Market Chatter: CK Asset, CK Hutchinson to Invest in Carbon Sequestration in Australia

MT Newswires Live11-01

CK Asset (HKG:1113) and CK Hutchison (HKG:0001) will jointly invest in carbon sequestration projects in Australia, The Standard reported Thursday.

CK Hutchison's biotechnology unit CK Life Sciences (HKG:0775) obtained leases and related rights for about 350,000 hectares of agricultural land in Australia for the project, the report said.

The size is three times larger than the entire land area of Hong Kong, the report said.

CK Life Sciences will manage the regenerative agriculture project, according to The Standard.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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