- Barrons.com•2 months ago
Power Assets Holdings disappointed shareholders this week after the Hong Kong-based electricity supplier backed out of a proposed special dividend. Power Assets (6.HK), a subsidiary of the Hong Kong billionaire’s ports-to-telecoms conglomerate CK Hutchison (1.HK), said in March it was looking to pay a special dividend from its HKD68 billion cash pile. The reluctance to pay out cash has stoked speculation Li maintains his ambition to consolidate his infrastructure businesses following a failed bid to merge Power Assets with parent Cheung Kong Infrastructure (1038.HK) last November.
Power Assets Holdings LimitedHKSE
|52wk Range||64.00 - 78.55|
|Day's Range||74.80 - 75.50|
|Avg Vol (3m)||4,689,754|
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