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Li's Enticing Sale - Bloomberg

2017-11-02 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Power Assets announces special dividend, shares gap higher by 9 pc

2017-07-21 scmp
Energy and utility investor Power Assets Group rose 9 per cent to HK$75.15 on Friday morning after reporting a share dividend payment of HK$8.27.

Li Ka-shing’s CK Infrastructure sees net income climb 3pc to HK$5.7 bn

2017-07-20 scmp
Two of Li Ka-shing’s cornerstone businesses reported positive progress on Thursday, a week after speculation swirled in the markets that the doyen of Hong Kong business might be starting the process of handing over control of his empire to the family’s next generation.

Chorus joins the ASX 200

2017-04-24 nzherald.co.nz
Chorus, whose shares have gained 40 per cent in the past two years, will join the S&P/ASX 200 Index on May 2, bringing to eight the number of New Zealand companies with a primary listing on the NZX that are also on the Australian benchmark index.

HK’s Chow Tai Fook wins Aussie approval for Alinta takeover

2017-04-23 themalaymailonline
Australian utilities such as Alinta and Duet have attracted foreign interest because of steady cash flows from their gas and electricity assets. — AFP picSYDNEY, April 23 ― Chow Tai Fook Enterprises Ltd., the Hong Kong conglomerate best known for its jewelry stores, has won Australian regulatory approval to acquire gas and electricity provider Alinta Energy Holdings Ltd.

FIRB approves Chow Tai Fook's takeover of Alinta

2017-04-23 theage.com.au
The deal has been approved by the Foreign Investment Review Board and is subject to strict conditions, a spokeswoman for Treasurer Scott Morrison said on Sunday, without elaborating on the details. Mr Morrison decides on approvals for overseas investors on advice from the investment board.

FIRB approves Chow Tai Fook's takeover of Alinta

2017-04-23 smh.com.au
The deal has been approved by the Foreign Investment Review Board and is subject to strict conditions, a spokeswoman for Treasurer Scott Morrison said on Sunday, without elaborating on the details. Mr Morrison decides on approvals for overseas investors on advice from the investment board.

InterContinental Hotels to sell stake in JV with Duet India

2017-04-22 business-standard
InterContinental Hotels Group PLC (IHG), a British multinational hospitality company, plans to divest its 24 per cent stake in the joint venture (JV) it has with Duet India Hotels (DIH). Currently the JV has four running properties and 19 in the pipeline. However the company declined to reveal any financial details about the stake sale.

Li Ka-shing wraps up Duet deal in biggest overseas purchase

2017-04-21 themalaymailonline
Li had to sweeten the deal in January and add a special dividend of 3 cents a share to win control of the energy network. — Reuters picSYDNEY, April 21 ― Li Ka-shing has wrapped up his biggest overseas deal on record, the A$7.4 billion (RM24.6 billion) takeover bid for Australian power provider Duet Group, nine months after he was barred from buying another power asset there on national security concerns.

UK's Sports Direct enters U.S. with Bob's Stores/Mountain Sports deal

2017-04-21 reuters
LONDON British retailer Sports Direct (SPD.L) has entered the United States market by buying 50 stores trading as Bob's Stores and Eastern Mountain Sports for $101 million, it said on Friday.

Heavyweights drive ASX higher as Duet soars 10 per cent on takeover approval

2017-04-21 theage.com.au
Australia's benchmark index followed offshore leads solidly higher on Friday, but it wasn't enough to reverse losses in the earlier part of the week.

Heavyweights drive ASX higher as Duet soars 10 per cent on takeover approval

2017-04-21 smh.com.au
Australia's benchmark index followed offshore leads solidly higher on Friday, but it wasn't enough to reverse losses in the earlier part of the week.

Li Ka-shing Isn't Chinese, Australia Decides - Bloomberg Gadfly

2017-04-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

FIRB okays CKI's $7.5bn Duet bid

2017-04-21 businessnews.com.au
Australia's Foreign Investment Review Board has approved a $7.48 billion takeover offer for energy utliity operator DUET Group by a Hong Kong consortium led by Cheung Kong Infrastructure.

Duet says bid by Li Ka-Shing’s Cheung Kong Infrastructure approved by Australia

2017-04-21 scmp
Billionaire Li Ka-shing’s A$7.4 billion (US$5.6 billion) takeover bid for power provider Duet Group has won foreign investment approval from the Australian government, paving the way for the Hong Kong tycoon to diversify away from his reliance on Europe.