Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. CK Asset Holdings Limited
  6. News
  7. Summary
    1113   KYG2177B1014

CK ASSET HOLDINGS LIMITED

(1113)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hysan Limited entered into sale and purchase agreement to acquire City Link from CK Asset Holdings Limited for CNY 3.5 billion.

09/17/2021 EDT

Hysan (Shanghai) Limited entered into sale and purchase agreement to acquire City Link from CK Asset Holdings Limited (SEHK:1113) for CNY 3.5 billion on September 17, 2021. The Consideration is payable in cash and is an amount equal to approximately CNY 3.5 billion subject to adjustments and shall be apportioned as follows: (a) an amount equal to the face value of the Sale Loans as at Completion being the consideration for the Sale Loans; and (b) the remaining amount being consideration for the Sale Shares. The consideration shall be paid as follows: (a) upon signing of the sale and purchase agreement, Hysan (Shanghai) Limited has paid to the sellers a deposit; (b) the balance of the consideration after netting off the deposit and the amount to repay the Entrusted Loan by Capital Injection shall be settled partly with the funds in the Escrow Amount to be released in accordance with the sale and purchase agreement and partly by payment from Hysan Development to the sellers at completion in accordance with the sale and purchase agreement; and (c) an amount equivalent to the Entrusted Loan will be paid to Scorecity Investments by Capital Injection within six months after completion to repay the Entrusted Loan in accordance with the sale and purchase agreement. The acquisition will be funded by internal resources and available banking facilities of Hysan Development. If the sale and purchase agreement is terminated by the sellers due to Hysan Development's default under the sale and purchase agreement, the deposit shall be forfeited by the sellers and, in addition, the sellers will be entitled to liquidated damages. If the sale and purchase agreement is terminated by Hysan Development due to the sellers default under the sale and purchase agreement, the deposit shall be refunded to Hysan Development. The acquisition is subject to the completion of the Minority Acquisition and is expected to complete by early 2022.


© S&P Capital IQ 2021
All news about CK ASSET HOLDINGS LIMITED
10/18CK ASSET : Lists $5 Billion Euro-Denominated Borrowing Program on Hong Kong Bourse
MT
10/07Hong Kong shares track Asia peers higher; tech rebounds, property up on housing plans
RE
10/07Hong Kong shares track overseas peers higher, property jumps on housing plans
RE
10/01CK ASSET : Unit Lists Nearly $221 Million of Singapore Dollar Perps on Hong Kong Bourse
MT
09/21Hong Kong shares slip after Evergrande woes rattle global markets
RE
09/21Hong Kong's patriots-only government to tackle housing woes, Lam says
RE
09/20Hong Kong's new, patriots-only governance to prioritise housing issues - Lam
RE
09/20Beijing Asks Hong Kong Property Tycoons to Help Solve Housing Shortage
MT
09/18Hong Kong's first 'patriots-only' election kicks off
RE
09/18Hong Kong's first 'patriots-only' election kicks off
RE
More news
Analyst Recommendations on CK ASSET HOLDINGS LIMITED
More recommendations
Financials
Sales 2021 68 756 M 8 840 M 8 840 M
Net income 2021 22 485 M 2 891 M 2 891 M
Net Debt 2021 33 546 M 4 313 M 4 313 M
P/E ratio 2021 7,68x
Yield 2021 4,42%
Capitalization 170 B 21 804 M 21 806 M
EV / Sales 2021 2,95x
EV / Sales 2022 2,33x
Nbr of Employees 55 000
Free-Float 53,7%
Chart CK ASSET HOLDINGS LIMITED
Duration : Period :
CK Asset Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CK ASSET HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 46,55 HKD
Average target price 57,47 HKD
Spread / Average Target 23,5%
EPS Revisions
Managers and Directors
Tzar Kuoi Li Chairman & Managing Director
Man Fai Lum Deputy Chief Manager-Information Technology
Po Lung Ng Senior Manager-Administration
Ying Chew Cheong Independent Non-Executive Director
Nin Mow Chow Independent Non-Executive Director