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5 stories mentioning HKG:0001

Every FINWIRES story that references HKG:0001, newest first.

Asia

Market Chatter: CK Hutchison Backs Away From Telecom Unit Listing

CK Hutchison (HKG:0001) is unlikely to pursue a near-term listing of its global telecommunications business and is instead prioritizing the sale of individual assets, Reuters reported Friday, citing three people familiar with the matter.The Hong Kong conglomerate had explored spinning off the unit for a potential listing in London or Hong Kong as early as the third quarter, according to the report.However, prospects for the listing have reportedly dimmed after the company agreed earlier this month to dispose of its 49% interest in a U.K. telecom venture with Vodafone.(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.)

HKG:0001
Asia

CK Hutchison's Telecom Unit Sees 15% Increase in Q1 Revenue

CK Hutchison's (HKG:0001) CK Hutchison Group Telecom Holdings recorded a total revenue of 2.9 billion euros in the first quarter, up 15% from 2.51 billion euros a year prior.The telecommunications company's active customers count stood at 60.1 million in the quarter, up 37% from 44 million in the prior-year period, according to a Wednesday Hong Kong bourse filing from the conglomerate.

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Asia

CK Hutchison Cashes in on VodafoneThree Stake

CK Hutchison Holdings (HKG:0001) has agreed to dispose of its 49% stake in VodafoneThree to joint venture partner Vodafone, according to a Hong Kong bourse filing Tuesday.The firm is selling the stake for HK$45.5 billion to "monetize its investment at an attractive valuation."CK Hutchison expects to recognize a gain of around HK$4.7 billion from its stake sale in the mobile network operator, which services over 28 million customers in the U.K.

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Asia

UK Power Networks Sale Receives Approval from Shareholders

Independent shareholders of CK Infrastructure (HKG:1038), CK Hutchison (HKG:0001), CK Asset (HKG:1113) and Power Assets (HKG:0006) have approved the proposed sale of UK Power Networks to a unit of French electric utility company Engie, according to separate filings with the Hong Kong bourse on Monday.The deal will generate 4.22 billion sterling pounds, or about HK$44.3 billion, in cash for CK Infrastructure.CK Infra currently owns 40% of UK Power Networks, with Power Assets holding 40% and CK Asset owning the remaining 20%.

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Asia

Market Chatter: China Merchants Weighs Joining Consortium to Buy CK Hutchison's Ports

China Merchants Group is in negotiations to become part of a consortium planning to acquire CK Hutchison's (HKG:0001) ports, Bloomberg reported, citing people familiar with the matter.The move comes in a bid to assist China Cosco Shipping in financing the deal, the people added and Bloomberg reported.The deal, which will reportedly encompass the acquisition of over 40 ports, will require lengthy discussions due to a complex background and the requirement for US and China approvals.BlackRock Inc.'s GIP fund and Terminal Investment are currently a part of the consortium, the report stated.CK Hutchison's plan to offload 43 ports for over $19 billion has previously met various hurdles and delays since it was announced in 2025 amid geopolitical tensions.(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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