M&A Deal Summary

CK Hutchison and Hutchison Whampoa Acquire Choicewide Group

On February 16, 2007, CK Hutchison and Hutchison Whampoa acquired real estate company Choicewide Group

Acquisition Highlights
  • This is CK Hutchison’s 3rd and Hutchison Whampoa’s 4th transaction in the Real Estate sector.
  • This is CK Hutchison’s 2nd and Hutchison Whampoa’s 2nd transaction in Virgin Islands (British).

M&A Deal Summary
Date 2007-02-16
Target Choicewide Group
Sector Real Estate
Buyer(s) CK Hutchison
Hutchison Whampoa
Deal Type Joint Venture

Target

Choicewide Group

Virgin Islands (British)
Choicewide Group Limited develops real estate properties. Choicewide Group Limited operates as a joint venture between Cheung Kong (Holdings) Limited and Hutchison Whampoa Ltd.

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Buyer(S) 2

Buyer

CK Hutchison

Hong Kong, China
Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 275.6B HKD (2023)
DESCRIPTION

CK Hutchison is a property development and strategic investment company. CK Hutchison is one of the largest developers in Hong Kong of residential, commercial, and industrial properties. CK Hutchison was founded in 1828 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 5 of 14
Sector (Real Estate) 3 of 3
Type (Joint Venture) 4 of 5
Country (Virgin Islands (British)) 2 of 2
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-05 The Ming An Insurance Company

Causeway Bay,, China

The Ming An Insurance Company (Hong Kong) Ltd.operates as a general insurance company in Hong Kong.

Buy HK$607M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-27 iBusinessCorporation.com

Hong Kong, China

iBusiness Corporation Limited invests in and builds profitable m-commerce, e-commerce, Internet infrastructure and software technology businesses.

Buy HK$9M
Buyer

Hutchison Whampoa

Hong Kong, China
Category Company
Sector Diversified
Employees280,000
Revenue 266.4B HKD (2020)
DESCRIPTION

Hutchison Whampoa is a multinational conglomerate committed to innovation and technology. HWL has six core businesses ports and related services, property and hotels, retail, infrastructure, energy, and telecommunications. Hutchison Whampoa is based in Hong Kong, China.

DEAL STATS #
Overall 7 of 10
Sector (Real Estate) 4 of 4
Type (Joint Venture) 4 of 4
Country (Virgin Islands (British)) 2 of 2
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-04 Gislingham

China

Gislingham Limited,owns and develops real estate properties including the Maqiao land into residential properties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-27 iBusinessCorporation.com

Hong Kong, China

iBusiness Corporation Limited invests in and builds profitable m-commerce, e-commerce, Internet infrastructure and software technology businesses.

Buy HK$9M
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