CK ASSET: Proceeds from UKPN Disposal to Be Deployed for Various Investments; More Options Preferable
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CK ASSETheld an extraordinary general meeting to vote on the disposal of a 20% stake in UK Power Networks (UKPN). Following the transaction, shareholders may discuss a special dividend. Executive Committee Member Chiu Yue Seng emphasized the importance of cash in the current volatile environment, stating that proceeds will be used for various investments, including project acquisitions or buybacks, to strengthen the Company's financial position and provide beneficial options for shareholders.
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