Brief: CK Asset Holdings Says Will Not Proceed With Acquisition Of APA Group

Power Assets Holdings

20/11/2018 12:01

Nov 20 (Reuters) - CK Asset Holdings Ltd  1113.HK :
    * ANNOUNCES TERMINATION OF IMPLEMENTATION AGREEMENT
    * BIDCO BECAME AWARE THAT CONDITION PRECEDENT OF A WRITTEN
NO
OBJECTION NOTIFICATION UNDER FIRB ACT WILL NOT BE SATISFIED
    * UPADTES ON PROPOSED ACQUISITION BY BIDCO OF APA
    * ACCORDINGLY, CK ASSETS, CK INFRASTRUCTURE AND POWER ASSETS
WILL
NOT PROCEED WITH JV TRANSACTION AND ACQUISITION OF APA

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