Release Date: 03 February 2016
Release ID: 5731
HACTL Development Holdings Ltd (HDHL) – the business development arm of the Hactl Group - has entered into a Memorandam of Understanding (MoU) with Chu Kong Shipping Enterprises (Group) Co., Ltd. (CKS), a Hong Kong listed company.
CKS’ diverse operations include the management of the largest high-speed passenger ferry fleet in Hong Kong. It is also one of the largest inland terminal and logistics operators in the Pearl River Delta (PRD) region, with bases covering 20 cities, including Zhaoqing, Qingyuan, Foshan, Guangzhou and Jiangmen. Additionally, it manages and operates several bulk cargo berths in the Hong Kong Public Cargo Working Areas, and owns a private wharf in Tuen Mun together with more than twenty cargo terminals in the PRD region, through its subsidiaries.
The objective of the MoU is to explore the joint development of logistics links and infrastructure in and around Hong Kong International Airport and the PRD region, supporting the air cargo sector. The cooperation aims to leverage CKS’ comprehensive logistics network, and Hactl’s expertise in operating a world class air cargo terminal.
CKS and Hactl (through its value added logistics subsidiary, Hacis) have a long history of cooperation; they were formerly partners in Hong Kong’s Marine Cargo Terminal.
Following the signing of the MoU, CKS and Hactl will form a working group whose first task will be to conduct a feasibility study focusing on opportunities within Hactl’s existing air cargo business in HKIA, and CKS’ logistics business in Hong Kong and the PRD region.
Mr. Xiong Gebing, Chairman / Managing Director of CKS, says: “This MoU with HDHL provides us with a welcome opportunity to work more closely with the leading force in air cargo handling in Hong Kong.
“This new agreement will see us diversify and develop our group’s logistics activities, while helping to underpin the status of Hong Kong International Airport as the world’s largest air cargo hub.”
HDHL Chairman, Mark Whitehead, adds: “We are delighted to join forces with such a strong and professional partner, and are greatly excited by the many potential opportunities to expand our respective activities and geographic coverage.
“We are open to all forms of cooperation with CKS related to air cargo operations in the PRD region, and the collaboration could involve Hactl, Hacis, HDHL or all three companies.”
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