CK Asset Shareholders Clear Sale of UK Power Networks Stake

The latest update is out from CK Asset Holdings ( (HK:1113) ).

Shareholders of CK Asset Holdings have overwhelmingly approved a connected and discloseable transaction to dispose of its interest in UK Power Networks via the sale of shares and shareholder debt instruments held by a subsidiary. The ordinary resolution gained 99.9988% support from independent shareholders eligible to vote, after major shareholders including Li Ka-shing and Li Tzar Kuoi, Victor, abstained in line with listing rules.

The approval marks a key step in CK Asset’s plan to monetise its UK utility stake, potentially reshaping its asset mix and freeing capital for redeployment, though completion remains conditional on terms in the share purchase agreement and is therefore not yet assured. With all directors attending the extraordinary general meeting and poll procedures overseen by the share registrar, the process underscores heightened governance scrutiny around related-party deals and signals a significant potential shift for investors tracking CK Asset’s international infrastructure exposure.

The most recent analyst rating on (HK:1113) stock is a Buy with a HK$52.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

More about CK Asset Holdings

CK Asset Holdings is a Hong Kong-listed property and infrastructure company engaged in real estate development and investment, as well as ownership of utility and energy assets in overseas markets such as the United Kingdom. The group focuses on capital recycling through strategic disposals and acquisitions to optimise returns and strengthen its balance sheet.

YTD Price Performance: 23.45%

Average Trading Volume: 6,218,651

Technical Sentiment Signal: Buy

Current Market Cap: HK$169.9B

See more data about 1113 stock on TipRanks’ Stock Analysis page.