<div id="readability-page-1"><div>By Ka Sing ChanChow Tai Fook's $4.3 bln sale of its Australian energy group to the Temasek-backed company frees up cash the Chengs could use to bolster their troubled Hong Kong property arm. For the buyer, the modest price tag limits the risks of a big acquisition.Full view will be published shortly.CONTEXT NEWS Sembcorp Industries said on December 11 that it would acquire Australian gas and electricity provider Alinta Energy for A$6.5 billion ($4.3 billion) including debt. The deal is expected to close in the first half of 2026, subject to Sembcorp shareholder approval.Chow Tai Fook Enterprises, the seller, is the flagship private investment holding company of Hong Kong's Cheng family and the major shareholder of property conglomerate New World Development. It bought Alinta for A$4 billion in 2017 and the company went on to make further acquisitions. Alinta operates 3.4 gigawatts of installed and contracted generation assets and serves 1.1 million customers in Australia. It generated adjusted EBITDA of A$987 million and net profit of A$483 million in the year ended June 2025.Following the announcement, Sembcorp shares rose 1.4% to S$5.9 on December 12.</div></div>

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Chow Tai Fook sold its Australian energy group, Alinta Energy, to Sembcorp Industries for $4.3 billion. This sale frees up cash for the Cheng family to support their Hong Kong property arm. Sembcorp's acquisition, expected to close in 2026, limits risks with a modest price. Following the announcement, Sembcorp shares rose 1.4%.

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