M&A Deal Summary

CK Hutchison and Hutchison Whampoa Acquire Swingfield Developments

On November 18, 2004, CK Hutchison and Hutchison Whampoa acquired business services company Swingfield Developments

Acquisition Highlights
  • This is CK Hutchison’s 1st and Hutchison Whampoa’s 1st transaction in the Business Services sector.
  • This is CK Hutchison’s 1st and Hutchison Whampoa’s 1st transaction in Virgin Islands (British).

M&A Deal Summary
Date 2004-11-18
Target Swingfield Developments
Sector Business Services
Buyer(s) CK Hutchison
Hutchison Whampoa
Deal Type Joint Venture

Target

Swingfield Developments

Virgin Islands (British)
Swingfield Developments Limited a Indirect 50:50 joint venture of Cheung Kong (Holdings) Ltd 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 1 of 14
Sector (Business Services) 1 of 1
Type (Joint Venture) 1 of 5
Country (Virgin Islands (British)) 1 of 2
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-12 PowerCom Network Hong Kong

Hong Kong, China

PowerCom Network Hong Kong Ltd,offers innovative Internet access services to resdential homes and hotels in Hong kong.

Sell HK$391M
FOLLOWING 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 -
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 4 of 10
Sector (Business Services) 1 of 1
Type (Joint Venture) 1 of 4
Country (Virgin Islands (British)) 1 of 2
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-22 Hutchison Corporate Access

China

Hutchison Corporate Access a provider of private satellite-based data communications networks.HCA offers a service that lets companies exchange data among offices via VSAT (very small aperture terminal) rooftop satellite dishes.

Sell $103M
FOLLOWING 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 -
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