’s wealthiest investors to part ways with prized assets.

4
A view of the Hong Kong skyline from The Peak. Photo: Jonathan Wong
Hong Kong society

Safety documents for Hong Kong construction sites ‘should require e-signatures’

Industry veteran raises suggestion to fight fraud after ICAC uncovers suspected bribery of inspectors at residential project.

Hong Kong housing

Editorial | Public needs answers on alleged corruption at Kowloon flats site

Hong Kong graft-buster investigates defects scandal at housing project where supervisors are suspected of accepting bribes.

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