Li Ka-shing sweetens bid for Power Assets

It may take more than an enhanced dividend and improved share-swap ratio to win shareholder approval for the $12.4b merger, a deal tied to the reorganisation of Li's businesses.

Li Ka-shing sweetens bid for Power Assets

Li Ka-shing’s Cheung Kong Infrastructure CKI sweetened its offer to buy the 61.13% of Power Assets Holdings PAH it doesn’t already own, as it steps up efforts to ensure minority investors will approve the proposed merger.

The merger of the two Hong Kong-listed companies is Li’s latest manoeuver in the reorganisation of his business empire to release value, following the high-profile restructuring of his flagship Hutchison Whampoa and Cheung Kong Holdings in January.


To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...