The story
Hutchison Harbour Ring Limited, formerly Harbour Ring International Holding Limited, was founded by Dr. Luk Chung Lam (Chinese: 陸宗霖) family. It was listed on the Hong Kong Stock Exchange in 1991. In 2000, Hutchison Whampoa coped with ICG, a Nasdaq-traded electronic commerce company, to acquire Harbour Ring to build electronic commerce businesses in Asia during the Internet bubble period. In 2001, it was renamed to Hutchison Harbour Ring Limited.
In November 2014, Hutchison Whampoa sold a 71.4% majority stake in the company to the Chinese real estate developer Oceanwide Holdings for HK$3.82 billion ($493 million), which activate the mandatory public offer to buy the remain offer from the market. Eventually the company remained as a public company, with new name, new business, new assets as China Oceanwide Holdings Limited.
From Wikipedia’s article on Hutchison Harbour Ring, shared under CC BY-SA 4.0.4