The story
NWS Holdings announced on 11 June 2010 that the Group had entered into an agreement with Fung Seng Enterprises Limited to dispose of certain subsidiary companies (NWS Engineering Group Ltd) engaged in service businesses for a total consideration of HK$888.5 million.
It is operated mainly under the subsidiaries of Fung Seng Enterprises Limited (FSE). FSE Engineering Group Ltd (FSEE), previously named NWS Engineering Group Ltd, mainly comprising Young's Engineering Company Limited, Majestic Engineering Company Limited and Far East Engineering Services Limited.
From Wikipedia’s article on FSE Engineering Group, shared under CC BY-SA 4.0.3