CK Asset to Exit UK Power Networks Stake in Connected Disposal

An update from CK Asset Holdings ( (HK:1113) ) is now available.

CK Asset Holdings has agreed, via its indirect wholly owned unit CKA Sub, to sell its 20% stake in UK Power Networks as part of a broader transaction in which partners CKI and PAH are also disposing of their respective interests, transferring 100% of the target’s share capital and associated shareholder debt instruments to a single purchaser. The company says the disposal is backed by an attractive valuation that will unlock a significant accounting gain and cash proceeds for redeployment into future investments, but notes that the deal, classified as both a discloseable and connected transaction under Hong Kong listing rules, remains subject to conditions and independent shareholders’ approval, meaning completion is not yet assured and investors are urged to exercise caution.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$48.50 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-based conglomerate primarily engaged in property development, investment, and related infrastructure and utility assets across global markets. The group focuses on diversified, long-term cash‑generating investments, positioning itself as a major player in real estate and infrastructure with an emphasis on capital recycling and shareholder value enhancement.

Average Trading Volume: 4,130,861

Technical Sentiment Signal: Buy

Current Market Cap: HK$166.3B

For detailed information about 1113 stock, go to TipRanks’ Stock Analysis page.