Power Assets Holdings shareholders reject buy out bid by Li Ka-shing's CKI

Power Assets Holdings shareholders reject buy out bid by Li Ka-shing's CKI

Visual taken from the company website

Li Ka-shing’s flagship infrastructure firm lost its bid to buy out a cash-rich Hong Kong utility for $12.4 billion on Tuesday, in a defeat for the billionaire investor as he seeks to broaden his investments away from slowing growth in China.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter