HKSE - Delayed Quote HKD

CK Asset Holdings Limited (1113.HK)

33.400

+0.650

(+1.98%)

At close: 4:08 PM GMT+8

Ares Seeks to Buy Most of $1.3 Billion Hong Kong Tower Loan

(Bloomberg) -- Alternative investment manager Ares Management Corp. has sent a proposal in recent days to some banks to buy out a stake in a HK$10.2 billion ($1.3 billion) project loan backing luxury-property development The Corniche in Hong Kong, according to people familiar with the matter. Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone Nears Buyout of Skin-Care Company L’OccitaneWhy India’s South Rejects Modi — And W

Bloomberg 17 days ago

ARES

CHKGF
Hong Kong's CK Asset, others indicate interest in properties linked to Vietnam bank fraud

Hong Kong developer CK Asset Holdings and some other foreign investors have expressed interest in properties worth billions of dollars linked to Vietnam's biggest financial fraud, letters written to a court showed. Prosecutors in the Communist-ruled country have accused real estate tycoon Truong My Lan of being the architect of a scheme of loans to shell companies that siphoned off 304 trillion dong (about $12 billion) from one of the country's largest private banks by assets, Saigon Joint Stock Commercial Bank (SCB), which Lan effectively controlled through proxies. SCB was bailed out by the central bank in late 2022 after a run on deposits spurred by Lan's arrest, and since then Vietnamese authorities have sought foreign investors' interest in the lender.

Reuters 22 days ago

CHKGF
CK Group's Li says Hong Kong needs to safeguard financial hub status

The Hong Kong government needs to protect the city's international financial hub status after years of upheaval, chairman of conglomerate CK Group Victor Li said on Thursday. Li was speaking after his property company CK Asset, one of Hong Kong's biggest developers, reported a 10% decline in net profit from continuing operations last year. Asked about his views on the city's economy at an earnings conference, Li said - after a sigh - that the people of Hong Kong had gone through several stress tests since 2019, when the city was roiled by anti-government protests, followed by the pandemic and now a struggling economy.

Reuters last month

CHKGF
Hong Kong developers urge government to remove all property cooling measures, make Hongkongers 'happy'

Hong Kong developers have joined a chorus urging the government to remove all the remaining cooling measures to revive the property sector. Stewart Leung Chi-kin, who is the chairman of the Real Estate Developers Association of Hong Kong as well as Wheelock, said on Wednesday that he had met Financial Secretary Paul Chan Mo-po recently and proposed that all cooling measures be removed. "The government has taken note of the market's concerns," Leung said, adding that Chan had not made any promise

South China Morning Post 2 months ago

CHKGF
Hong Kong developer Sino Land wins Kai Tak land tender with a US$676 million bid, a nine year-low, beating a crowded field of rivals

A consortium led by Sino Land won a Hong Kong land tender for a site at Kai Tak with a bid of HK$5.3 billion (US$676 million), the lowest in nine years, which some analysts said was a conservative price as the city's economy could stagnate in the near term. Bids were also submitted by Sun Hung Kai Properties, CK Asset Holdings, Wheelock Properties, Nan Fung Group and Henderson Land this Monday, the last day of the tender period. The parcels of land, with an aggregate area of 145,303 sq ft, are l

South China Morning Post 7 months ago

SNLAY

CHKGF
Li Ka-shing's CK Hutchison, CK Asset see first-half earnings plunge as high interest rates weigh on businesses

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong's richest man Li Ka-shing, reported a drop in their first-half earnings, as the high interest rate environment continued to pile pressure on businesses in the city. CK Hutchison, the conglomerate with businesses spanning ports and infrastructure to telecommunications and supermarkets, said net profits plunged 41 per cent to HK$11.2 billion (US$1.43 billion). CK Asset, Li Ka-shing's flagship property developer, s

South China Morning Post 8 months ago

CHKGF

CKHUY

Performance Overview

Return	1113.HK	HANG SENG INDEX
YTD	-14.80%	+3.54%
1-Year	-22.60%	-10.03%
3-Year	-21.46%	-39.30%

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CK Asset Holdings Limited (1113.HK)

Ares Seeks to Buy Most of $1.3 Billion Hong Kong Tower Loan

Hong Kong's CK Asset, others indicate interest in properties linked to Vietnam bank fraud

CK Group's Li says Hong Kong needs to safeguard financial hub status

Hong Kong developers urge government to remove all property cooling measures, make Hongkongers 'happy'

Hong Kong developer Sino Land wins Kai Tak land tender with a US$676 million bid, a nine year-low, beating a crowded field of rivals

Li Ka-shing's CK Hutchison, CK Asset see first-half earnings plunge as high interest rates weigh on businesses

Performance Overview