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Hutchison's investments in energy and infrastructure are
mainly in Asia, Australia, North America and the United
Kingdom.
In April 2004, Cheung
Kong Infrastructure Holdings Limited (CKI) announced
its first venture into water assets in the UK by acquiring
Cambridge Water in South Cambridgeshire. Cambridge Water
possesses an integrated distribution system that includes
seven service reservoirs, 10 water towers and 2,200
kilometres of water mains, supplying a population of
approximately 300,000 in an area that spans more than
453 square miles.
In June 2005, HWL, CKI and Power
Assets Holdings Limited (Power Assets) (formerly
Hongkong Electric Holdings Ltd) completed acquisition
of Northern Gas Networks Limited that owns the North
of England Gas Distribution Network (NEG) in the United
Kingdom. NEG is one of the eight major gas distribution
networks in the UK. Its network extends south from the
Scottish border to South Yorkshire, containing a mixture
of large cities (Newcastle, Middlesborough, Leeds and
Bradford) and a significant rural area including North
Yorkshire and Cumbria. It comprises approximately 37,000
kilometres of distribution gas mains, serving a total
population of 6.7 million. In December 2007, CKI acquired
a 4.75 per cent interest in Southern Water Group, a
regulated water and sewage company in the UK. In May
2010, CKI and Power Assets acquired 50 per cent interests
in Seabank Power Limited, which owns and operates a
1,140MW gas-fired combined cycle power plant near Bristol
in the United Kingdom. In October 2010, CKI and Power
Assets also acquired an 80 per cent interest in UK Power
Networks Limited which provide nearly a quarter of the
electricity in the United Kingdom and is one of the
country’s largest electricity distributors.
In May 2006, Hutchison
China MediTech Limited (Chi-Med), is a subsidiary
of HWL. Chi-Med, the holding company of a pharmaceutical
and healthcare group based primarily in Mainland China,
is listed on the Alternative Investment Market of The
London Stock Exchange Plc (stock code: HCM). Chi-Med
focuses on researching, developing, manufacturing and
selling pharmaceuticals and health oriented consumer
products through three core operating divisions: 1)
China Healthcare Division – three companies involved
in the manufacture and distribution of prescription
and over-the-counter drugs and infant nutritional products
through its own network of over 2,600 sales people nationwide
in China; 2) Drug R&D Division – one of China’s
leading biotech companies with over 230 scientists and
staff in Shanghai focused on developing cancer and autoimmune
disease drugs for the global market, and 3) Consumer
Products Division – two companies manufacturing
and selling natural, organic, and botanical based food
and personal care products primarily in Hong Kong and
China.
Hutchison's finance and investment income is derived
from a substantial pool of cash, managed funds and listed
investments.
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