Brief: CK Asset Holdings Announces Entry Into Economic Benefits Agreements

Power Assets Holdings

31/08/2018 16:02

Aug 31 (Reuters) - CK Hutchison Holdings Ltd  0001.HK :
    * ANNOUNCES ENTRY INTO ECONOMIC BENEFITS AGREEMENTS
    * CONSIDERATION PAYABLE BY SUCCESS ALLY GLOBAL TO HENLEY
RICHES
FOR ECONOMIC BENEFITS UNDER CKI AGREEMENT IS ABOUT $917.20
MILLION
    * UNDER DEAL, CO'S UNIT TO PAY UNIT OF CHEUNG KONG
(HOLDINGS)
ABOUT $1,222.93 MILLION
    * HENLEY RICHES AND CK HUTCHISON ENTERED ECONOMIC BENEFITS
DEAL
WITH EACH OF TEAM ACE ENTERPRISES, CK INFRASTRUCTURE AND MAUVE
BLOSSOM
    * CONSIDERATION PAYABLE BY MAUVE BLOSSOM LTD TO  HENLEY
RICHES LTD
FOR ECONOMIC BENEFITS UNDER PAH AGREEMENT IS ABOUT US$611.46
MILLION
    * PROCEEDS FROM DEALS TO BE USED TO REFINANCE CK HUTCHISON
HOLDINGS' ACQUISITION OF ADDITIONAL STAKE IN WIND TRE S.P.A
    * DEALS TO LET CK HUTCHISON HOLDINGS STREAMLINE ITS
INFRASTRUCTURE
PORTFOLIO INVESTMENTS MAINLY THROUGH ITS HOLDING IN CK
INFRASTRUCTURE
    * CK HUTCHISON HOLDINGS GROUP EXPECTED TO RECOGNISE LOSS
ATTRIBUTABLE OF ABOUT HK$2,827 MILLION WHEN CONSIDERATION
RECEIVED BY HENLEY RICHES

Source text: http://bit.ly/2NDTMUi
Further company coverage:  0001.HK 

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