What Wai Kee Holdings does

Wai Kee Holdings Limited is a Hong Kong-listed holding company (stock code: 0610; Main Board since 1992) operating across five infrastructure-linked business segments: property development, toll road investment, construction, construction materials, and quarrying. Founded in 1970 and family-controlled under Chairman and CEO Shan Weibiao, the group conducts its construction operations through wholly-owned subsidiary Build King Holdings Limited (stock code: 240) — a Hong Kong contractor in civil engineering, buildings, and environmental works with 150+ professional engineers and over 2,000 supporting staff — and conducts property development and toll road operations through associate company Road King Infrastructure Limited (stock code: 1098), which holds roughly 8 million square meters of land reserve across the Yangtze River Delta, Bohai Rim, and Greater Bay Area and operates five expressways spanning 340 km in Mainland China.

The group's quarrying and construction materials operations form a vertically integrated supply backbone: large-scale crushing facilities at Lam Tei Quarry (Hong Kong, established 2016 after a 2015 government concession award), aggregates production at Niu Tou Island (Zhuhai), and concrete batching and asphalt plants at Lam Tei Quarry and Yau Tong (commenced April 2019, replacing the Aberdeen plant that ceased operations in March 2019). Notable landmark project participation includes Penny's Bay Reclamation for Disneyland, Container Terminal 9, Tolo Highway widening, Tuen Mun River Trade Terminal, Lam Tei Quarry rehabilitation, and the Dayangshan Terminal Development in Shanghai with over 2 million cubic meters of excavation. The group reported no direct pricing models and no revenue figures in the source data.

Wai Kee generates revenue primarily through professional services contracting (Build King), hardware sales of aggregates, concrete, and asphalt, one-time property development sales (Road King Infrastructure), and toll road transaction fees across five Mainland China expressways. Its go-to-market is direct project contracting and competitive tendering targeting government agencies and large private developers in Hong Kong and Mainland China, with no AI/ML or software components in the operating model.

Name

Wai Kee Holdings

Legal name

Wai Kee Holdings Limited

Website

https://waikee.com

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wai Kee Holdings Limited is a Hong Kong-listed holding company operating construction services, quarrying, construction materials, property development, and toll roads in Hong Kong and Mainland China via subsidiary Build King (240) and associate Road King Infrastructure (1098).

Ownership category

akta.pro rank

Product category

Construction & Infrastructure Services

NAICS

Nonmetallic Mineral Mining and Quarrying (2123), Other Concrete Product Manufacturing (32739)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Sand & Gravel Extraction & Processing (IMAKAHAB)

akta.pro secondary industries

Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH), Crushed Stone Quarrying & Processing (IMAKAHAA)

Keywords

• Construction services
• Quarrying aggregates
• Concrete production
• Property development
• Toll road investment

Headquarters

HQ city

Yau Tsim Mong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Others

Revenue model

1. Construction Services: Build King (subsidiary, stock code: 240) provides comprehensive construction services in civil engineering, buildings, and environmental sectors for both private and public sector projects in Hong Kong.
2. Quarrying and Aggregates: Production and supply of concrete aggregates, rockfill, and quarry products from facilities at Niu Tou Island of Zhuhai and Lam Tei Quarry in Hong Kong, supplying major infrastructure projects.
3. Construction Materials: Production of concrete and asphalt from batching plants at Lam Tei Quarry (established 2016) and Yau Tong facility (commenced April 2019). Aberdeen batching plant ceased operations in March 2019.
4. Property Development: Road King Infrastructure Limited (associate, stock code: 1098) develops quality residential apartments in Mainland China and Hong Kong, with land reserves in the Yangtze River Delta, Bohai Rim regions, and Greater Bay Area.
5. Toll Road Investment and Operation: Road King Infrastructure Limited operates a portfolio of five expressways spanning 340 km in Mainland China, with over 20 years of experience in the toll road industry.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Wai Kee Holdings is a Hong Kong-listed conglomerate operating five business segments: quarrying and production of concrete aggregates and rockfill, manufacturing of concrete and asphalt construction materials, comprehensive construction services in civil engineering, buildings, and environmental sectors (delivered through subsidiary Build King), property development of residential apartments (delivered through associate Road King Infrastructure), and toll road investment and operation. The group serves public and private sector clients in Hong Kong and Mainland China, with landmark projects including Penny's Bay Reclamation, Container Terminal 9, and Dayangshan Terminal Development.

Product overview

Wai Kee Holdings Limited is a Hong Kong-listed conglomerate established in 1970, operating primarily in five business segments: Property Development, Toll Roads, Construction, Construction Materials, and Quarrying. The company operates through subsidiaries and associates including Build King Holdings Limited (stock code: 240) for construction services, and Road King Infrastructure Limited (stock code: 1098) for toll road investment and property development. The group's construction materials operations include concrete batching and asphalt production facilities, while its quarrying division produces aggregates at facilities in Zhuhai and Hong Kong. The company listed on the Hong Kong Stock Exchange in 1992 and has established leadership positions in its core construction and infrastructure sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services (Build King Holdings Limited)

Quantifiable outcome

• Excavation volume exceeding 2 million cubic meters completed for Dayangshan Terminal Development in Shanghai.

Named customers2 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Build King Holdings LimitedcoreStrategic or Co-development PartnerBuild King Holdings Limited (stock code: 240) is a subsidiary of Wai Kee Holdings. It focuses on becoming one of the top construction companies in Hong Kong, providing comprehensive services in civil engineering, buildings, and environmental sectors for both private and public sector clients. Build King has developed a competitive edge in quick decision-making and rapid responses, with a management team of over 150 professional engineers and commercial specialists supported by over 2,000 staff.
• Road King Infrastructure LimitedcoreStrategic or Co-development PartnerRoad King Infrastructure Limited (stock code: 1098) is an associate of Wai Kee Holdings. It is a prominent property developer in Mainland China and Hong Kong focusing on quality residential apartments, with a land reserve of about 8 million square meters located in the Yangtze River Delta, Bohai Rim regions, and Greater Bay Area. Road King is also a leading toll road investor and operator in Mainland China with over 20 years of experience and a current portfolio of five expressways spanning 340 km.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Gammon Construction: Hong Kong-headquartered civil engineering and building contractor (Balfour Beatty/Jardine Matheson JV) active in civil, building, and foundation work. Direct overlap with Build King's civil engineering and construction materials scope in the same Hong Kong and Mainland China markets.
• Paul Y. Engineering Group: Hong Kong-listed construction and engineering group providing building, civil engineering, and electrical and mechanical services. Closely comparable in scale, listing venue, and end-market exposure to Build King Holdings.
• SOCAM Development: Hong Kong-listed group with construction, building materials, and property interests derived from a quarrying legacy. Comparable vertically integrated aggregates-to-property model in the same Hong Kong and Mainland China markets.
• Hip Hing Construction: Major Hong Kong building and civil engineering contractor owned by New World Development. Competes head-to-head with Build King for large-scale government and private construction tenders and shares a vertically integrated materials and contracting model.
• Green Island Cement Company: Established Hong Kong cement and concrete producer with proprietary quarry assets. Direct competitor to Wai Kee's Lam Tei Quarry and concrete batching business for supply of aggregates, cement, and ready-mix concrete in the Hong Kong market.
• Yuexiu Transport Infrastructure: Mainland China and Hong Kong-listed toll road operator with a portfolio of expressways and bridges. Direct comparable to Road King Infrastructure's 340 km / 5 expressway toll road business within Wai Kee's portfolio.
• K. Wah Construction Materials: Hong Kong-based aggregates, concrete, and asphalt producer operating the Shek Kwu Chau and Anderson Road quarries. Direct competitor in the same quarrying and construction materials vertical in which Wai Kee's Lam Tei and Yau Tong operations participate.
• NWS Holdings: Hong Kong-listed infrastructure and services conglomerate operated by the Cheng Yu-tung family, with construction, toll roads, and strategic investments. Closely comparable diversified group profile to Wai Kee Holdings with overlapping construction and infrastructure exposure.

Broad incumbents

• China State Construction Engineering: State-owned giant among the largest construction contractors globally with a major Hong Kong and Mainland China footprint. Overlaps Wai Kee's construction services and infrastructure scope but at materially larger scale across a broader portfolio.
• China Resources Cement Holdings: Vertically integrated cement and concrete producer in southern China and Hong Kong controlling its own aggregate resources. Comparable to Wai Kee's quarrying and concrete batching operations but operating at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wai-kee-holdings-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wai Kee Holdings