CKI placement

CKI raises $297 million from placement after 24-hour delay

The Hong Kong infrastructure company makes a mess of its top-up placement by announcing an acquisition mid-deal. But after some initial confusion, investors view the purchase of a UK gas distributor as positive.

<div style="text-align: left;"> Cheung Kong's Hong Kong headquarters </div>

Anette Jönsson

July 26, 2012

It wasn’t exactly the smoothest of executions. In fact, Cheung Kong Infrastructure’s top-up placement is likely to be remembered as one of the messiest ECM deals in quite a while after the company announced an acquisition in the middle of it.

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