Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CKI HOLDINGS Said to Have Signed Deal to Sell UK Rails; Victor Li Says Buy & Sell Essential to Biz Growth
Recommend 54 Positive 99 Negative 45 |
||||
|
||||
|
In response to rumors that CKI HOLDINGS (01038.HK) has already signed an agreement to sell UK Rails, Chairman Victor Li noted that buying and selling are essential for expanding business. He also noted that the company tends not to rely on borrowing, which is why it reserves funds regularly for larger transactions. Sources said that the project has generated a cumulative return of about twice the original investment. UK Rails is currently jointly owned by CKI HOLDINGS, CK ASSET (01113.HK), POWER ASSETS (00006.HK), and CKH HOLDINGS (00001.HK), with CKI HOLDINGS holding a 65% stake. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
