Hong Kong's CK Infrastructure mulls overseas secondary listing (updated)

CK Infrastructure Holdings

11/07/2024 10:25

(Updates with further details and background)
       July 11 (Reuters) - Hong Kong's CK Infrastructure
 1038.HK , part of conglomerate CK Hutchison  0001.HK , said on
Thursday it is exploring a secondary listing on an overseas
stock exchange such as London.
    This overseas listing is being considered without the
prospect of raising any funds, CK Infrastructure said in a
statement.
    The announcement comes as the firm, owned by billionaire Li
Ka-shing, looks to expand and boost its presence in western
markets. 
    On Wednesday, sources told Reuters that CK Hutchison is
reviewing options for its European telecom unit, with a view to
reducing its holding in the overall business.
    Previously, a consortium, including the company along with
CK Asset  1113.HK  and Power Assets  0006.HK  said it would
acquire Phoenix Energy, a Northern Ireland gas distribution
network operator, for an enterprise value of about HK$7.4
billion ($947.6 million).
       
  

    ($1 = 7.8090 Hong Kong dollars)
  

 (Reporting by Sherin Sunny in Bengaluru; Editing by Savio
D'Souza and Sonia Cheema)
 ((Sherin.Sunny@thomsonreuters.com;))