Name: SCMP
Telephone: +852-2680-8888

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

sponsorType

authorLocations

authors

paywallTypes

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

factSheets

series

knowledgeQuestion

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

copyrighted

customTimezone

liveContents

Reuters

Hong Kong’s CK Infrastructure Holdings said on Wednesday it has received approval from the UK’s financial regulatory body for a secondary listing on the London Stock Exchange.
The company, a part of conglomerate CK Hutchison and Hong Kong tycoon Li Ka-shing’s business empire, said its admission prospectus was approved by the United Kingdom’s Financial Conduct Authority and it expects its shares to start trading on the exchange on August 19.
Shares of the company will trade under ticker symbol CKI.
“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,” CK Infrastructure said in a statement.
The UK forms the company’s largest market, accounting for about 36 per cent of its earnings in 2023.
The company had flagged in mid-July it was exploring a secondary listing on an overseas stock exchange such as London.
Last month, Britain’s markets watchdog approved the biggest reform of the London Stock Exchange in three decades to attract more innovative companies by reducing red tape.
Earlier in the day, CK Infrastructure reported a 2 per cent rise in its half-yearly earnings and announced a deal to buy onshore wind farms in the UK, its third purchase of renewable energy assets in the UK this year.
A consortium led by CKI Infrastructure agreed to buy the portfolio of 32 operating onshore wind farms in England, Scotland and Wales from Aviva Investors for around £350 million (US$448.5 million), according to a statement on Tuesday morning. The transaction is expected to close in late September.
On April 24, CK Infrastructure formed a consortium to acquire Lionrai Investments No. 1, which owns 100 per cent of natural gas network company Phoenix Energy, from NatWest Group Pension Fund and Utilities Trust of Australia for £757 million. Phoenix Energy is one of three gas distribution network operators in Northern Ireland, with a network that covers nearly half of the local population.
Two weeks later in May, CKI bought UU Solar, which owns and operates 70 renewable power-generation assets in the UK, including solar farms, wind installations and a hydropower plant, for £90.8 million.


Hong Kong stocks fall on weak China data; Alibaba and NetEase lead losses

Trump or Harris? China, Hong Kong stocks offer a hint at their preference as US president

Hong Kong stocks rise on speculation about mortgage-rate cuts in China

Midea prices Hong Kong IPO – biggest in 3 years – at top of range to raise US$3.46 billion

Hong Kong stock market

Hong Kong’s CK Infrastructure gets approval for secondary listing in London

Skyscrapers beyond The Royal Exchange (centre) and the Bank of England (left) in London on August 5, 2024. Photo: Bloomberg

Li Ka-shing’s CK Infrastructure Holdings acquires 32 UK wind farms for US$448.5 million

The portfolio of 32 onshore wind farms in the UK is the company’s third such purchase this year. Photo: Handout

Flags outside the Cheung Kong Center building in Central. Photo: Dickson Lee

Li Ka-shing’s CK Hutchison, CK Asset see first-half earnings plunge as high interest rates weigh on businesses

Flags of CK Hutchison outside the Cheung Kong Centre in Central. The conglomerate said net profits plunged 41 per cent to HK$11.2 billion (US$1.43 billion).  Photo: SCMP Pictures

How Kishore Mahbubani got S$100 million in 3 minutes from Hong Kong’s richest man Li Ka-shing

Veteran diplomat Kishore Mahbubani pictured outside The Peninsula Hotel in Hong Kong. Photo: SCMP

Li Ka-shing shares a relaxing moment with Lee Kuan Yew at the opening ceremony of the Li Ka Shing Library at the Singapore Management University in 2006. Photo: Li Ka Shing Foundation

Cover of ‘Living the Asian Century: An Undiplomatic Memoir’ by Kishore Mahbubani. Publisher: PublicAffairs

Li Ka-shing’s HutchMed sets up first drugs research facility in Hong Kong

A view of Hong Kong Science and Technology Park in Pak Shek Kok. Photo: Winson Wong

Li Ka-shing’s ParknShop imports more goods from mainland China as Hongkongers flock to Shenzhen for cheaper goods

In 2023, the geographical segment of AS Watson that includes ParknShop saw revenue plummet 15 per cent. Photo: K. Y. Cheng

Business

Companies

Markets

News

Hong Kong

Listing on London Stock Exchange comes amid a buying spree of renewable energy assets in the UK


Company says listing on London Stock Exchange will benefit its ‘geographically diverse shareholder base’ and build its profile. It comes amid a buying spree of renewable energy assets in the UK.
