Li clan take a tiny step to beat China value trap

CK Infrastructure Holdings

12/07/2024 04:56

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
    By Chan Ka Sing
       HONG KONG, July 12 (Reuters Breakingviews) - A plan for
an additional listing, possibly in London, for their $15 bln
infra company will allow investors shunning Hong Kong to buy the
stock. As for CKI's larger parent, its revenue is globally
diversified. The family faces a long slog to limit damage from
its China roots.        
    Full view will be published shortly.
    
    CONTEXT NEWS
    Hong Kong’s CK Infrastructure Holdings, controlled by the
family of the territory’s richest man Li Ka-shing, is
considering a “potential second and additional listing” on an
overseas exchange such as London, the company said in a stock
exchange filing on July 11.
    Separately, CK Hutchison is reviewing options for its
European telcoms unit with a view to reducing its holdings in
the overall business, Reuters reported on July 11, citing six
people with knowledge of the situation. CK Hutchison owns 75.7%
of CK Infrastructure, according to data on LSEG Workspace. 

 (Editing by Una Galani and Aditya Srivastav)
 ((For previous columns by the author, Reuters customers can
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KaSing.Chan@thomsonreuters.com))