Li Ka-Shing's CK Infrastructure Lists In London To Expand Investor Base [Forbes]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: Forbes
C K Infrastructure Holdings (CKI), part of the global business empire of Hong Kong's wealthiest person , made its debut on the London stock exchange on Monday in a secondary listing that did not raise new funds. Shares of the infrastructure and energy company traded at £5.64 on the London bourse as of 11 a.m. local time Monday, a 0.14% discount to its Hong Kong-listed shares which closed at HK$56.55 the same day. CKI is the first foreign company to take advantage of the U.K.'s biggest listing rule overhaul in three decades, which aims to revive its sluggish capital markets and increase competitiveness against U.S. stock exchanges. The reform, which came into force in late July, includes a new category to draw non-U.K. incorporated companies that already have a primary listing overseas. Victor Li, chairman of CK Hutchison, the parent company of CK Infrastructure, said in an analysts meeting on Friday that he has no plans to proceed with a U.K. secondary listing for other compa
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