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Hong Kong court approves CKH Holdings' restructuring plan

A Hong Kong court has approved the re-organisation plan of CKH Holdings and unit Hutchison Whampoa.

News of the plan to re-organise Hong Kong billionaire Li Ka-shing's corporate empire broke earlier in January. Cheung Kong Holdings offered US$24 billion in stock to buy out unit Hutchison Whampoa and spin off its property assets.

Shares of both companies have resumed trading on the Hong Kong Stock Exchange.