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CTF Services
Chinese conglomerate From Wikipedia, the free encyclopedia
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CTF Services Limited (Chinese: 周大福創建有限公司), (SEHK: 659) is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and the Mainland under Chow Tai Fook Enterprise (CTFE).[1] Operating businesses include toll roads, insurance, logistics, construction and facilities management.[2]
CTF Services Limited, formerly known as NWS Holdings Limited, was established in 2003 when its predecessor, Pacific Ports Company Limited, acquired New World Services Limited from New World Development and the infrastructure assets from New World Infrastructure Limited.[3] The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung. Mr. Brian Cheng and Mr. Gilbert Ho are the Co-Chief Executive Officers[4] of the Company.
Before 2020, the company was involved in infrastructure and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division included roads, energy, water and ports projects. Its service division comprised facilities management, construction (Hip Hing Construction and NWS Engineering), finance (Taifook Securities and New World Insurance) and transportation (Citybus, New World First Bus and New World First Ferry).
NWS has been optimizing its business portfolio since 2018. In August 2020, the Citybus and New World First Bus subsidiaries were sold to Bravo Transport.[5][6] NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS achieves milestone in ESG journey with successful disposal of its interest in coal-fired power plant, Chengdu Jintang Power Plant, marking the complete phase-out of fossil fuel investments from its portfolio and demonstrating its commitment to sustainable practices.[7]
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Operating Businesses
Toll Roads
- Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Section)
- Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Northern Section)
- Guangzhou-Zhaoqing Expressway
- Shenzhen-Huizhou Expressway (Huizhou Section)
- Guangzhou Dongxin Expressway
- Guangzhou City Nansha Port Expressway
- Guangdong E-serve United Co., Ltd.
- Hangzhou Ring Road
- Shanxi Taiyuan – Gujiao Roadway (Gujiao Section)
- Tangjin Expressway (Tianjin North Section)
- Hubei Suiyuenan Expressway
- Hubei Laogu Expressway
- Hunan Sui-Yue Expressway
- Hunan Changliu Expressway
- Guangxi Guiwu Expressway
Insurance
Logistics
- ATL Logistics Centre
- NWS Chengdu Airport Logistics Centre (新創建成都機場物流中心)
- NWS Longquan Logistics Centre (新創建龍泉物流中心)
- NWS Xinjin Logistics Centre (新創建新津物流中心)
- NWS Xindu Logistics Centre (新創建新都物流中心)
- NWS Xindu North Industrial Park (新創建新都北工業園)
- NWS Hannan Logistics Park (新創建漢南物流園)[9]
- Suzhou Industrial Park (蘇州工業園)[10]
- China United International Rail Containers Co., Limited
Construction
- Hip Hing Group
- Vibro Group
- Quon Hing Group
- Hsin Chong Aster Building Services Limited
Facilities Management
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Corporate affairs
Its head office is in the 21/F, NCB Innovation Centre, 888 Lai Chi Kok Road, Cheung Sha Wan, Kowloon, Hong Kong.
References
External links
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