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Victor Li: CK Group to Keep Seeking Investment/ Development Opportunities
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CKI HOLDINGS (01038.HK), POWER ASSETS (00006.HK), and CK ASSET (01113.HK) agreed to sell their entire stake in UKPN to the listed French utility company Engie for a basic total consideration of approximately GBP10.548 billion (about HKD110.754 billion). The enterprise value of the transaction is reportedly GBP16.838 billion (about HKD176.8 billion). Victor Li, Chairman of CK Group, stated that CKA, CKH HOLDINGS (00001.HK), CKI, and PAH will continue to seek investment and development opportunities, eyeing on existing and new markets, including the UK and other regions, harnessing its successful track record and strong capital base. They aim to identify projects in regulated industries and those with long-term stable contracts, as well as other businesses with enormous potential. AASTOCKS Financial News Website: www.aastocks.com |
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