Li Ka-Shing’s Conglomerate Clarifies No Decision Made on Telecom Spin-Off
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CK Hutchison Holdings Ltd., controlled by Hong Kong billionaire Li Ka-shing’s family, said on Monday in a stock exchange filing that it has not made any decision on its global telecom business, following media reports about a potential spin-off for a London listing.
“From time to time, the Group receives proposals and explores and evaluates opportunities that may be available, with a view to enhancing long term value to shareholders, including possible transactions relating to the assets and operations of the company’s global telecommunication business,” the board of the conglomerate said.
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- CK Hutchison Holdings announced no decision on a potential spin-off and London listing of its global telecom business, despite media reports.
- The telecom division, mainly in Europe, generates significant revenue and holds an asset-light strategy, possibly including mergers like with Vodafone.
- The company faces scrutiny over its port asset sale to BlackRock, delaying any agreement, with antitrust reviews being a potential factor.
- March 4, 2025：
- CK Hutchison announced the proposed sale of its international ports.
- March 6, 2025：
- CK Hutchison's stock hit a high of HK$52.95 per share after initial surge.
- March 28, 2025：
- Reuters reported that CK Hutchison had started preparations to spin off its global telecommunication assets for a London listing.
- March 28, 2025：
- China's State Administration for Market Regulation addressed antitrust query.
- March 28, 2025：
- Sources indicated no agreement would be signed with the BlackRock-TiL consortium this week.
- March 30, 2025：
- JPMorgan released a report indicating CK Hutchison's openness to an 'asset-light' strategy.
- March 31, 2025：
- CK Hutchison stated no decision made on global telecom business in response to media reports.
- March 31, 2025：
- CK Hutchison's stock opened 4.5% lower, trading at HK$43.65 per share.
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