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hk electric investments -ss (2638) Snapshot

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hk electric investments -ss (2638) Details

HK Electric Investments Limited, a vertically integrated power utility, generates, transmits, and distributes electricity in Hong Kong Island and Lamma Island. As of September 30, 2013, the company operated five oil-fired power stations, eight coal-fired units, two gas-fired combined cycle units, one wind turbine, and a cluster of thin film photovoltaic systems in the Lamma Power Station with an aggregate installed capacity of approximately 3,737 megawatts. Its transmission system consists of 275 kilovolts and 132 kilovolts switching stations and transmission lines; and distribution network comprises 22 kilovolts, 11 kilovolts, and 380/220 volts distribution substations and circuits. The company’s transmission and distribution networks also include dedicated traction substations, which supply 525 volts direct current to trams; and infeed substations, which supply 33 kilovolts to the mass transit railway network. The company provided electricity to 568,000 individual, commercial, and industrial customers. The company was founded in 1889 and is based in Hong Kong, Hong Kong.

1,814 Employees
Last Reported Date: 08/5/14
Founded in 1889

hk electric investments -ss (2638) Top Compensated Officers

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Compensation as of Fiscal Year 2013.

hk electric investments -ss (2638) Key Developments

HK Electric Investments Limited Announces Board Changes

HK Electric Investments Limited announced the following changes to the Boards with effect from November 28, 2014: Resignations of Directors and Deputy Chairman: Mr. TSO Kai Sum has resigned as a Non-executive Director of the Boards, the Deputy Chairman of the Company Board and a Director of HK Electric; and Mrs. CHOW WOO Mo Fong, Susan has resigned as an Executive Director of the Boards and a Director of HK Electric. Appointments of Director, Deputy Chairman and Alternate Director: Mr. LI Tzar Kuoi, Victor has been appointed as a Non-executive Director of the Boards and the Deputy Chairman of the Company Board, and a Director of HK Electric; and Mrs. CHOW WOO Mo Fong, Susan has been appointed as the Alternate Director of the Boards to Mr. FOK Kin Ning, Canning. Mr. Tso will remain as Senior Adviser to the Group and continue to contribute his wealth of experience to the Group. Mr. Li, aged 50, is a Non-executive Director of Power Assets Holdings Limited (Power Assets), the Chairman of Cheung Kong Infrastructure Holdings Limited (CKI) and CK Life Sciences Int'l., (Holdings) Inc., the Managing Director, Deputy Chairman and the Chairman of Executive Committee of Cheung Kong (Holdings) Limited (CKH), the Deputy Chairman of Hutchison Whampoa Limited (HWL) and the Co-Chairman of Husky Energy Inc. Mr. Li is a Director of each of Li Ka-Shing Unity Trustee Company Limited (TUT1) as trustee of The Li Ka-Shing Unity Trust (UT1), Li Ka-Shing Unity Trustee Corporation Limited (TDT1) as trustee of The Li Ka-Shing Unity Discretionary Trust (DT1) and Li Ka-Shing Unity Trustcorp Limited (TDT2) as trustee of another discretionary trust (DT2). Mrs. Chow, aged 61, has been appointed to the Boards of the Trustee-Manager and the Company as an Executive Director in December 2013 and as a Director of HK Electric since January 1996, and has resigned from these offices with effect from 28 November 2014.

HK Electric Investments Reports Earnings Results for the Six Months Ended June 30, 2014

HK Electric Investments reported earnings results for the six months ended June 30, 2014. For the period, the company reported profit before taxation of CNY 1,624 million. Profit for the period attributable to the holders of Share Stapled Units/shares of the company was CNY 967 million. Basic and diluted earnings per share stapled unit/share of the company were 10.94 fens. Return on assets was 0.86%. Turnover was CNY 4,481 million. Profit after taxation was CNY 1,338 million.

HK Electric Investments Limited Presents at Depositary Receipts Virtual Investor Conference, Nov-19-2014 04:00 PM

HK Electric Investments Limited Presents at Depositary Receipts Virtual Investor Conference, Nov-19-2014 04:00 PM. Speakers: Kim Man Wong, Chief Financial Officer.

 

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