Hong Kong's CK Infrastructure applies for UK listing
HONG KONG’S CK Infrastructure Holdings said on Wednesday (Aug 14) that it had applied for a secondary listing on the London Stock Exchange.
The company, a part of the conglomerate CK Hutchison, said it expects its admission to occur on the LSE on Aug 19.
“The company believes that a listing in London ... will benefit its geographically diverse shareholder base and will assist in building the company’s profile and provide a greater market for trading in the shares,” it said.
The United Kingdom forms the billionaire Li Ka-shing-owned firm’s largest market, accounting for about 36 per cent of its earnings in 2023.
CK Infrastructure had earlier reported a 2 per cent rise in its half-yearly earnings and announced a deal to buy onshore wind farms in the UK. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing
URA to review guidelines on floor space to give developers more design flexibility: Chee Hong Tat
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?