Power Assets Holdings Limited (0006.HK)

43.200 +0.100 (+0.23%) As of 03:27PM HKT. Market open.

Power Assets Holdings Limited

Cheung Kong Center
Unit 2005 20th Floor 2 Queen’s Road
Central
Hong Kong
852 6316 3991
https://www.powerassets.com

Sector(s): Utilities
Industry: Utilities - Independent Power Producers
Full-time employees: 13

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Andrew John Hunter M.A., M.B.A., MDBA, MHKICPA, MICAS	Executive Chairman	240k	N/A	1958
Mr. Chao Chung Tsai BAppScMechEng, BSME, CPEng	CEO & Executive Director	5M	N/A	1957
Mr. Neil Douglas McGee	Executive Director	70k	N/A	1951
Mr. Loi Shun Chan FCCA, FCPA	Executive Director	5.73M	N/A	1962
Mr. Kee Ham Chan	Chief Financial Officer	N/A	N/A	1963
Mr. Wai Cheong Ng LLB	Group Legal Counsel & Company Secretary	N/A	N/A	1969
Mr. Cho Ying Cheng	Executive Director	N/A	N/A	1957

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services. It has a generation capacity of 948 MW renewable energy/energy from waste, 5,258 MW gas fired, and 3,569 MW coal/oil fired; and operates 114,600 km of gas/oil pipeline, as well as 405,500 km of power network serving 19,457,000 customers. The company was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong.

Corporate governance

Power Assets Holdings Limited’s ISS governance QualityScore as of 1 April 2024 is 7. The pillar scores are Audit: 2; Board: 8; Shareholder rights: 4; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.