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    6   HK0006000050

POWER ASSETS HOLDINGS LTD.

(6)
  Report
Delayed Hong Kong Stock Exchange  -  02:53 2022-11-28 am EST
39.85 HKD   -0.87%
09/28Power Assets Holdings Limited (SEHK:6) commences an Equity Buyback Plan for 213,426,165 shares, representing 10% of its issued share capital, under the authorization approved on May 18, 2022.
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09/01POWER ASSETS HOLDINGS LTD. : Ex-dividend day for interim dividend
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08/05UBS Adjusts Power Assets' Price Target to HK$60 From HK$63, Keeps at Buy
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Ventient Energy Europe Finco SARL completed the acquisition of Portugal Renewable Energy-PTRW, Unipessoal Lda from CK Infrastructure Holdings Limited and Power Assets Holdings Limited (SEHK:6).

10/08/2020 EST

Ventient Energy Sàrl enter into a Quota Sale and Purchase Agreement to acquire Portugal Renewable Energy from CK Infrastructure Holdings Limited (SEHK:1038) and Power Assets Holdings Limited (SEHK:6) on August 17, 2020. Under the terms of agreement, purchase price payable and the assignment of the Shareholder's Contributions was determined after arm's length negotiations between the CK Infrastructure, Power Assets and the Ventient Energy with reference to the Target Group's audited accounts as at 31 December 2019. CK Infrastructure and Power Assets need to meet its financial obligation upto 50% of consideration. Interest shall accrue on the purchase price from January 1, 2020 to the date of closing. Pursuant to the Quota Sale and Purchase Agreement, CKI and PAH delivered to the Purchaser the Seller Support Letters on the same date.

Closing of the Transaction will be conditional upon satisfaction of the following conditions: (i) the Portuguese Competition Authority approving the Transaction; and (ii) waivers from certain financing banks of the Target Group having been obtained. Save as otherwise agreed by the parties, closing shall take place on the tenth Business Day, following the date of satisfaction of the last of the conditions precedent. If the above conditions are not satisfied by three months after the date of the Quota Sale and Purchase Agreement that is November 17, 2020, the Seller or the Purchaser may terminate the Quota Sale and Purchase Agreement. The proceeds from the Transaction will further strengthen CKI's and PAH's respective financial capabilities for new investment opportunities. Barclays PLC acted as legal advisor to CK Infrastructure and Power Assets Holdings. Francisco Santos Costa, Duarte Abecasis, Lourenço Vilhena de Freitas, Sara Quaresma, Manuel Requicha Ferreira, Telma Carvalho, Miguel Lencastre Monteiro, João Sequeira Sena, Margarida Leal Oliveira, Ana Sofia Silva and Gonçalo Nogueira of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as a legal advisor to Ventient Energy Sàrl.

Ventient Energy Europe Finco SARL completed the acquisition of Portugal Renewable Energy-PTRW, Unipessoal Lda from CK Infrastructure Holdings Limited (SEHK:1038) and Power Assets Holdings Limited (SEHK:6) on October 8, 2020.


ę S&P Capital IQ 2020
Stocks mentioned in the article
ChangeLast1st jan.
CK INFRASTRUCTURE HOLDINGS LIMITED -2.03% 38.6 Delayed Quote.-20.64%
POWER ASSETS HOLDINGS LTD. -1.00% 39.85 Delayed Quote.-17.28%
All news about POWER ASSETS HOLDINGS LTD.
09/28Power Assets Holdings Limited (SEHK:6) commences an ..
CI
09/01POWER ASSETS HOLDINGS LTD. : Ex-dividend day for interim divi..
FA
08/05UBS Adjusts Power Assets' Price Target to HK$60 From HK$63, Keeps at Buy
MT
08/04Nomura Adjusts Power Assets Holdings' Price Target to HK$52.90 From HK$49, Keeps at Neu..
MT
08/03Power Assets' Profit Climbs in First Half of 2022
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08/03Assets Holdings Limited Declares Interim Dividend for the Six Months Ended June 30, 202..
CI
08/03Power Assets Holdings Limited Reports Earnings Results for the Half Year Ended June 30,..
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08/03POWER ASSETS HOLDINGS LTD. : Half-year results
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07/21POWER ASSETS HOLDINGS LTD. : Extraordinary general shareholde..
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07/04UK Power Networks Deal Falls Through After Owner Raises Asking Price, FT Reports
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Analyst Recommendations on POWER ASSETS HOLDINGS LTD.
More recommendations
Financials
Sales 2022 1 275 M 163 M 163 M
Net income 2022 6 850 M 876 M 876 M
Net cash 2022 1 946 M 249 M 249 M
P/E ratio 2022 12,6x
Yield 2022 7,04%
Capitalization 85 670 M 10 960 M 10 960 M
EV / Sales 2022 65,7x
EV / Sales 2023 64,6x
Nbr of Employees 14
Free-Float 64,0%
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Technical analysis trends POWER ASSETS HOLDINGS LTD.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 40,20 HKD
Average target price 54,38 HKD
Spread / Average Target 35,3%
EPS Revisions
Managers and Directors
Chao Chung Tsai Chief Executive Officer & Executive Director
Kee Ham Chan Chief Financial Officer
Kin Ning Fok Executive Director
Yuk Keung Ip Independent Non-Executive Director
Ting Yuk Wu Independent Non-Executive Director
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