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CK ASSET: Proceeds from UKPN Disposal to Be Deployed for Various Investments; More Options Preferable
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CK ASSET (01113.HK) held an extraordinary general meeting today (27th) to vote on the proposed disposal of a 20% stake in the UK Power Networks (UKPN) business. Upon completion of the transaction, shareholders are expected to discuss the declaration of a special dividend, Chiu Yue Seng, Executive Committee Member of the Group, said. However, amid the current volatile environment, cash is king. The proceeds from the disposal can be deployed into different investment opportunities, providing various options and making the Company's financial position solid. After obtaining the funds, the Group will have different options that would be beneficial to shareholders, including acquiring projects or conducting buybacks, with more options being preferable, Chiu added. Auto-translated by AI AASTOCKS Financial News |
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