Hongkong Land (HKL), which owned a 34% stake in the company, underwent a restructuring in January 1985 whereby it was forced to sell its stake in the company for HK$3 billion to reduce debt levels [REF].
The company is now controlled by Li Ka-shing's Cheung Kong Holdings as part of listed company Power Assets Holdings Limited, which before February 2011 was known as "Hongkong Electric Holdings Limited" [REF].