Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Sun Hung Kai & Co. Limited ( (HK:0086) ) has issued an update.
Sun Hung Kai & Co. Limited has committed up to US$100 million (about HK$778 million) via an indirect wholly owned subsidiary to a new co-investment fund managed by U.S. activist investor Trian Partners, which is being formed to participate in the acquisition of Janus Henderson Group, a New York-listed global asset manager with US$484 billion in assets under management. The investment, funded from SHK Group’s internal resources, constitutes a discloseable transaction for both SHK and its indirect parent Allied Group Limited under Hong Kong listing rules, triggering reporting and announcement requirements but not shareholder approval, and underlines SHK’s strategy of using structured co-investments to access large-scale international asset management deals while staying within mid-sized transaction thresholds.
More about Sun Hung Kai & Co. Limited
Sun Hung Kai & Co. Limited (SHK) is a Hong Kong-listed financial services group that operates through subsidiaries engaged in investment and capital management activities. The company focuses on deploying its balance sheet into diversified investment opportunities, often via funds and co-investment vehicles, to generate returns from global capital markets.
YTD Price Performance: 55.74%
Average Trading Volume: 464,083
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.67B
See more insights into 0086 stock on TipRanks’ Stock Analysis page.