CK Asset Holdings Limited (SEHK:1113) entered into the Share Purchase Agreement to acquire Mondrem Corporation, 20% stake in UK Power Networks Holdings Limited and 10% stake in each of Wales & West Utilities Limited and Dutch Enviro Energy Holdings B.V. from Li Ka Shing Foundation Ltd. for HKD 17 billion on March 18, 2021. The Purchase Price will be satisfied in full by the issue of 333,333,333 shares of CK Asset.

Completion of the Proposed Acquisition is conditional upon approval of shareholders of CK Asset and all of the conditions to the Share Buy-back Offer having been satisfied. The Hongkong and Shanghai Banking Corporation Limited and Anglo Chinese Corporate Finance, Limited acted as financial advisers for CK Asset.