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CKH Series of Companies To Hold EGM Next Mon on Sale of UKPN
Recommend 26 Positive 45 Negative 20 |
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CKH series of companies will hold an extraordinary general meeting (EGM) on April 27 (next Monday) to vote on the proposed disposal of UKPN, according to Ming Pao. CKH HOLDINGS (00001.HK), CK ASSET (01113.HK), CKI HOLDINGS (01038.HK) and POWER ASSETS (00006.HK) each issued shareholder circulars. The independent financial advisers appointed by the four companies all recommended that the independent board committees advise shareholders to vote in favor of the resolution. CKH expects that it will recognize a disposal gain of approximately HKD14.5 billion from CKI's 40% interest in UKPN. Taking into account the 24.33% attributable to non-controlling interests, the related gain would be approximately HKD19.3 billion. Auto-translated by AI AASTOCKS Financial News |
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