CK ASSET HOLDINGS LTD

Overview

CK Asset Holdings Limited is a Hong Kong-listed multinational property and investment group, following the 2015 strategic reorganisation of Cheung Kong (Holdings) Limited. Its businesses span property development and investment, hotels and serviced suites, property and project management, pubs, and infrastructure and utility operations. The company describes its vision as inspiring societal improvement and contributing to a brighter future.[1]

The Group operates in Hong Kong, Mainland China and international markets including the United Kingdom, Singapore, continental Europe, Australia, Canada and the United States. It reported revenue of HK$85.8 billion for 2025; its major revenue activities included infrastructure and utility operations, pubs and property sales.[2]+2 [1]+3

Products & services

CK Asset Holdings’ products and services include property development and sales, leasing, hotel and serviced-suite operations, and property and project management. In 1H 2026, property sales generated HK$21,618 million in revenue and HK$765 million in profit contribution—about 39.7% of principal-activity revenue. Its rental portfolio totalled 24.0 million sq. ft. across retail, office, industrial, social-infrastructure and other properties; rental revenue was HK$3,027 million and profit contribution was HK$2,377 million.[5]+2 Hotel and serviced-suite brands include Harbour Grand Hotels, Harbour Plaza Hotels, FAMITEL Suites, Sheraton Hong Kong Hotel and Hotel Alexandra; average occupancy was around 90% in 1H 2026. The group also provides property and project management services.[8]+2

Its pub, restaurant and beer businesses comprise Pub Company, which operates food- and drink-led destination pubs and community locals; Pub Partners, which owns mainly drink-led franchised or leased pubs; and Brewing & Brands, which sells and distributes beer, including ales brewed in its own breweries. Together, pub operations recorded HK$13,014 million in 1H 2026 revenue and HK$719 million in profit contribution.[10]+4

Infrastructure and utility services include energy-utility ownership and operations, electricity distribution through UK Power Networks, regulated water and sewerage through Northumbrian Water, gas distribution through Wales & West Utilities, Dutch energy-from-waste, energy management through ista, and Canadian building-equipment and home-comfort services through Reliance Home Comfort.[14] [5]+9

Geographic presence

CK Asset Holdings’ geographic footprint spans Hong Kong, Mainland China and overseas markets, with the UK identified as a key rental market. At the end of 2025, its investor-property portfolio totalled 22.4 million sq. ft.: 13.1 million in Hong Kong, 4.5 million in Mainland China and 4.8 million overseas.[15][16]

Property-sales revenue was reported across Hong Kong, Mainland China and overseas regions. In FY2025, the regional figures were HK$8,957 million, HK$6,306 million and HK$5,186 million, respectively. For the six months ended 30 June 2026, reported property-sales revenue was HK$20,671 million in Hong Kong, HK$455 million in Mainland China, HK$300 million in the UK and HK$192 million in other regions.[17][18] The 1H2026 geographic breakdown of profit contribution included Hong Kong (35.3%), the UK (33.8%), Germany (8.8%), Australia (8.0%), Canada and the US (7.8%), other European countries (4.8%), Mainland China (1.6%) and other overseas markets (0.1%).[18]

Hong Kong properties are located in districts including Central, Hung Hom, Aberdeen, Tsuen Wan and Kwai Chung. The company’s Hong Kong head office and principal place of business is at Cheung Kong Center, 2 Queen’s Road Central; its registered office is in Grand Cayman. The reviewed sources do not provide an employee distribution by geography.[19]+2 [15]+6

Business segments

CK Asset Holdings reports revenue by principal activities; these are the company’s activity categories rather than a separately stated list of IFRS 8 reportable segments. In FY2025, revenue including joint-venture revenue was HK$85,848 million. The largest activity was infrastructure and utility asset operation, HK$27,588 million (about 32.1%); followed by pub operation, HK$26,227 million (30.5%); property sales, HK$20,449 million (23.8%); property rental, HK$6,020 million (7.0%); hotel and serviced suite operation, HK$4,654 million (5.4%); and property and project management, HK$910 million (1.1%).[2]

The activity descriptions cover residential property development and sales; leasing investment properties, including retail, office, industrial and social-infrastructure assets; hotel and serviced-suite operations; and property and project management.[22]+3 Infrastructure and utility operations include regulated utilities and contracted infrastructure.[24] Pub operation comprises Pub Company (destination and community pubs/restaurants), Pub Partners (mainly franchised or leased pubs), and Brewing & Brands (beer production, sales and distribution).[25]

The latest interim reporting, for the six months ended 30 June 2026, retains the same activity categories. Revenue mix was property sales HK$21,618 million (39.7%), infrastructure and utility asset operation HK$14,023 million (25.8%), pub operation HK$13,014 million (23.9%), property rental HK$3,027 million (5.6%), hotel and serviced suite operation HK$2,329 million (4.3%), and property and project management HK$453 million (0.8%), on total revenue of HK$54,464 million including joint-venture revenue.[26] [2]+18

Company history

CK Asset’s roots date to 1950, when Li Ka-shing established Cheung Kong Industries as a plastics manufacturer; the business later moved into property, and Cheung Kong was listed in Hong Kong in 1972.[27] In 2015, a reorganisation of the Cheung Kong and Hutchison groups’ property businesses led to the listing of Cheung Kong Property Holdings on 3 June.[28]

The company adopted the name CK Asset Holdings Limited in August 2017.[29] In May 2018, Victor T. K. Li became Chairman and Managing Director, succeeding Li Ka-shing, who became Senior Advisor. That year, CK Asset sold The Center in Hong Kong and acquired the 5 Broadgate office complex in London.[30]

In 2019, CK Asset completed its acquisition of Greene King, the UK pub retailer and brewer.[31] In 2024, the company completed Cheung Kong Center II, an office tower developed on the former Hutchison House site in Hong Kong’s Central district.[32] [S1][S2][S3][S4][S5][https://www.ckah.com/senior-advisor][https://www.ckah.com/sites/default/files/2023-07/753_e_content.pdf][https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0514/2020051401765.pdf][https://www.ckah.com/sites/default/files/2023-07/1014_e_content.pdf][https://www.ckah.com/sites/default/files/2023-07/1066_e_content.pdf][https://www.ckah.com/hong-kong-properties/completed-developments/1801]

Sources

• CK ASSET HOLDINGS LTD — Full financial report (2025 Y)
  8 citations

  [1][2][3][16][22][23][24][25]
• www.ckah.com[4]
• CK ASSET HOLDINGS LTD — Presentation (2026 H 1)
  11 citations

  [5][6][7][10][11][12][13][14][18][19][20]
• CK ASSET HOLDINGS LTD — Full financial report (2026 H 1)
  3 citations

  [8][9][26]
• CK ASSET HOLDINGS LTD — Presentation (2025 Y)[15][17]
• www.ckah.com[21]
• www.ckah.com[27]
• www.ckah.com[28]
• www1.hkexnews.hk[29]
• www.ckah.com[30]
• www.ckah.com[31]
• www.ckah.com[32]