by Amruth Sundarkumar | Sep 30, 2022 | China, Corporates
CK Asset sold its Hong Kong project known as 21 Borrett Road located at Mid-Levels, for HK$ 20.8bn ($2.6bn) to LC Vision Capital 1, an offshore fund managed by Singapore based Sino Suisse Capital. CK Asset is expected to make a profit of HK$ 6.3bn ($800mn) on the...
by Amruth Sundarkumar | Aug 4, 2022 | Corporates, Hong Kong
For H1 2022, CK Infrastructure (CKI) posted a 46% YoY increase in net profits to HK$4.4bn ($560mn), mainly since last year’s profit was weighed down by a one-off deferred tax related charges for its UK businesses. Operational profit across the group’s business lines...
by Amruth Sundarkumar | Jul 29, 2022 | China, Corporates, Distressed / Defaulted Bonds
Property developer CK Asset Holdings has confirmed a bid for Chinese real estate giant Evergrande Group’s 26-story 345,000 sqft headquarters in Hong Kong. Last year, the group was looking to sell the building for $1.7bn to Chinese state-owned Yuexiu Property that fell...
by Amruth Sundarkumar | Aug 6, 2021 | China, Corporates
CK Hutch and CK Asset reported a rise in profits during the first half of the year. CK Hutch posted a 41% YoY rise in net profits to HK$18bn ($2.3bn) helped by recoveries in ports and retail revenues, up 24% and in energy following its merger with Cenovus Energy. CK...
by bondevalue | Mar 19, 2021 | China
CK Hutchinson announced their 2020 results, reporting a 27% slump in net profits to HKD 29.1bn ($3.8bn) while revenues fell 8% to HKD 403.8bn ($52bn). CK Hutch booked impairment charges of HKD 18.7bn ($2.4bn) and operating losses from minority-owned Husky as overall...
