Cheung Kong Infrastructure Holdings Ltd offered US$11.6bil (RM50bil) in stock to buy Power Assets Holdings Ltd as Li Ka-shing seeks to combine his utility businesses for further expansion.
Cheung Kong Infrastructure will offer 1.04 shares for every Power Assets share not owned by Li’s companies, according to a Hong Kong exchange statement yesterday. Cheung Kong Infrastructure will also pay out a special interim dividend of HK$5 (RM2.80) a share when the deal is approved, it said.
Hong Kong’s richest man is reshuffling his sprawling business empire for the second time this year as he looks for acquisitions worldwide.
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Cheung Kong Infrastructure will offer 1.04 shares for every Power Assets share not owned by Li’s companies, according to a Hong Kong exchange statement yesterday. Cheung Kong Infrastructure will also pay out a special interim dividend of HK$5 (RM2.80) a share when the deal is approved, it said.
Hong Kong’s richest man is reshuffling his sprawling business empire for the second time this year as he looks for acquisitions worldwide.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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