Neway Group Holdings Limited
| Company type | Public company |
|---|---|
| Industry | Entertainment, Printing |
| Predecessor | Chung Tai Printing Holdings Ltd. |
| Founded | 1979 |
| Founder | Christopher Suek |
| Headquarters | Hong Kong , Hong Kong |
Area served | Hong Kong, China |
| Products | Printing services, Music, Entertainment |
Number of employees | Approximately 1,500 (printing division) |
Neway Group Holdings Limited () is a publicly traded company in Hong Kong with core businesses in the entertainment and printing sectors. Established in 1979 by Mr. Christopher Suek under the name Chung Tai Printing Holdings Ltd. (), the company initially focused on label stock printing on a modest scale. By 1983, it had broadened its scope to include the production of labels and overlays, utilizing materials sourced from 3M Hong Kong Ltd., and operated through King's Industrial Co., becoming one of the authorized converters of 3M adhesive products within Hong Kong.
In 1987, The Greatime Offset Printing Co., Ltd was launched to meet increasing demand for brochures, manuals, and booklets. To optimize costs, Chung Tai Printing (China) Co., Ltd was established in Shenzhen, capitalizing on lower manufacturing expenses. The enterprise made its debut on the Hong Kong Stock Exchange in 1992.
The year 2009 marked a significant diversification when Neway Group acquired Neway Entertainment Group, entering the karaoke and music industries, which prompted a rebranding to Neway Group Holdings Limited.
Key Operations
Neway Group’s business portfolio spans Printing, Music, and Entertainment sectors. Its printing activities, originating from Chung Tai Printing, operate within both Hong Kong and China. The entertainment segment includes karaoke and music ventures obtained through the acquisition of Neway Entertainment.
Printing Operations
The printing division functions under Chung Tai Printing, with its principal manufacturing site located in Shenzhen, encompassing approximately 1 million square feet and employing around 1,500 personnel. Important subsidiaries are:
- Chung Tai Printing (China) Company Limited
- Chung Tai Printing Company Limited
- The Greatime Offset Printing Company Limited
- Chung Tai Advertising Company
- Chung Tai Credit Card Manufacturing Co.
- Delight Source Limited
- Kam Hon Printing (Shenzhen) Co., Ltd
Music and Entertainment
This division handles artist management for singers and pop groups, produces and distributes recorded music, as well as develops motion pictures. Its operations are managed through subsidiaries such as Neway Star Limited, Star Entertainment (Universe) Limited, and Neway Star Pictures Limited.
Latest Development
Neway Group Holdings Ltd has reached an agreement to divest its entire equity interest along with associated debt in Zen Vantage Ltd to Ritzy Success Enterprises Limited for HK$153 million.