Power Assets Recapitalises CK William JV With A$233.75 Million Share Subscription
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Power Assets Holdings announced that a subsidiary will subscribe for 123,705 new shares in the Australian joint venture CK William for A$233.75 million. This transaction, involving related parties CKA and CKI, will be settled by assigning existing shareholder loans, maintaining the venture's ownership split. Classified as a connected transaction under Hong Kong rules, it does not require independent shareholder approval. The recapitalisation aims to enhance CK William's financial resilience while preserving Power Assets' stake. Analysts rate Power Assets stock as a Buy with a target price of HK$58.00.
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