Vision Values Holdings
| Company type | Public |
|---|---|
| Industry | Holding company |
| Predecessor | New World Mobile Holdings, Asia Logistics Technologies, Wah Yik Holdings |
| Founded | 1998 |
| Headquarters | Cayman Islands |
Area served | Hong Kong |
| Parent | Moral Glory International (majority shareholder since 2006) |
Vision Values Holdings Limited is a publicly traded company listed on the Hong Kong Stock Exchange (SEHK: 862) and incorporated in the Cayman Islands. It has previously operated under the names New World Mobile Holdings (NWM), Asia Logistics Technologies, and Wah Yik Holdings, all through reverse takeover transactions. At one time, it was part of the portfolio of New World Development. During this period, New World Mobile Holdings managed New World PCS, a mobile telecommunications provider based in Hong Kong.
Asia Logistics Technologies
Asia Logistics Technologies (ALT), a company listed in Hong Kong, held majority control of New World Cyberbase with a 27.48% ownership as of 2004. Before the reverse takeover involving New World PCS, New World Development maintained a 5.60% interest in ALT, while Hong Kong entrepreneur Simon Lo (魯連城) was the principal shareholder, possessing 30.11%.
New World Mobile Holdings
In 2004, Asia Logistics Technologies took over New World PCS Holdings along with its subsidiaries, including New World PCS (NWPCS), acquiring them from New World Telephone Holdings, which was under New World Development. This acquisition occurred through a backdoor listing mechanism. Subsequently, the company adopted the name New World Mobile Holdings within the same year.
In March 2006, NWPCS combined operations with Hong Kong CSL Limited to establish CSL New World Mobility, a holding entity jointly owned by Telstra (76.4%) and New World Mobile Holdings (23.6%). Later that year, in October, New World Mobile Holdings divested its 23.6% interest in CSL New World Mobility back to its parent company, New World Development. By November 2006, New World Development transferred a 58.04% majority stake in New World Mobile Holdings to Moral Glory International, a privately held company.
Moral Glory International initiated a compulsory public tender offer for the remaining shares of New World Mobile Holdings by February 2007. In May 2007, Mongolia Energy Corporation, which succeeded New World Cyberbase, sold an 8.32% portion of New World Mobile Holdings shares to public investors.
Vision Values Holdings
In 2010, New World Mobile Holdings underwent a rebranding and became Vision Values Holdings.
A planned share subscription involving the People's Insurance Company of China (PICC) was ultimately cancelled by PICC in 2016.