Pacific Century Group Holdings Ltd

From WikiCorporates
(Redirected from Li Ka-shing)
Jump to navigation Jump to search

Pacific Century Group is a Hong Kong-based private investment group, founded by Richard Li, the son of Hong Kong’s Li Ka-Shing (aka "Asia’s richest man").ref.
The firm specialises in technology, media and telecommunications, financial services, infrastructure, property, and other investments. The group operates mainly in the Asia-Pacific region, including Singapore, Hong Kong and Japan.ref

Company Structure

Financial Services

  • PineBridge Investments.ref PineBridge is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives. PineBridge manages $82.7bn as of Dec.2016 for a global client base that includes institutions, insurance companies and intermediaries.website
    • FWD Insurance spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Vietnam and Singapore, offering life and medical insurance, and general insurance. Est. in 2013. Held via PineBridge Investments.ref website

Media, Telecomms & Property

About, Our Business

  • PCCW Ltd (formerly Pacific Century CyberWorks) is headquartered in Hong Kong, and holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
    PCCW is the holding company for HKT Ltd, through which it has a majority interest in Pacific Century Premium Developments Ltd.ref
    PCCW holds a controlling 70.83% interest in Pacific Century Premium Development (Dec.2017), via its subsidiary Asia Motion Ltd.ref,p.46
    • PCCW Media is a multimedia and entertainment group in Hong Kong. It operates "Now TV", the largest local pay-TV operation, and is engaged in the provision of over-the-top video service under the Viu brand in Hong Kong and other places in the region. The group also operates a directories businesses under the Yellow Pages brand.ref
    • PCCW Solutions Ltd is an outsourcing provider for information technology and business processes, in Hong Kong and mainland China. ...D-Infinitum, Global Data Center Alliance.link website
    • HKT Ltd is a pair of stapledWikipedia-W.svg companies, HKT Trust (reg. Cayman Islands) and its direct subsidiary HKT Ltd (reg. Hong Kong). (Hong Kong Telecom Ltd) is Hong Kong's largest telecommunications service provider, with a range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses. The share stapled units of the HKT Trust and HKT Ltd are listed on The Stock Exchange of Hong Kong Ltd. ref,website
      • PCWW Global Ltd is HKT's international operating division, covering 3,000+ cities and 150 countries. It comprises an integrated global communications network, with Ethernet, IP, fibre and satellite transmission, international voice and VoIPX services, managed network and security services. Expanding "as-a-service" solutions include OTT video and Unified Communications. PCCW Global is headquartered in Hong Kong, with offices in the UK, Belgium, France, Greece, Japan, Korea, Singapore, China, South Africa, the United Arab Emirates, and the USA.ref, ref, website
    • Metro Speed Ltd, reg. Cayman Islands Dec.2017 a/cs, p.18
      • HKT Global (UK) Ltd, investment holdco, CH
        • PCCW Global Networks (UK) plc, design, developmet and delivery of communications and multimedia services via ultra-high-speed connectivity, indirect subsid of HKT Ltd, funded by HKT Group Holdings Ltd an intermediate parent + an indirect subsid of HKT Ltd, CH
    • Asian Motion Ltd, headquartered in Hong Kong, reg. British Virgin Islands.ref p.75, ref
      • Pacific Century Premium Developments Ltd is primarily engaged in the development and management of property and infrastructure projects and investments in Indonesia, Japan, Thailand and Hong Kong.website Other businesses include property management in Japan, property investment in Hong Kong and asset management in China.ref, website, ref, p.7 The company is incorporated in Bermuda.ref, p.75
        • Ipswich Holdings Ltd, investment holdco, reg. British Virgin Islands
        • Beijing Yuze Consulting Service Company Ltd, property management and leasing, indirectly held, reg. China.
        • City Charm Enterprises Ltd, investment holdco, indirectly held, reg. British Virgin Islands.
        • Cyber-Port Ltd, property development, indirectly held, reg. Hong Kong
        • Dong Si (Holdings) Ltd, provision of leasing and financing, indirectly held, reg. Hong Kong
        • Harmoney TMK, property development, indirectly held, reg. Japan
        • Island South Property Management Ltd, property management, indirectly held, reg. Hong Kong.
        • Melati Holding Ltd, investment holdco, indirectly held, reg. British Birgin Islands
        • PCPD Capital Ltd, investment holdco and financing, indirectly held, reg. Cayman Islands
        • Rafflesia Investment Ltd, investment holdco, indirectly held, reg. British Virgin Islands
        • Silvery Sky Holdings Ltd, investment holdco, indirectly held, reg. British Virgin Islands
        • Talent Master Investments Ltd, property investment holdco, indirectly held, reg. British Virgin Islands
        • ... ... see 2017 a/cs, p.116
Orphans
  • HKT Group Holdings Ltd: conflicting info. (a) formed in 2008 to hold the telecommunications services, media and IT businesses of the PCCW Group in a reorganisation designed to improve the Group's operational efficiencies.ref (b) PCCW Ltd is the holding company of HKT Group Holdings Ltd. PCCW Global is an operating division of HKT Group Holdings Ltd, which is a wholly-owned subsidiary of PCCW Ltd and holds the PCCW Group’s telecoms services, media and IT solutions businesses.ref (c)

May.2017: sold networks + assets to UK Broadband Ltd as part of a deal where UKB was sold to Hutchinson 3G UK Ltd, ref, ref

Timeline

  • Nov.2016: Acquired Fuji Life Insurance Co.ref
  • Jun.2016: D-Infinitum Global Data Center Alliance launched. D-Infinitum is a strategic alliance with datacentre service providers around the world addressing enterprises’ growing demand for cost-effective multi-site colocation and value added services across countries and locations. The D-Infinitum network combines more than 80 datacentre facilities across over 40 cities globally. PCCW Solutions together with the D-Infinitum partners intends to offer a full suite of hosting and co-location services to clients, including managed services, facility management, business continuity, disaster recovery, etc, thus providing a one-stop hub for clients’ global hosting needs. Traditionally, enterprises with global hosting needs would need to deal with multiple providers, and get into complex, time-consuming commercial negotiations with differing capability and quality standards such as compliance with multi-currency and multi-legal jurisdiction. Through the D-Infinitum Network, enterprises can enjoy multi-location hosting under a single contract with greater efficiency, transparency and flexibility.ref, ref
  • May.2015: CSL and HKT Trust & HKT Ltd merged.ref
  • Mar.2015: PCCW acquired a controlling interest in Vuclip, a mobile video-on-demand service platform that operates in 6 countries.ref
  • 2015: PCCW acquired Syntelligence and Voxclever to facilitate deployment of UCaaS.
  • 2014: PCCW acquired Crypteia Networks for cybersecurity services.
  • Feb.2013: Acquired ING Groep NV's Hong Kong, Macau and Thailand insurance businesses.ref
  • Jan.2013: PineBridge invested €26m in Work Service, a leading temporary staffing and personnel outsourcing company in Poland.ref
  • May 2012: PineBridge's Chinese joint venture, Huatai-PineBridge Fund Management Co raised $5.3bn in its initial public offering.ref
  • Oct.2012: PineBridge increased its stake in ProMedica24, a household services and elderly care company based in Poland and Germany, from 50% to 75%.ref
  • Oct.2012: FWD Group: ING Groep NV sold its Hong Kong, Macau and Thai life insurance units to Richard Li, which were then restructured and renamed.ref
  • 2012: PCCW acuired Gateway Communications.
  • Aug.2012: PineBridge formed a joint venture with Polish postal company, Integer.pl Group, through its Luxmbourg-based investment firm Asterina Investments. The joint venture is intended to expand Easypack, Integer.pl's parcel-handling system. ref,ref
  • Oct.2011: PCCW spun off its telecom assets as a separate listed firm called HKT Trust, leaving PCCW still owning ~66% of HKT, and therefore entitled to its share of the trust's profits.ref
  • Mar.2010: Pinebridge Investments: Acquired part of AIG's advisory and asset management operations, AIG Investments;ref the business was restructed and renamed as PineBridge Investments.ref AIG sold its non-core businesses to repay $185bn of govt bailout money.ref The transaction was made by Bridge Partners LP, a wholly owned subsidiary.ref Mervyn Davies was appointed chairman of Pinebridge.ref
  • 2010: EDF sold the local networks of cables and transformers it owned in East Anglia, London and south-east England to Li Ka-shing, in order to fund its purchase of Britain’s nuclear stations.ref
  • 2007: Sold PCI to Fortis.ref
  • May.2004: Asian Motion Ltd acquired a substantial interest in Dong Fang Gas Holdings Ltd.ref The company was subsequently renamed Pacific Century Premium Developments Ltd, and the gas operations sold off.ref
  • Feb.2001: Reach Ltd, a 50:50 joint venture between PCCW and Telstra Corporation Ltd. Reach integrates PCCW’s international connectivity services subsidiary (formerly HKTI) and Telstra’s global wholesale business.ref, ref
  • Aug.2000: Acquired Cable & Wireless HKT (originally The Hong Kong Telephone Company Ltd, formed in 1925).ref
  • 1994: Acquired Pacific Century Insurance. ref
  • 1993: Pacific Century Group founded by Richard Li; also Pacific Century CyberWorks (PCCW).ref