CK Asset-Led Consortium Making Progress on APA Group Acquisition
Following CK Asset Holdings, or CKA, announced that the board of APA Group, an Australian company which owns and operates utility assets, has recommended shareholders accept a takeover bid from a consortium of CK Infrastructure Holdings, or CKI, Power Assets Holdings, or PAH, and CKA. The acquisition is a continuation of the company's strategy of acquiring businesses in non-real estate sectors that can offer stable yields. Given the elevated price level of Hong Kong real estate and a rising inte...CK Asset Holdings and its subsidiaries are engaged in the property development and investment; hotel and serviced suite operation; property and project management; and aircraft leasing business.
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