Power Assets Wins Shareholder Approval for Conditional Sale of UK Power Networks Stake

Power Assets Holdings ( (HK:0006) ) has provided an announcement.

Power Assets Holdings shareholders have approved, by an overwhelming majority of votes cast at a general meeting on 27 April 2026, the connected and major transaction involving the disposal of its interest in UK Power Networks through the sale of PAH Sub’s shares and shareholder debt instruments under a share purchase agreement. CKI, a major shareholder holding about 36.01% of issued shares, abstained from voting in line with listing rules on connected transactions, leaving roughly 64% of the company’s shares eligible to vote, and all directors except one attended the meeting, with Computershare acting as poll scrutineer.

The resolution’s passage clears a key shareholder hurdle for the divestment of the UK asset, potentially reshaping Power Assets’ overseas portfolio and capital allocation strategy, although completion of the disposal remains subject to conditions under the share purchase agreement and may still not proceed. The company has cautioned shareholders and potential investors to exercise care when dealing in its securities given the conditional nature of the transaction and the possibility that the disposal could ultimately fall through.

The most recent analyst rating on (HK:0006) stock is a Buy with a HK$58.00 price target. To see the full list of analyst forecasts on Power Assets Holdings stock, see the HK:0006 Stock Forecast page.

More about Power Assets Holdings

Power Assets Holdings is a Hong Kong-listed utility investment company with significant interests in energy infrastructure, including electricity distribution and related assets in overseas markets such as the UK. The group typically participates as a long-term strategic investor, partnering with other infrastructure players to manage regulated utility operations and stable cash-flow assets.

YTD Price Performance: 17.95%

Average Trading Volume: 2,840,518

Technical Sentiment Signal: Buy

Current Market Cap: HK$138.6B

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