In January, Tower asset sales in Italy and Sweden are completed with CK Hutchison recognising a net gain of HK$25.3 billion. The Group obtained conditional regulatory approval of the tower asset transaction in the UK on 3 March 2022, which is expected to complete in the second half of 2022.
In January, AS Watson Group (“ASW”) and Grab announce the largest Offline plus Online health and beauty partnership in Southeast Asia, involving over 2,200 Watsons stores across six markets.
In February, Hutchison Ports signs an agreement to invest in and operate the Jazan City for Primary and Downstream Industries Port in Saudi Arabia.
In April, Hutchison Telecommunications Hong Kong Holdings boosts its distribution network in Hong Kong to more than 500 offline and online sales outlets at FORTRESS, PARKnSHOP, Watsons Hong Kong and 3 Hong Kong.
In May, ista completes the acquisition of Comptage Immobilier Duran SAS, a regional sub-metering company in Southeast France, serving approximately 68,000 dwellings with around 73,000 water meters.
In May, Australian Gas Networks opens Australia’s first hydrogen production facility, Hydrogen Park South Australia, and commences blending renewable hydrogen into part of its natural gas distribution network in Adelaide.
In May, Hutchison Ports Felixstowe and Harwich are granted the Freeport status by the UK government that would further strengthen their position as the country’s major trade hub. Underdeveloped sites around our ports will benefit from tax and customs incentives and attract more businesses, especially green energy and technological businesses.
In June, HPH Trust enters joint venture agreement with Shenzhen Yantian Port to develop Yantian East Port Phase I.
In July, 3 Hong Kong invests over HK$3 billion to build the most reliable network since 2019 and operates a significant amount of the 3.5GHz 5G “golden spectrum” band base stations in town.
In August, Reliance Home Comfort completes two acquisitions, adding about 25,000 new rental assets primarily in Ontario, Canada, to its portfolio and further strengthening its market position in the region.
In September, Hutchison Ports and King Salman Energy Park (“SPARK”) sign a shareholders’ agreement for a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city in Saudi Arabia.
In October, ASW opens its first stores in Abu Dhabi and Saudi Arabia.
In November, HK Electric takes a major step forward in its transition from coal-to-gas generation with the successful synchronisation of a new gas-fired unit.
In November, ASW brings French luxury beauty experience to Mainland China by launching Marionnaud x Watsons cross-over stores in Shanghai, Wuhan, Xian and Chongqing.
In December, HUTCHMED receives approval of its third innovative oncology drug ORPATHYS ® (savolitinib).Meanwhile, SULANDA ® (surufatinib) also receives its second indication approval and National Reimbursement Drug List inclusion in China, as well as the market authorisation filings acceptance for review by the US Food and Drug Administration and European Medicines Agency.
In December, Guangzhou Aircraft Maintenance Engineering Company opens a third hanger in Guangzhou Baiyun International Airport.
HUTCHMED, formerly Hutchison China MediTech, is listed on the Main Board of the Stock Exchange of Hong Kong (adding to its London AIM and US Nasdaq presence). It has been included in major indexes such as the Hang Seng Composite Index and the FTSE Global Equity Index Series, as well as being selected in the Shanghai- and Shenzhen-Hong Kong Stock Connect programmes.