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 Hutchison Holdings is an investment holding group based in Hong Kong. Co.'s businesses encompass such diverse areas as property development and investment, real estate agency and estate management, hotels, telecommunications and e-commerce, finance and investments, retail, ports and related services, energy, infrastructure projects and materials, media, and biotechnology. Co.'s core business are organized along four segments: Property (sales, leasing, property management and development); Hutchison Whampoa (ports, property and hotel, retail, infrastructure, energy and telecommunications); Life Sciences (health and agriculture related products) and Other Investments.
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