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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.

Duet Says Bid by Li Ka-Shing’s CKI Approved by Australia - Bloomberg

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.

Oil markets remain cautious on record supplies

2017-04-21 in.reuters
SINGAPORE Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.

Rio Tinto Closer to Coal Exit After $2.45 Billion China Deal Cleared - Bloomberg

2017-04-13 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.

Hong Kong overseas M&As highest since 2001, as mainland’s tumble 70pc amid tightened capital controls

2017-04-12 scmp
HK firms pour US$15.5b into outbound M&As in the first three months, led by Cheung Kong’s US$9.8b deal to acquire Australia-based Duet

Chaebol reform at forefront of South Korea presidential campaign - again

2017-03-28 in.reuters
SEOUL South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The conglomerates known as chaebol have come under the reform buzz saw before, only to emerge bigger and stronger than ever. The country’s four biggest chaebol groups account for around half the stock market's value, according to the Korea Stock Exchange.

Chaebol reform at forefront of South Korea presidential campaign - again

2017-03-28 reuters
SEOUL South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal.

Chaebol reform at forefront of South Korea presidential campaign - again

2017-03-28 channelnewsasia
SEOUL: South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal.

Even Superman Li Faces Headwinds - Bloomberg Gadfly

2017-03-22 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.

Li Ka-Shing’s Main Companies to Increase Dividend Payments - Bloomberg

2017-03-22 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.

At Li Ka-Shing's earnings day, focus turns toward dividends

2017-03-22 theedgemarkets
(March 22): Two years ago, billionaire Li Ka-shing dangled higher dividends as a key reason why investors should endorse Hong Kong’s richest man in the biggest-ever reorganization of his business empire. That promise comes to the test today.

Hong Kong’s Chow Tai Fook buys Australia’s Alinta Energy for US$3.1bn

2017-03-16 scmp
Alinta, owned by group of hedge funds and private equity, including TPG Capital, operates 1,800 MW of generation capacity in Australia and New Zealand