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Cheung Kong Infrastructure Holdings Ltd (1038.HK)

1038.HK on Hong Kong Stock

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Cheung Kong Infrastructure posts 14 pct fall in FY net profit
Tuesday, 21 Mar 2017 04:47am EDT 

Cheung Kong Infrastructure Holdings Ltd <1038.HK> : FY profit attributable to shareholders of HK$9,636 million . FY turnover hk$27.35 billion versus hk$28.54 billion . Proposed final dividend of HK$1.63 per share . Uncertainty and volatility experienced in 2016 is expected to continue in 2017 . Well-positioned to capture attractive opportunities in markets and industries currently operate in . "Will continue to maintain our discipline of not approaching any new investments with a "must-win" mentality" . Look forward to providing continuous steady recurring returns and growth for shareholders . 14% reduction in FY attributable profit was mainly due to a smaller UK deferred tax credit in 2016 . Fluctuations in currencies devaluation of GBP arising from UK referendum vote to leave EU impacted businesses with exposure in UK and/or GBP .While not immune from GBP devaluation impact, there is no material change beyond market expectation.  Full Article

Duet Group recommends CKI consortium's acquisition proposal
Sunday, 15 Jan 2017 05:04pm EST 

Duet Group : Duet board recommend CKI consortium acquisition proposal-due.ax . Proposed acquisition consideration payable by consortium of up to $3.00 per stapled security . Duet securityholders will receive total cash proceeds of $3.03 per stapled security .Duet signed scheme implementation agreement with consortium comprising Cheung Kong Infrastructure, Cheung Kong Property Holdings & Power Assets Holdings.  Full Article

DUET Group confirms it received proposal from Cheung Kong Infrastructure
Sunday, 4 Dec 2016 04:57pm EST 

DUET Group : Duet responds to media speculation . Aware of media speculation regarding a potential change of control transaction . Confirms that it has recently received an unsolicited, indicative, incomplete, non-binding and conditional proposal from Cheung Kong Infrastructure . Deal to acquire 100% of duet's outstanding stapled securities at a price of $3.00 per stapled security, payable in cash . Boards of duet group are currently evaluating proposal .Securityholders are advised to take no action as there is currently no certainty proposal will proceed further.  Full Article

BRIEF-Li Ka-Shing plots bid for 11 bln stg National Grid arm-FT
Thursday, 22 Sep 2016 06:04am EDT 

Corrects currency to pounds from euros in headline.: Shing is assembling a bid for a majority stake in the gas distribution business of National Grid - FT, citing sources . Cheung Kong Infrastructure is leading group of investors likely to submit initial consortium offer by end of week for National Grid - FT, citing sources Source (http://on.ft.com/2dbrP4r) ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

CKI considers options in response to rejection of bids for Australian energy grid
Friday, 19 Aug 2016 07:00am EDT 

Cheung Kong Infrastructure Holdings Ltd <1038.HK> : Says it believe the Australian Federal Government must have reasons beyond the obvious which led them to make the concerned decision and that the issue is unrelated to CKI . Says it is considering its options in regards to the situation Further company coverage: [1038.HK] (Reporting by Hong Kong newsroom) ((twinnie.siu@thomsonreuters.com; 852-2841 5763; Reuters Messaging: twinnie.siu.thomsonreuters.com@reuters.net)).  Full Article

Cheung Kong Infrastructure posts HY net profit of HK$ 5.51 billion<1038.HK>
Thursday, 28 Jul 2016 04:38am EDT 

Cheung Kong Infrastructure Holdings Ltd <1038.HK>: Interim results for 2016 . Declared an interim dividend for 2016 of hk$0.63 per share . HY net profit hk$ 5.51 billion versus hk$5.25 billion last year . Expected that uncertainty and volatility in the global markets will persist in 2016 . Recent deterioration of the British pounds may lead to higher inflation in the future . Higher inflation in future may in time translate to higher revenues for businesses that have inflation-linked tariffs . HY group turnover hk$14.06 billion versus hk$14.11 billion last year .  Full Article

Cheung Kong Infrastructure announces proposed merger of co and Power Assets Holdings
Tuesday, 8 Sep 2015 01:50am EDT 

Cheung Kong Infrastructure Holdings Ltd:Proposed merger of Cheung Kong Infrastructure Holdings and Power Assets Holdings Limited involving a share exchange offer to the scheme shareholders of Power Assets Holdings Limited for the cancellation of all the scheme share.Currently expected that the proposal will be completed by early 2016.Cki board and offeror board requested the pah board to put forward a proposal.Offeror will make share exchange offer to scheme shareholders for cancellation of all scheme shares.Following completion of proposal, CKH HOLDINGS will remain as controlling shareholder of cki, with a 49.19 percent shareholding.Request proposed merger of cki and pah by way of a scheme of arrangement of pah under the companies ordinance.Says cki board intends to declare a conditional special interim dividend of hk$5.00 per cki share.Consideration will be satisfied by cki issuing new cki shares to scheme shareholders, other than non-qualifying pah overseas shareholders.Seven projects in which both cki and pah have ownership interests expected to become consolidated in cki's financial statements.Upon completion of the proposal, it is expected that cki will be deconsolidated from the financial statements of CKH HOLDINGS.Deconsolidation of cki expected to result in profit of about hk$1 billion in ckh holdings' consolidated income statement.Scheme shareholders will receive new cki shares in ratio of 1.04 cki shares for every one scheme share held.  Full Article

Cheung Kong Infrastructure Holdings Ltd declared an interim dividend
Thursday, 6 Aug 2015 05:02am EDT 

Cheung Kong Infrastructure Holdings Ltd:Declared an interim dividend for 2015 of HK$0.6 per share (2014: HK$0.525 per share), a 14.3% increase over the same period last year.The interim dividend will be paid on Friday, 4th September, 2015 to shareholders whose names appear on the Register of Members of the Company at the close of business on Tuesday, 25th August, 2015.  Full Article

Cheung Kong Infrastructure Holdings Ltd declared an interim dividend
Thursday, 23 Jul 2015 04:30am EDT 

Cheung Kong Infrastructure Holdings Ltd:Has declared an interim dividend for 2015 of HK$0.6 per share.  Full Article

More From Around the Web

Fitch Affirms CKI at 'A-', Outlook Stable

(The following statement was released by the rating agency) SINGAPORE/HONG KONG, April 25 (Fitch) Fitch Ratings has affirmed Cheung Kong Infrastructure Holdings Limited's (CKI) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'A-'. The Outlook is Stable. CKI's rating reflects its standalone credit profile of 'BBB+' and a one-notch uplift on account of its linkages with its largest shareholder, CK Hutchison Holdings Limited (CKHH, A-/Stable). KEY RATING DRIVER