Power Assets Holdings (00006) subsidiary plans to subscribe for 123,700 shares of CK William at 234 million Australian dollars.

Power Assets Holdings (00006) announced that on May 8, 2026, its subsidiary, PAHGI, a subsidiary of Cheung Kong Holdings (CK William Midco 1 Limited), CKAUK, a subsidiary of Cheung Kong Infrastructure (CK William Midco 2 Limited), CKIGI, CK William, and subsidiaries of CK William (CK William Australia Bidco Pty Ltd and CK William Australia Holdings Pty Ltd) entered into an implementation deed regarding the repayment of loans.

Zhitong FinanceMay 8 18:04

Power Assets Holdings Stock Advances 2.0% in Hong Kong

Dow JonesMay 6 16:33

Independent shareholders of the Cheung Kong Group overwhelmingly approved the sale of UK Power Networks (UKPN), a British power distributor.

A consortium led by Cheung Kong Infrastructure (01038.HK) reached an agreement with the French listed utility company Engie in February this year regarding the sale of UK Power Networks (UKPN), a British power distributor. The enterprise value of the transaction is 176.8 billion Hong Kong dollars (16.838 billion British pounds). Cheung Kong Infrastructure, Electricité de France Industries (00006.HK), Cheung Kong Real Estate (01113.HK), and Cheung Kong Holdings (00001.HK) held their respective extraordinary general meetings of shareholders today. At these meetings, independent shareholders of each company overwhelmingly approved the relevant resolutions concerning the sale. The proportions of votes in favor were as follows: Cheung Kong Infrastructure 99%.

AASTOCKSApr 27 17:42

National Energy Administration: As of the end of March, the cumulative installed power generation capacity nationwide reached 3.96 billion kilowatts, a year-on-year increase of 15.5%.

On April 23, the National Energy Administration released the national electricity statistics for January to March.

Zhitong FinanceApr 23 14:18

CK Hutchison Group to hold shareholders' meeting next Monday for a vote on the sale of UK Power Networks (UKPN).

According to a report by Ming Pao, the Cheung Kong Group will hold an extraordinary general meeting of shareholders on April 27 (next Monday) to vote on the sale of its UKPN transaction. Cheung Kong Holdings (00001.HK), CK Asset Holdings (01113.HK), Cheung Kong Infrastructure (01038.HK), and Power Assets (00006.HK) have each issued shareholder circulars. The independent financial advisors engaged by the four companies have all recommended that the independent board committee advise shareholders to vote in favor of the transaction. Both Cheung Kong Infrastructure and Power Assets, which respectively hold direct stakes of 40% and 40% in UKPN, expect the transaction to increase their net asset value by HKD 16.2 billion and HKD 12.4 billion, respectively.

AASTOCKSApr 23 09:48

IEA Annual Report: Data centers accounted for 'half of the increase' in U.S. electricity demand last year, while battery storage is the fastest-growing power technology globally.

The latest report from the International Energy Agency (IEA) shows that data centers are becoming a key force in reshaping the energy landscape in the United States and even globally. The IEA's annual 'Global Energy Review' report released on Monday pointed out that the U.S. electricity demand will grow by 2% in 2025, of which the electricity consumption of data centers alone contributed to about half of the total increase in U.S. power consumption. At the same time, global electricity demand growth reached 3%, far exceeding the overall energy demand growth rate of 1.3%. IEA Executive Director Fatih Birol characterized this trend as a clear signal of "economic electrification expansion." On the supply side, photovoltaics became the top driver of global energy demand growth for the first time.

wallstreetcnApr 21 23:49