Milestones
  • In January, Power Assets Holdings Limited announces the successful spin-off and listing of HK Electric Investments Limited on the Main Board of The Stock Exchange of Hong Kong.

  • In March, Hutchison Port Holdings Trust announces that it entered into strategic partnerships with COSCO Pacific Limited and China Shipping Terminal Development (Hong Kong) Company Limited through their investments of 40 per cent and 20 per cent, respectively, of Asia Container Terminals Holdings Limited and its group companies.

  • In March, HWL announces the formation of a strategic alliance with Temasek by Temasek taking up an indirect equity interest of 24.95% in A.S. Watson Holdings, HWL’s retail division.

  • In March, Husky Energy achieves first gas at the Liwan 3-1 field of the landmark Liwan Gas Project in the South China Sea.

  • In May, a joint venture led by Cheung Kong Infrastructure Holdings Limited (CKI) has entered into an agreement for the acquisition of assets and the related land holdings of the Park’N Fly business, the leading off-airport car park provider in Canada.  The joint venture consists of CKI and Cheung Kong (Holdings) Limited, each owning a 50% interest.  Park’N Fly is the largest off-airport car park company in Canada, and the only national operator.

  • In June, Cheung Kong Infrastructure Holdings Limited (CKI) and Cheung Kong (Holdings) Limited (CKH) acquired Park’N Fly’s Vancouver operation.  Upon completion of the transaction, the CKH/CKI joint venture will own 100% of Park’N Fly’s business in Canada.

  • In July, Three Ireland completes the acquisition of O2 Ireland.

  • In December, Husky Energy has commenced steam operations at the Sunrise Energy Project in northeast Alberta.

  • In December, the Liuhua 34-2 gas field in the South China Sea begins production. It is the second field to be brought online at Husky Energy’s Liwan Gas Project in the year.