Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CKI HOLDINGS: Strong Balance Sheet; No Further Disposal Plans at Present
Recommend 3 Positive 5 Negative 4 |
||||
|
||||
|
Following the implementation of the sale of its UK power business UKPN, CKI HOLDINGS (01038.HK) has no urgent need to dispose of other assets, Co-Managing Director Andrew Hunter said at the AGM yesterday (20th). Chairman Victor Li noted that as the project is held by several companies, the cash proceeds will be allocated to different entities. Subject to each company's plans, their respective boards will discuss the matter of declaring special dividends. Hunter added that CKI HOLDINGS has a strong balance sheet and currently has no further disposal plans. Regarding the sale of UKPN, he explained that the transaction was concluded based on a proactive approach from the buyer and allows the Group to unlock the value created over the past 15 to 16 years, delivering approximately a six-fold cash return to shareholders. Li also said the Group's investment criteria are not based solely on geographic location, but on whether a project is of high quality and capable of generating returns. AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
