Hopewell Holding is a holding company for investments in infrastructure projects, property letting, property agency and management, hotel operations and management, restaurant operation and food catering, construction and project management.
It holds 68 percent of Hopewell Highway Infrastructure Ltd, which is spun off by Hopewell Holdings and listed on the Hong Kong Stock Exchange in early August, 2003.
As one of the founders of Hopewell Holdings, Wu has been the managing director since 1972. He retired as the managing director of Hopewell Holdings in January 2002 but remains as chairman of the board.
Hopewell's businesses
Infrastructure
Hopewell is participating in the investment of five toll road projects with a total length of 360 kilometres (220 mi), all of which are in the Pearl River Delta region of Guangdong Province in mainland China. Four toll road projects are in operation while construction of the 15 km (9.3 mi) Phase I of the Guangzhou-Zhuhai West Superhighway (Guangzhou to Shunde section) commenced in December 2001. All of the projects are in the form of co-operative joint ventures between Hopewell and Chinese partners.
Hopewell was the lead contractor for the ill-fated Bangkok Elevated Road and Train System. The project commenced in 1990 and was terminated by the Thai government in 1998, only 13% complete. Each side blamed the other for the failure of the project. Both parties sued, and the case has been in litigation since its cancellation. On 23 April 2019, Thailand's Supreme Administrative Court upheld an arbitration committee's ruling in favour of Hopewell, contractor for the 80 billion baht project. The court ordered SRT to pay Hopewell compensation of 11.88 billion baht, plus 7.5% interest per year. The interest, totaling 13 billion baht, brings the total to nearly 25 billion baht (c. US$400 million), payable within 180 days.[3] Thailand's Transport Ministry is battling to overturn the court ruling. "We have found the contract should have been nullified from the very beginning, which means the government is not bound to pay a single baht in compensation," said a ministry spokesman.[4]
^"Hopewell and the lemon discount". webb-site. 22 March 2019. Retrieved 22 March 2019.
^Limsamarnphun, Nophakhun (2019-04-27). "SRT faces hefty bill in Hopewell case". The Nation. Retrieved 2019-04-27.
^Hongtong, Thodsapol (28 October 2019). "New legal bid to stop Hopewell payout". Bangkok Post. Retrieved 28 October 2019.
External links
Wikimedia Commons has media related to Hopewell Holdings.
(in English)
(in Chinese)
January 25, 2023
hopewell, holdings, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, april, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Hopewell Holdings news newspapers books scholar JSTOR April 2019 Learn how and when to remove this template message Hopewell Holdings Limited Chinese 合和實業有限公司 established on 17 October 1972 is a major property developer in Hong Kong headed by Sir Gordon Wu 1 Hopewell Holdings LimitedTypePublicTraded asSEHK 54Founded1972HeadquartersHong KongKey peopleGordon WuSubsidiariesHopewell China Development Superhighway LimitedHeadquarter of Hopewell Holdings Contents 1 History 2 Hopewell s businesses 2 1 Infrastructure 3 Thailand litigation 4 See also 5 References 6 External linksHistory EditIt was listed on the Hong Kong stock exchanges in 1972 and delisted when taken private in 2019 2 Hopewell Holding is a holding company for investments in infrastructure projects property letting property agency and management hotel operations and management restaurant operation and food catering construction and project management Its primary businesses are in Guangdong province of People s Republic of China and Hong Kong It was one of the first foreign companies to invest in infrastructure projects in China and a pioneer of infrastructure developments across Asia including the failed Bangkok Elevated Road and Train System BERTS project in Bangkok It holds 68 percent of Hopewell Highway Infrastructure Ltd which is spun off by Hopewell Holdings and listed on the Hong Kong Stock Exchange in early August 2003 As one of the founders of Hopewell Holdings Wu has been the managing director since 1972 He retired as the managing director of Hopewell Holdings in January 2002 but remains as chairman of the board Hopewell s businesses EditInfrastructure Edit Hopewell is participating in the investment of five toll road projects with a total length of 360 kilometres 220 mi all of which are in the Pearl River Delta region of Guangdong Province in mainland China Four toll road projects are in operation while construction of the 15 km 9 3 mi Phase I of the Guangzhou Zhuhai West Superhighway Guangzhou to Shunde section commenced in December 2001 All of the projects are in the form of co operative joint ventures between Hopewell and Chinese partners Guangzhou Shenzhen Superhighway Guangshen Expressway Guangzhou East South West Ring Road Shunde Roads Shunde 105 Roads Guangzhou Zhuhai West SuperhighwayThailand litigation EditHopewell was the lead contractor for the ill fated Bangkok Elevated Road and Train System The project commenced in 1990 and was terminated by the Thai government in 1998 only 13 complete Each side blamed the other for the failure of the project Both parties sued and the case has been in litigation since its cancellation On 23 April 2019 Thailand s Supreme Administrative Court upheld an arbitration committee s ruling in favour of Hopewell contractor for the 80 billion baht project The court ordered SRT to pay Hopewell compensation of 11 88 billion baht plus 7 5 interest per year The interest totaling 13 billion baht brings the total to nearly 25 billion baht c US 400 million payable within 180 days 3 Thailand s Transport Ministry is battling to overturn the court ruling We have found the contract should have been nullified from the very beginning which means the government is not bound to pay a single baht in compensation said a ministry spokesman 4 See also EditList of Hong Kong companies Nam Koo TerraceReferences Edit Bloomberg page on Hopewells 2018 05 19 Hopewell and the lemon discount webb site 22 March 2019 Retrieved 22 March 2019 Limsamarnphun Nophakhun 2019 04 27 SRT faces hefty bill in Hopewell case The Nation Retrieved 2019 04 27 Hongtong Thodsapol 28 October 2019 New legal bid to stop Hopewell payout Bangkok Post Retrieved 28 October 2019 External links Edit Wikimedia Commons has media related to Hopewell Holdings Hopewell Holdings homepage in English Hopewell Holdings homepage in Chinese Retrieved from https en wikipedia org w index php title Hopewell Holdings amp oldid 1111687899, wikipedia, wiki, book, books, library,
