More Utility Investments Through Economic Benefits Agreements; CKA Balance Sheet Still Strong
CK Hutchison Holdings, or CKHH, announced a transaction involving respective economic benefits agreements with three CK entities. The transaction calls for CK Asset Holdings; or CKA; CK Infrastructure, or CKI; and Power Assets Holdings, or PAH, to pay considerations totaling HKD 22 billion to CKHH, in exchange for 90% of the economic benefits derived from a portfolio of utility businesses held by CKHH. Economic benefits are defined as dividends, proceeds from share buybacks, and interest and pri...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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