CKH HOLDINGS Extends Afternoon Gains to Nearly 4% on Report of Considering Further Telecom Asset Disposal
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CKH HOLDINGSshares rose nearly 4% following reports of potential further disposals of its telecom assets. The stock opened 0.64% higher and reached an intraday high of HKD72.75, currently quoted at HKD72.75, up 3.78%. The company is considering asset sales due to competition and costs in the telecom market, while also keeping the option of listing its telecom business open after selling its 49% stake in Vodafone Three for GBP4.3 billion.
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