(29 June 2015, Hong Kong) NWS Holdings Limited (“NWS Holdings” or the “Group”; Hong Kong stock code: 659) today announced that its Board of Directors has appointed Mr Tsang Yam Pui as Chief Executive Officer (“CEO”) with effect from 1 July 2015. Mr Tsang has been an Executive Director of the Group since June 2004.
Since joining NWS Holdings in 2004, Mr Tsang has been playing a major role in the overall management of the Group including setting of strategic directions and consolidating and strengthening the Group’s business portfolio. NWS Holdings’ market capitalisation has grown about tenfold from approximately HK$4.5 billion in 2003 when listed on the Hong Kong Stock Exchange to approximately HK$42 billion to date. Net assets increased from HK$9.9 billion in 2004 to HK$43 billion in 2014, representing a 10-year CAGR of 15.8%; net profit recorded a 10-year CAGR of 10.9% during the same period.
“I feel greatly honoured to have been appointed as CEO of NWS Holdings and would like to thank our Board of Directors and our senior management and staff for their contribution in making the achievements the Group has made to date. I hope we can continue in this vein and take our company to new heights. Given the high commitment and dedication of our management and staff, I have confidence that the Group will grow from strength to strength in its journey to greater success,” said Mr Tsang.
In his role as Executive Director, Mr Tsang is also the Chairman of the Corporate Social Responsibility Committee of the Group. Under his leadership, NWS Holdings has made many milestones in corporate sustainability, most notably corporate governance, community charities and environmental performance. NWS Holdings received the prestigious Total Caring Award granted by the Hong Kong Council of Social Service in 2009, and it has been selected as a constituent stock of the Hang Seng Corporate Sustainability Benchmark Index since the Index’s inception in 2011
- END -
This press release is also available on the Group’s website ( www.nws.com.hk).
NWS Holdings Limited (“NWS Holdings”, Hong Kong stock code: 659), the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), operates businesses in Hong Kong, Mainland China and Macau. Its Infrastructure portfolio includes Roads, Environment, Logistics and Aviation projects. Its Services portfolio comprises Facilities Management (the management of Hong Kong Convention and Exhibition Centre and Free Duty), Construction & Transport (construction, bus and ferry services) and Strategic Investments.
For further information, please contact:
For Media
