CK Asset Shareholders Overwhelmingly Approve Disposal of UK Power Networks Stake

Bulletin Express04-27

CK Asset Holdings Ltd. reported that shareholders have endorsed the planned disposal of its interest in UK Power Networks, with 99.9988% of the votes cast in favour at the extraordinary general meeting held on 27 April 2026. Only 12,300 votes, equal to 0.0012%, opposed the resolution.

The single ordinary resolution covered the sale of CKA Sub’s shares and shareholder debt instruments under the Share Purchase Agreement. With the Li family and related entities—holding approximately 48.87% of CK Asset’s 3.50 billion issued shares—abstaining as required by Hong Kong Listing Rules, 1.79 billion shares were eligible to vote. The decisive outcome comfortably exceeded the simple-majority threshold for approval.

Computershare Hong Kong Investor Services Ltd. acted as the poll scrutineer. CK Asset cautioned that completion of the transaction remains subject to outstanding conditions stipulated in the Share Purchase Agreement, leaving open the possibility that the disposal may not proceed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment