MTR Corporation
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| Public company (: 0066, OTC: MTRJY) |
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| Industry | Transport, property |
| Founded | Mass Transit Railway Corporation (1975) MTR Corporation Limited (2000) |
| Headquarters | Kowloon Bay, Hong Kong |
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Area served
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Worldwide, including:
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Key people
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Frederick Ma Si-hang (Chairman) Lincoln Leong (CEO) |
| Services | Railways, property developer |
| Revenue | HK$21.3 billion (June 2016) |
| Profit | HK$5.1 billion, (June 2016) |
| Total assets | HK$145 billion (June 2016) |
| Owner |
Hong Kong Government (The Financial Secretary Incorporated) 76% Other 24% |
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Number of employees
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26,083 (June 2016) |
| Website | www.mtr.com.hk |
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| Public company | |
| Industry | Transport, property |
| Founded | Beijing (16 January 2006) Shenzhen (1 July 2010) Hangzhou (6 September 2012) |
| Headquarters | (Beijing, Shenzhen, & Hangzhou), China |
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Area served
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Beijing, Shenzhen, Hangzhou |
| Website |
Beijing MTR Corporation MTR Corporation (Shenzhen) Hangzhou MTR Corporation |
Worldwide, including:
MTR Corporation (Chinese: 香港鐵路有限公司; literally: "Hong Kong Railway Corporation Limited") is a company listed on the , and a component of Hang Seng Index. MTR runs Hong Kong's Mass Transit Railway (MTR), and is also a major property developer and landlord in Hong Kong. It also invests in railways in different parts in the world, and has obtained contracts to operate rapid transit systems in London, , Beijing, Shenzhen, Hangzhou, Melbourne, and Sydney.
The Mass Transit Railway Corporation (Chinese: 地下鐵路公司) was established in 1975 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs. On 30 June 2000 the MTRC was succeeded by the MTR Corporation Limited (MTRCL, Chinese: 地鐵有限公司). As with the MTRC, the MTRCL's principal business is to operate the mass transit railway system. Following a successful initial public offering, the MTRCL was listed on the on 5 October 2000, however the government is still the major stakeholder in the MTRCL.
On 11 September 2000, the Financial Secretary of the Hong Kong Government, Mr Donald Tsang, announced the partial privatisation of MTR Corporation Limited. The offering was for one billion shares, but this was increased to 1.15 billion due to high demand. On 5 October 2000, the company was listed on the with 600,000 shareholders. In June 2001, MTR was added to the Hang Seng Index.
At the time of the initial public offering, the company was operating with a budget surplus of HK$360 million ($46.1 million), which had increased from a surplus of HK$278 million ($35.6 million) in 1997. The MTR has continued to be one of the few profitable public transport systems in the world.
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Wikipedia