CTF Services

CTF Services Limited (Chinese: 周大福創建有限公司), (SEHK: 659) is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and mainland China under Chow Tai Fook Enterprise (CTFE). Operating businesses include toll roads, financial services, logistics, construction and facilities management.

CTF Services Limited, formerly known as NWS Holdings Limited, was established in 2003 when its predecessor, Pacific Ports Company Limited, acquired New World Services Limited from New World Development and the infrastructure assets from New World Infrastructure Limited. The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung. Mr. Brian Cheng and Mr. Gilbert Ho are the Co-Chief Executive Officers of the Company.

Before 2020, the company was involved in infrastructure and service businesses in Hong Kong, Chinese Mainland and Macau. Its infrastructure division included roads, energy, water and ports projects. Its service division comprised facilities management, construction (consists of Hip Hing Construction , Vibro, Quon Hing and Hsin Chong Aster), Financial Services (CTF Life) and Facilities Management ( Hong Kong Convention and Exhibition Centre, GHK Hospital Limited and Kai Tak Sports Park Limited ) . CTFS previously owned transportation business (Citybus, New World First Bus and New World First Ferry).

NWS has been optimizing its business portfolio since 2018. In August 2020, the Citybus and New World First Bus subsidiaries were sold to Bravo Transport. NWS sold New World First Ferry to Chu Kong Shipping in 2020. NWS achieves milestone in ESG journey with successful disposal of its interest in coal-fired power plant, Chengdu Jintang Power Plant, marking the complete phase-out of fossil fuel investments from its portfolio and demonstrating its commitment to sustainable practices.