Milestones | NWS Holdings Limited

13.09.2024

NWS's Zhiyi West Lake Service Area on Hangzhou Ring Road Becomes the First Service Area in the Mainland to Receive LEED Platinum Certification

21.03.2024

NWS issued its first Green Panda Bonds which is the first-ever Green Panda Bonds issued by a Hong Kong conglomerate with proceeds allocated for logistics warehousing

29.01.2024

NWS accelerated transition to a net-zero future with the disposal of its interest in Chengdu Jintang Power Plant, marking the complete phase-out of fossil fuel investments from its portfolio.

24.11.2023

Chow Tai Fook Enterprises acquired 60.88% of NWS Holdings shares previously held by New World Development (0017) and became the major shareholder of NWS.

31.05.2023

NWS registered with the National Association of Financial Market Institutional Investors and issued its inaugural RMB denominated medium term notes (the “Panda Bonds”) in the Mainland, marking the first-ever issuance of Panda Bonds by a Hong Kong conglomerate following the new regulations released by the People’s Bank of China and State Administration of Foreign Exchange in December 2022.

22.02.2023

NWS acquired a 90% interest in a logistics property in the Suzhou Industrial Park with a valuation of RMB570 million from Shanghai Zhongji Enterprise Management Co., Ltd., a subsidiary of Greenland Holding Group.

21.12.2022

NWS and Chow Tai Fook Enterprises completed the sale of Goshawk Aviation Limited’s business aircraft leasing platform, excluding aircraft leased to Russian airlines, to SMBC Aviation Capital for approximately US$1.6 billion in cash.

16.05.2022

NWS acquired a 100% interest in a portfolio of six premium logistics properties in Chengdu and Wuhan from Goodman Group for a total consideration of RMB2.29 billion (approximately HK$2.66 billion), and formed a partnership with Goodman Group to jointly manage the portfolio and explore collaboration opportunities in the Mainland.

26.04.2022

NWS acquired a 40% interest in Guigang-Wuzhou Expressway from Logan Transport Group Co., Ltd, for a total consideration of approximately RMB1.9 billion (approximately HK$2.3 billion).

15.11.2021

NWS completed the disposal of its entire 42% stake in SUEZ NWS Limited for a total consideration of HK$4,173 million.

08.10.2021

NWS completed the disposal of the entire 20% interest in Xiamen Container Terminal Group.

11.05.2021

NWS completed the disposal of Derun Environment Company Limited for a total consideration of HK$2,360 million.

23.02.2021

NWS issued a sustainability-linked loan of HK$1 billion with Bank of America N.A.

12.01.2021

NWS entered into sale and purchase agreements for the disposal of its entire 42% equity interests in SUEZ NWS Limited to SUEZ Asia Limited, and its entire 12.55% equity interests in Chongqing Derun Environment Company Limited to SNL.

07.09.2020

NWS Holdings became a Constituent Stock on the Hang Seng Sustainability index and Hang Seng ESG 50 index

21.08.2020

NWS sold its franchised New World First Bus Services Limited (“NWFB”) and Citybus Limited (“Citybus”) to an international consortium led by Templewater Bravo Holdings Limited.

29.06.2020

NWS Holdings Limited announced its first sustainability-linked loan of HK$1 billion.

NWS announced its first sustainability-linked loan of HK$1 billion.

04.05.2020

NWS brought in Chu Kong Shipping Enterprises (Group) as a new shareholder for New World First Ferry.

01.11.2019

NWS completed the acquisition of FTLife Insurance, making it one of the core businesses.

19.07.2019

The Group acquired 100% interest in Hunan Changliu Expressway with a RMB4,571 million winning bid.

NWS acquired a 100% interest in Hunan Changliu Expressway with a winning bid of RMB4,571 million. The expressway spans approximately 65km with dual two-lane roads.

05.06.2019

Goshawk Aviation sets new foothold in aircraft management closed HK$5 billion inaugural asset-backed securitization (ABS).

Goshawk Aviation completed a HK$5 billion inaugural asset-backed securitization (ABS) for aircraft management.

11.02.2019

SUEZ NWS announced a 49/51 joint venture with Zhuhai Huigang Urban Resources Development Co., Ltd to invest in, build and operate a wastewater treatment plant in the petrochemical park of the Zhuhai Gaolan Port Economic Zone for the next 50 years.

20.01.2019

Xiqu Centre, an iconic project in West Kowloon Cultural District built by Hip Hing Group, opened in January 2019.

Xiqu Centre, an iconic project in West Kowloon Cultural District constructed by Hip Hing Group, commenced operations.

28.12.2018

Kai Tak Sports Park Ltd. (KTSPL), held 75% by New World Development and 25% indirectly by NWS, was granted a contract for the design, construction and operation of Kai Tak Sports Park.

27.12.2018

NWS announced the acquisition of FTLife Insurance Company Limited for HK$21.5 billion.

14.12.2018

NWS acquired a 40% of Hunan Sui-Yue Expressway, expanding its road network to Hunan province, for a cash consideration of approximately RMB 470 million.

08.10.2018

NWS Holdings became the constituent stock in the Hang Seng Stock Connect Hong Kong Greater Bay Area Index, launched in October 2018.

21.08.2018

NWS entered into a conditional sale and purchase agreement with New World Development (“NWD”) to divest Hip Seng Group, the primary contractor and project manager for NWD, for a consideration of HK$168 million.

22.06.2018

Goshawk Aviation Limited (Goshawk) acquired all outstanding shares of Sky Aviation Leasing International Limited, an Ireland-based company. The acquisition boosted Goshawk’s fleet to 183 aircraft, valued at US$9.1 billion, establishing it as one of the top 10 aircraft lessors globally.

19.06.2018

NWS Holdings Charities Foundation donated HK$10 million to Hong Kong Shue Yan University to support the renovation of its campus.

21.03.2018

Gleneagles Hong Kong Hospital, a joint venture between Parkway Pantai and NWS Holdings,

Gleneagles Hong Kong Hospital, a joint venture between Parkway Pantai and NWS, held a grand opening ceremony officiated by The Honourable Mrs Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region.

11.01.2018

SUEZ NWS also signed a shareholder agreement with SE Environment Company Limited to establish the joint venture SE SUEZ Environmental Technology.

SUEZ NWS and SE Environment Company Limited entered into a shareholder agreement to establish the joint venture SE SUEZ Environmental Technology which operated the largest sludge recovery and treatment centre in Shenzhen for a 30-year contract, capable of processing up to 800 tonnes of sludge per day.

10.01.2018

The Group acquired 30% interest in Suiyuenan Expressway

NWS acquired a 30% interest in Suiyuenan Expressway for a cash consideration of approximately RMB1.1 billion, expanding its roads business to Hubei province in the Mainland. The expressway spans 98.06 km with dual two-lane roads.

02.01.2018

SUEZ NWS’ subsidiary Taizhou Sino French Sewage Treatment Co., Ltd. signed an asset transfer agreement with the Administration Committee of Taizhou New Energy Industrial Park, to provide quality wastewater treatment services for the entire park in the next 30 years under concession.

Taizhou Sino French Sewage Treatment Co., Ltd, a subsidiary of SUEZ NWS, entered into an asset transfer agreement with the Administration Committee of Taizhou New Energy Industrial Park, granting them a 30-year concession to provide quality wastewater treatment services for the entire park.

21.08.2017

SUEZ NWS Limited held the ground-breaking ceremony for the water treatment plant in Seac Pai Van, Maca

SUEZ NWS held the ground-breaking ceremony for the water treatment plant in Seac Pai Van, Macau. The project, with a daily water supply capacity of 130,000m³ , was expected to be completed in 2019.

07.06.2017

SUEZ NWS Limited entered into an agreement with China Aviation International Base Development Co., Ltd.,

SUEZ NWS entered into an agreement with China Aviation International Base Development Co., Ltd., to establish an electroplating wastewater treatment plant and provide related services to Xi'an Yanliang National Hi-Tech Aviation Industrial Base, with an investment of RMB 80 million.

31.03.2017

NWFF received the extension of licences to operate two inner harbour ferry routes and three outlying-island ferry routes.

New World First Ferry received a licence extension to operate two inner harbour ferry routes and three outlying-island ferry routes. The new licences for Mui Wo and inner harbour ferry routes were effective on 1 April, with the remaining two routes becoming effective from 1 July.

21.03.2017

Gleneagles Hong Kong Hospital located at Wong Chuk Hang, a joint venture between NWS Holdings and Parkway Pantai, opened.

10.03.2017

NWS and SUEZ announced the official launch of SUEZ NWS Limited (“SUEZ NWS”), an expansion of their partnership in the Mainland, focusing on water management, waste recycling and recovery, water infrastructure construction and consultancy services.

01.03.2017

The Shenyang New World EXPO, managed by NWS Holdings' subsidiary Shenyang New World EXPO (Management) Ltd., opened.

Shenyang New World EXPO, managed by Shenyang New World EXPO (Management) Ltd., a subsidiary of NWS, commenced operations.

01.02.2017

The concession rights of Tangjin Expressway (Tianjin North Section) was extended for a further 11 years to 2039.

The concession rights of Tangjin Expressway (Tianjin North Section) were extended for an additional 11 years until 2039.

15.12.2016

NWS and Chow Tai Fook Enterprises Limited established a 50/50 joint venture called Healthcare Assets Management Limited, with a primary focus on developing healthcare and clinical services in the Mainland and Hong Kong.

22.11.2016

NWS Holdings’ wholly-owned subsidiary, Anway Limited, won a competitive bid to continue its duty free concessions at the MTR Hung Hum, Lo Wu and Lok Ma Chau Stations until 2022.

Anway Limited, a wholly-owned subsidiary of NWS, secured Duty-Free concessions at the MTR Hung Hum, Lo Wu and Lok Ma Chau Stations until 2022 through a competitive bid process.

15.11.2016

NWS acquired the remaining 50% effective interest in Citybus Limited, New World First Bus Services Limited and New World First Ferry Services Limited from Chow Tai Fook Enterprises Limited, making them wholly-owned subsidiaries as of 30 December 2016.

02.11.2016

NWS restructured its joint venture, Sino-French Holdings (Hong Kong) Limited ("SFH"), in collaboration with its French partner SUEZ to expand its environmental businesses in the Mainland, Hong Kong, Macau and Taiwan. Following the agreement, NWS indirectly held 42% interests in SFH.

24.10.2016

NWS Holdings increased its stake in Goshawk Aviation Limited to 50% as part of its effort to expand commercial aircraft leasing business.

NWS increased its stake in Goshawk Aviation Limited to 50%, bolstering its commercial aircraft leasing business.

20.06.2016

A wholly-owned subsidiary of NWS sold its entire effective interest in NWS Kwai Chung Logistics Centre at an aggregate cash consideration of HK$3.75 billion.

01.06.2016

The new ten-year franchise for Citybus Franchise 1 (Hong Kong Island and Cross-Harbour bus network) took effect on 1 June.

The new ten-year franchise for Citybus Franchise 1, covering Hong Kong Island and Cross-Harbour bus network took effect.

01.05.2016

A sludge treatment and recycling plant of Sino French Water commenced operation

Sino French Water’s sludge treatment and recycling plant in Yangzhou commenced operations, providing services to 4.5 million households and industrial customers for a period of 30 years.

08.03.2016

Bauhinia Aviation Capital Limited, a joint venture was formed by NWS, Chow Tai Fook Enterprises and Aviation Capital Group Corp. to engage in the purchase, leasing and sea of commercial aircraft.

31.12.2015

The expansion of the Shenzhen-Huizhou Expressway (Huizhou Section) from dual two-lane to dual three-lane was completed.

01.12.2015

NWS invested in a 12.55% stake in Chongqing Derun Environment Co., Ltd., a Mainland-based environmental business platform with an investment value of RMB30 billion.

16.09.2015

NWS increased its stake in Xiamen Container Terminal Group Co., Ltd., to 20% by acquiring an additional 6.2% interest.

01.07.2015

Hip Hing Construction Company Limited was awarded a contract worth HK$4.33 billion by the Architectural Services Department for the design and construction of West Kowloon Government Offices in Yau Ma Tei.

02.02.2015

NWS entered the commercial aircraft leasing business by acquiring a 40% equity interest in Goshawk Aviation Limited for a total cash consideration of approximately US$223 million.

31.12.2014

The expansion of Tangjin Expressway (Tianjin North Section) from dual two-lane to dual three-lane was completed, enabling handling of up to 92,000 vehicles per day.

18.12.2014

Hip Hing Construction Company Limited was awarded a contract worth HK$2.2 billion to construct the Xiqu Centre in the West Kowloon Cultural District, the first major leisure and recreational facility in the District.

11.12.2014

NWS published its first standalone Sustainability Report.

07.11.2014

Sky Shilla Duty Free Limited, a joint venture of NWS, secured a five-year concession contract to operate a duty free concession at the Macau International Airport.

04.11.2014

Hip Hing Construction Company Limited was awarded a HK$1.2 billion contract for the Phase 2 Expansion of Cathay Pacific Catering Services Facility and a HK$1.9 billion contract for the construction of a hotel located at KIL No. 11205 in Kowloon.

16.05.2014

Sino-French Holdings (Hong Kong) Limited, a joint venture of NWS, entered into an agreement with Nam Kwong Development (H.K.) Limited to sell 90% of the issued share capital in Sino-French Energy Development Company Limited ("SFED") and the shareholder loan owed by SFED, for the aggregate cash consideration of US$612 million (equivalent to HK$4,755.24 million). SFED holds approximately 42.2% shareholding in Companhia de Electricidade de Macau – CEM, S.A. ("Macau Power"). This transaction resulted in a gain of HK$1.5 billion from the disposal of NWS approximately 17% effective interest in Macau Power.

01.04.2014

New World First Ferry received licenses extension from Transport Department for the operation of ferry services plying between Central and Mui Wo, between North Point and Hung Hom, together with North Point and Kowloon City with effect from 1 April. The routes of plying between Central and Cheung Chau, as well as Inter-islands (plying between Peng Chau, Mui Wo, Chi Ma Wan, and Cheung Chau) took effect from 1 July.

16.01.2014

Sino French Water, through its joint venture company, signed a contract with two partners in the Mainland to jointly operate the sludge drying project in Yangzhou under a new joint venture named Yangzhou Sino French Environment Company Limited.

10.01.2014

The groundbreaking ceremony of the Gleneagles Hong Kong Hospital took place.

20.12.2013

NWS acquired approximately 20.38% of the total issued H Shares in Beijing Capital International Airport Co., Ltd. (being approximately 8.84% of the total issued share capital of Beijing Capital International Airport Co., Ltd.) , becoming its second largest shareholder.

22.08.2013

Sino French Water, a joint venture of NWS, signed an agreement with Sichuan Dayi Water Company Limited to jointly operate the Chongzhou Dayi Wastewater Treatment Plant, which was dedicated to providing wastewater treatment services to over 600,000 inhabitants and industrial and commercial clients in Chongzhou City, Chengdu in the Mainland.

01.08.2013

The wastewater treatment plant in Wuhan Chemical Industry Park Water Treatment Project, with a total capacity of 50,000 m3/day, commenced operations.

25.06.2013

Sino French Water signed a 30-year contract with the Qingdao Dongjiakou Administration Committee to provide exclusive wastewater treatment services to the chemical industrial zone in the Qingdao Dongjiakou Economic Zone.

13.03.2013

NWS announced its partnership with Parkway Pantai Limited ("Parkway Pantai") to develop and operate a private hospital named Gleneagles Hong Kong Hospital. Parkway Pantai and NWS would contribute 60% and 40% respectively of the total investment of approximately HK$5 billion with the Li Ka Shing Faculty of Medicine of The University of Hong Kong as the clinical partner.

01.10.2012

Sino French Water Development Company Limited, a joint venture of NWS, acquired a 65% equity in Shuangliu Dayi Environmental Technology Company Limited.

07.05.2012

Sino French Water Development Company Limited ("SFWD"), a joint venture of NWS, entered into a 30-year contract to offer exclusive water treatment services to Wuhan Chemical Industry Park ("WCIP"), cementing SFWD’s role as the sole provider of integrated water and wastewater services to clients within WCIP.

01.04.2012

NWFB and Citybus were granted two 10-year franchises for the Airport and North Lantau Bus Network by the Hong Kong government.

06.02.2012

NWS Kwai Chung Logistics Centre, with a leasable area of 920,000 sq. ft, held its opening ceremony.

06.01.2012

NWS completed the acquisition of an aggregate of 95% effective interest in Hangzhou Ring Road for a total consideration of approximately US$1.1 billion.

10.11.2011

NWS announced that Wuhan Sino French Waste Water Treatment Co. Ltd., a joint venture with Wuhan Chemical Industry Park, Degremont Water Treatment Systems (Beijing) Co., Ltd. and Shanghai Chemical Industry Park, was established through its joint venture Sino French Water Development Company Limited. The effective interest of NWS is 21.5%.

08.09.2011

Xiamen Haicang Xinhaida Container Terminals Co., Ltd commenced operations with an annual handling capacity of one million TEUs.

01.09.2011

NWS Holdings became a constituent stock of the Hang Sang Corporate Sustainability Benchmark Index.

11.08.2011

New World First Holdings Limited, jointly owned by NWS and Chow Tai Fook Enterprises Limited, sold all shares in New World First Ferry Services (Macau) Limited to Shun Tak – China Travel Shipping Investments Limited for approximately HK$350 million.

04.07.2011

Newton Resources Ltd (stock code: 1231), with NWS as the major shareholder, was listed on the Main Board of The Stock Exchange of Hong Kong Limited.

13.06.2011

NWS acquired approximately 21.55% effective interest in Hangzhou Ring Road in Zhejiang Province from Widefaith Group Limited for a consideration of approximately HK$1.769 billion.

15.04.2011

Jiangsu province's first sludge drying unit, a joint project by Sino French Water Development Company Limited, marked the official opening.

17.03.2011

NWS acquired interest in three water projects in Jiangsu province through its joint venture entity with an attributed total investment amount of approximately RMB300 million. The three water projects, namely Nanjing Golden State Chengbei Waste Water Treatment Plant, Taizhou Golden State Water Plant and Taizhou Golden Harbor Water Plant, were already in operation with a concession period of 30 years.

31.12.2010

Guangzhou Dongxin Expressway, in which NWS holds 40.8% equity interest, was officially opened to traffic.

03.11.2010

The Macao SAR and Companhia de Electricidade de Macau - CEM, S.A. signed a 15-year contract extension for power supply with effective on 1 December 2010.

11.06.2010

NWS disposed of certain subsidiary companies engaged in service businesses to Fung Seng Enterprises Limited for a total consideration of HK$888.5 million.

01.06.2010

NWS acquired an additional 8% equity interest in China United International Rail Containers Co., Limited ("CUIRC") for a consideration of approximately HK$350 million, increasing its total interest to 30% in CUIRC.

01.05.2010

Sino French Water Development Company Limited, together with Chongqing Water Group and Changshou Chemical Industrial Park Development and Construction Company Ltd., secured a new 50-year concession for industrial water services in Chongqing Changshou Chemical Industrial Park through a new joint venture. NWS holds an effective shareholding of 25.52%.

01.04.2010

Sino French Water Development Company Limited was awarded an Operation and Maintenance contract for two wastewater treatment plants on Changxing Island in Dalian.

29.03.2010

Chongqing Water Group, a strategic partner of Sino French Water Development Company Limited, was listed on Shanghai Stock Exchange, which was Chongqing’s first key state-owned enterprise to obtain a listing in A shares on the Shanghai stock market.

30.11.2009

Macao Water Supply Company Limited and the Macao Special Administrative Region signed a new concession contract for tap water supply services in Macau.

01.10.2009

NWS re-classified its business segments into Infrastructure (Roads, Energy, Water and Ports & Logistics) and Services (Facilities Management, Contracting & Transport and Financial Services) divisions.

23.04.2009

The Hong Kong Convention and Exhibition Centre completed its expansion, increasing exhibition space to 66,000 sq m and the total rentable function space to over 91,500 sq. m.

01.03.2009

Sino French Water Development Company Limited ("SFWD") and Earth Tech completed an equity transfer for a water supply joint venture in Tianjin. Tianjin Sino French Jieyuan Water Co., Ltd., was established, with SFWD and Tianjin Water Works Group as partners. The equity transfer amounted to an investment of RMB117 million.

26.09.2008

The Main Storage Reservoir Water Treatment Plant II of Macao Water Supply Co. Ltd. was officially opened

30.04.2008

NWS acquired a stake in Chongqing Water Group ("CWG"), and signed strategic cooperation and share purchase agreement with CWG, becoming its strategic investment partner

31.01.2008

NWS signed an agreement with Huizhou Government to develop and operate the Conghua-Dongguan Expressway (Huizhou Section), with a 15% equity interest.

30.11.2007

NWS was officially included in the list of MSCI Global Standard Indices.

26.11.2007

NWS signed a strategic cooperation agreement with Xiamen Municipal Government and CMA CGM S.A. to develop Haicang Port in Xiamen.

01.10.2007

NWS reclassified the businesses of Service & Rental division into four different segments: Facilities Rental, Contracting, Financial Services and Other Services.

24.07.2007

NWS further acquired an interest in Guangzhou Dongxin Expressway, increasing its ownershp to 40.8%.

01.02.2007

NWS Charities Foundation was launched with an initial contribution of HK$5 million, aiming to support social services and community engagement.

01.01.2007

Chongqing Tangjiatuo Waste Water Plant, a joint venture with Sino-French (Hong Kong) Holdings Limited holding a 50% stake, commenced operation.

12.12.2006

NWS entered the water treatment market in Changshu district, Jiangsu Province through a joint venture. The joint venture obtained a 30-year water management concession to operate a water supply plant in Changshu district.

12.12.2006

Guangzhou New World Bus Services Limited ("GZNWB") was established as a joint venture of New World First Bus Services (China) Limited and The Second Bus Company of Guangzhou ("SBCG"). New World Group holds 60.63% stakes of GZNWB, the joint venture period is 30 years.

01.11.2006

Macao Water Supply Co. Ltd. signed a turn-key contract for the construction of Main Storage Reservoir II.

23.09.2006

NWS signed a joint venture agreement with China Railway Container Transport Corp. Ltd., a subsidiary of the Ministry of Railways, and other parties to establish China United International Rail Containers Co., Limited. The joint venture aimed to develop and manage 18 large-scale pivotal rail container terminals in 18 majors cities in the Mainland

28.06.2006

NWS entered the exhibition centre management industry in the Mainland through a joint venture to manage Zhengzhou International Convention and Exhibition Centre.

28.06.2006

Sky Connection’s Free Duty shops won a five-year duty free concession to operate four shops at Lok Ma Chau Spur Line of the Kowloon-Canton Railway. The new shops commenced operation in 2007.

01.12.2005

Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Northern Section) commenced operation.

01.11.2005

Tianjin Five Continents International Container Terminal commenced operation.

01.03.2005

NWS streamlined its previous Service, Infrastructure and Ports businesses into two divisions: Infrastructure (Energy, Roads, Water and Ports) and Service & Rental (Facilities Rental, Contracting and Transport etc. ) following the disposal of interests in Container Terminal No. 3 and No. 8 West.

14.12.2004

Merryhill Group Limited was renamed as NWS Transport Services Limited to better represent the business focus of the Transport portfolio.

27.10.2004

Hip Hing Construction China Co Ltd acquired a 10% stake in the China Construction Third Engineering Bureau Co Ltd which held the Super Grade qualification certificate for unrestricted project contracts throughout the Mainland.

29.04.2004

NWS expanded its water treatment business into Tianjin's Tanggu district.

01.04.2004

Hip Hing Construction (China) Company Limited and NWS Engineering Limited established wholly owned construction enterprises in Beijing, receiving Wholly Foreign Owned Enterprise certificates for projects undertakings across the Mainland

09.03.2004

NWS and Chow Tai Fook Enterprises Limited formed a 50/50 comprehensive transport service provider under Merryhill Group Limited, integrating their diversified transport-related businesses

01.01.2004

NWS entered the water treatment market in Hainan through a joint venture, holding a 25% stake in a 30-year water management concession with a total investment of RMB320 million.

01.01.2004

Kunming New World First Bus Services Limited commenced operations in Kunming, operating approximately 700 buses and 39 routes.

29.12.2003

Hip Hing Construction (China) Co Ltd acquired a 10% stake in the China Construction Third Engineering Bureau Co Ltd.

01.11.2003

Sky Connection Limited, the operator of duty-free tobacco and liquor at Free Duty shops in the Hong Kong International Airport and the ferry terminals in China Hong Kong City and Shun Tak Centre, became a wholly owned subsidiary of NWS

01.08.2003

Kunming New World First Bus Services Limited, a joint venture between New World First Bus Services (China) Limited ("NWFB (China)") and Kunming Bus General Company, was formed to operate public bus service in Kunming, Yunnan. NWFB (China) had a 51% stake in the joint venture with a contract period of 30 years.

01.06.2003

Chow Tai Fook Enterprises Limited acquired SGC (HK Group) Limited, the holding company of Citybus Limited.

07.02.2003

Consolidated shares under newly named NWS Holdings Limited began trading on The Stock Exchange of Hong Kong Limited.

01.02.2003

New World Insurance Services Limited received approval from the China Insurance Regulatory Commission to acquire a 10% share in Guangzhou Da Cheng Insurance Brokers Limited (also known as Success Insurance Services Limited) to become one of the first foreign companies to invest in Mainland China's insurance brokers.

03.01.2003

The reorganization of New World Group was completed. NWS Holdings Limited, after changing its name from Pacific Ports Company Limited, became the Group's service flagship with diversified operations in service, infrastructure and ports in Hong Kong, Macau and Mainland China.

01.01.2003

Secretaries Limited joined several share registration and business support service providers, operating under the brand name of Tricor Holdings Limited.

01.01.2003

Xiamen Xiang Yu Quay Co., Ltd. (currently Xiamen New World Xiangyu Terminals Co., Ltd.) merged with Xiamen Xiangyu Free Trade Zone Huijian Quay Co., Limited. and Xiamen Xiangyu Free Port Developing Co., Limited to form a 50-year joint venture with a total project investment of RMB1.15 billion.

01.11.2002

Chongqing Water Plant commenced operation.

01.10.2002

The proposed New World Group reorganization was announced, by which NWS Holdings Limited (formerly known as Pacific Ports Company Limited) would acquire New World Services Limited from New World Development Company Limited and traditional infrastructure assets from New World Infrastructure Limited.

02.08.2002

Qingdao Water Plant commenced operation.

01.08.2002

A JV contract for Chongqing Water Plant was signed.

03.06.2002

A contract for the acquisition of Dalian Container Terminal Company Limited was signed.

02.06.2002

Xiamen Xiangyu Free Trade Zone Huijian Quay Company Limited commenced trial operation.

01.06.2002

A merger agreement was signed between Xiamen Xiang Yu Quay Co., Ltd., Xiamen Xiangyu Free Trade Zone Huijian Quay Co., Limited and Xiamen Xiangyu Free Port Developing Co., Limited.

02.05.2002

The Group increased shareholding in Wai Kee Holdings Limited to 25%.

01.05.2002

A JV contract for Qingdao Water Plant was signed.

01.05.2002

The Group increased shareholding in Kentfull Contracting Limited and New Waly Interior Products Limited to 70%, respectively.

01.04.2002

Panjin Water Plant commenced operation.

01.03.2002

Xinchang Water Plant commenced operation.

03.01.2002

A JV contract for Shanghai SCIP Waste Water Plant was signed.

01.01.2002

ATL Logistics Centre Yantian Limited commenced operation.

01.01.2002

The first unit of Macau Power's new Coloane B Power Station started commercial production.

01.01.2002

The Group increased shareholding in Secretaries Limited to 23%.

01.12.2001

JV contracts for Panjin Water Plant and Xinchang Water Plant were signed.

02.09.2001

Acquired Ngo Kee Construction Company Limited.

01.09.2001

Roadway No.1906 (Qingcheng) commenced operation.

01.09.2001

Lucking (Asia) Engineering Company Limited was renamed Millennium Engineering Limited.

01.08.2001

Zhengzhou Water Plant commenced operation.

01.07.2001

Toll rate increase for Roadway No.1959 (Qingxin Section) was approved.

01.07.2001

Increased shareholding in Kwoon Chung Bus Holdings Limited to 29.98%.

01.06.2001

A JV contract for Shanghai Spark Water Plant was signed.

01.04.2001

A contract for ATL Logistics Centre Yantian Limited was signed.

01.01.2001

Tangjin Expressway (Tianjin North Section) Section II commenced operation.

01.12.2000

Changtu Water Plant commenced operation.

02.10.2000

Sino-French invested in Zhengzhou Water Plant.

01.10.2000

Hui-Ao Roadway Hui-Ao Section commenced operation.

04.09.2000

Acquired New World Insurance Services Limited.

03.09.2000

Acquired a 20% stake in Tai Fook Securities Group Limited.

02.09.2000

Acquired a 99% stake in CiF Solutions Limited.

01.09.2000

Siping Water Plant commenced operation.

01.09.2000

Acquired a 20% stake in Secretaries Limited.

01.08.2000

Taiyuan-Changzhi Roadway (Changzhi Section) commenced operation.

01.07.2000

Roadway 309 (Changzhi Section) and Shanxi Taiyuan-Gujiao Roadway (Taiyuan Section) commenced operation.

02.06.2000

A JV contract for Siping Water Plant was signed.

01.06.2000

Acquired a 16.54% stake in Wai Kee Holdings Limited.

01.06.2000

Baoding Water Plant commenced operation.

01.05.2000

Acquired the remaining 26% stake in New World First Bus Services Limited.

01.03.2000

A JV contract for Baoding Water Plant was signed.

01.12.1999

Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Section) Phase I Section II commenced operation.

02.11.1999

Set up New World First Ferry Services Limited and purchased 14 ferry vessels, a depot at Cheung Sha Wan, together with the operation rights of 8 ferry routes from The Hong Kong Ferry (Holdings) Company Limited and The Hongkong and Yaumati Ferry Company Limited.

01.11.1999

New World First Bus Services Limited started bus services in Tseung Kwan O.

01.10.1999

Became the second largest cleaning enterprise in Hong Kong after acquiring Wai Hong Cleaning & Pest Control Company Limited.

01.08.1999

Acquired a 19.85% stake in Kwoon Chung Bus Holdings Limited.

01.05.1999

Zhaoqing Deqing Xijiang Bridge and Roadway No. 1958 (Deqing Section) commenced operation.

01.04.1999

Shanxi Taiyuan to Gujiao Roadway (Gujiao Section) commenced operation.

01.03.1999

A JV contract for Changtu Water Plant was signed.

02.01.1999

Xiamen Xinyuan Container Terminal Co., Ltd. commenced operation.

01.01.1999

Tangjin Expressway (Tianjin North Section) Section I, Cangwu County Roadway, Yulin Shinan to Dajiangkou Roadway Phase II commenced operation.

01.01.1999

CSX Orient (Tianjin) Container Terminals Co., Limited commenced operation.

01.12.1998

A contract for Asia Container Terminals Limited was signed.

01.12.1998

Roadway No.321 (Wuzhou Section) Phase II and Tianjin Yonghe Bridge commenced operation.

01.11.1998

Roadway No. 1959 (Qingxin Section) commenced operation.

02.10.1998

Expanded into the curtain wall business by forming a new joint venture company, Lucking (Asia) Engineering Company Limited.

01.07.1998

JV contracts for Tianjin Yonghe Bridge, Roadway No. 321 (Gaoyao Section) and Roadway No. 1962 (Gaoyao Section) were signed.

01.06.1998

JV contracts for Taiyuan to Changzhi Roadway(Changzhi Section) and Roadway No.309 (Changzhi Section) were signed.

02.05.1998

A JV contract for Roadway No. 1958 (Deqing Section) was signed.

01.05.1998

Phase II of Rongxian Roadways, Yulin to Shinan Roadway and Phase II of Beiliu City Roadways commenced operation.

01.04.1998

Roadway No.1962 (Guangning Section), Zhongshan Dafeng Water Plant and Zhongshan Quanlu Water Plant commenced operation.

02.03.1998

JV contracts for Shanxi Taiyuan to Gujiao Roadway (Taiyuan Section), and Shanxi Taiyuan to Gujiao Roadway (Gujiao Section) were signed.

01.03.1998

The last unit of Sichuan Qianwei Dali Power Plant commenced operation.

01.03.1998

Formed New World First Bus Services Limited with the franchise of 88 island routes, and commenced operation on 1 September 1998.

03.01.1998

A contract for Xiamen Xinyuan Container Terminal Co., Ltd. was signed.

02.01.1998

Xiamen New World Xiangyu Warehouse & Processing Zone Limited commenced operation.

02.01.1998

JV contracts for Zhongshan Dafeng Water Plant and Zhongshan Quanlu Water were signed.

01.01.1998

Suzhou Huisu International Container Freight Wharfs Co., Ltd. commenced trucking operation.

01.01.1998

Roadway No.1969 (Gaoyao Section) commenced operation.

01.12.1997

Shenzhen-Huizhou Roadway (Huizhou Section) commenced operation.

01.11.1997

Acquired 50% interest in Sino-French Holdings (Hong Kong) Limited (Its key projects included Macau Power and Macao Water Plant).

02.10.1997

JV contracts for Tangjin Expressway (Tianjin North Section) and Sichuan Qianwei Dali Power Plant were signed.

01.10.1997

Phase I of Rongxian Roadways commenced operation.

02.09.1997

JV contracts for Rongxian Roadways, and Roadway No. 1906 (Qingcheng Section) were signed.

01.09.1997

Shuangjin Roadway (Gaoyao Section) commenced operation.

02.08.1997

JV contracts for Roadway No. 1959 (Qingxin Section), Shuangjin Roadway (Gaoyao Section), Beiliu City Roadways and Cangwu County Roadway were signed.

01.08.1997

Phase I of Yulin Shinan to Dajiangkou and Phase I of Beiliu City Roadways Roadway commenced operation.

01.06.1997

New World Services Limited amalgamated and restructured all service-related businesses of New World Development Company Limited, including Hip Hing Construction Company Limited, Hong Kong Convention and Exhibition Centre (Management) Limited, Young's Engineering Company Limited, Tridant Engineering Company Limited, Urban Property Management Limited and General Security (HK) Limited.

03.05.1997

JV contracts for Yulin to Shinan Roadway, Yulin Shinan to Dajiangkou Roadway, and Yulin Shinan to Guigang Roadway were signed.

02.05.1997

Zhujiang Power Station Phase II (Unit 2) commenced operation.

01.05.1997

Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Section) Phase I Section I commenced operation.

01.04.1997

New World Services Limited was incorporated in the Cayman Islands to manage the service subsidiaries of New World Development Company Limited.

01.04.1997

Xiamen Xiang Yu Quay Co., Ltd. commenced operation.

01.03.1997

Phase I of Roadway No. 321 (Wuzhou Section) commenced operation.

01.02.1997

United Asia Terminals (Yantian) Limited commenced operation.

02.01.1997

A contract for CSX Orient (Tianjin) Container Terminals Co., Limited was signed.

01.01.1997

JV contracts for Shunde De Sheng Power Plant and Roadway No. 321 (Wuzhou Section) were signed.

01.01.1997

A contract for United Asia Terminals (Yantian) Limited was signed.

01.06.1995

A contract for Suzhou Huisu International Container Freight Wharfs Co., Ltd. and Xiamen Xiangyu Free Trade Zone Huijian Quay Co., Limited was signed.

01.01.1995

Articles of Association for Xiamen New World Xiangyu Warehouse & Processing Zone Limited were signed.

01.11.1994

Phase V of ATL Logistics Centre Hong Kong Limited commenced operation.

01.01.1994

Phase IV of ATL Logistics Centre Hong Kong Limited commenced operation.

01.08.1992

A contract for Xiamen Xiang Yu Quay Co., Ltd. was signed.

01.02.1992

Phase III of ATL Logistics Centre Hong Kong Limited commenced operation.

01.06.1991

A contract for CSX World Terminals Hong Kong Limited was signed.

01.03.1988

Phase II of ATL Logistics Centre Hong Kong Limited commenced operation.

01.02.1987

Phase I of ATL Logistics Centre Hong Kong Limited commenced operation.

01.10.1985

A contract for ATL Logistics Centre Hong Kong Limited was signed.