|Bid||11.09 x 0|
|Ask||11.10 x 0|
|Day's Range||10.98 - 11.13|
|52 Week Range||8.37 - 11.74|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||43.45|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||0.47 (4.27%)|
|1y Target Est||8.91|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of APT Pipelines Limited and other ratings that are associated with the same analytical unit. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Nov 21 (Reuters) - Apa Group: * RECEIVED NOTICE FROM CKI CONSORTIUM THAT TREASURER PROHIBITS SCHEMES * APA AND CKI CONSORTIUM AGREED TO TERMINATE IMPLEMENTATION AGREEMENT AND BIDDER'S PROPOSAL WILL NOT ...
Nov 20 (Reuters) - CK Asset Holdings Ltd: * ANNOUNCES TERMINATION OF IMPLEMENTATION AGREEMENT * BIDCO BECAME AWARE THAT CONDITION PRECEDENT OF A WRITTEN NO OBJECTION NOTIFICATION UNDER FIRB ACT WILL NOT ...
Nov 20 (Reuters) - Australia Treasurer * AUSTRALIA SAYS IT BLOCKS HONG KONG-BASED CK GROUP'S BID FOR APA GROUP Further company coverage: (Reporting by Hong Kong newsroom)
A deal by a Hong Kong-led consortium to acquire Australia's APA Group would be "contrary to the national interest," according to Australian Treasurer Josh Frydenberg. Australia remains open to Chinese investments regardless of the decision, the minister added. Australia remains open to Chinese investments regardless of whether Canberra blocks an acquisition of a major energy company by a Hong Kong-led consortium, Australian Treasurer Josh Frydenberg told CNBC on Friday.
BEIJING/SYDNEY, Nov 8 (Reuters) - Beijing and Canberra should be cooperating in the South Pacific and not be cast as strategic rivals, China's top diplomat said on Thursday, after Australia launched a multi-billion dollar fund to counter China's rising influence in the region. Standing alongside Australian Foreign Minister Marise Payne, Chinese State Councillor Wang Yi made the conciliatory remarks after a meeting in Beijing widely billed as a step toward re-setting bilateral ties after a lengthy diplomatic chill.
A deal would be contrary to the national interest because it would result in “an undue concentration of foreign ownership by a single company group in our most significant gas transmission business,” Frydenberg wrote Wednesday in a statement halting the A$13 billion ($9.5 billion) acquisition. If a merged CK-APA would have undue concentration in gas transmission, that’s entirely down to the APA side of the deal. CK group companies have just four tiny transmission pipelines in Australia: two of them serving a handful of country towns in Victoria and two others supplying the minor cities of Rockhampton and Alice Springs.
Moody's Investors Service says that the Australian Government's (Aaa stable) likely refusal to approve the proposed acquisition of APA Group by a CK Infrastructure Holdings Ltd-led (CKI) consortium will not impact APT Pipelines Limited's (APT) Baa2 senior unsecured debt, bank credit facility and long-term issuer ratings, or its (P)Baa2 senior unsecured MTN rating. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. APA had announced its entry into a conditional Implementation Agreement with a consortium led by CKI to acquire all the stapled securities in APA Group under trust schemes on 13 August 2018, subject to key regulatory and shareholder approvals.
CANBERRA, Australia (AP) — The Australian government on Wednesday warned it intends to block a Hong Kong and Chinese consortium's 13 billion Australian dollar ($9 billion) takeover bid for an energy infrastructure company because it conflicts with Australia's national interest.
Nov 7 (Reuters) - Ck Asset Holdings Ltd: * UPDATES ON PROPOSED ACQUISITION OF ALL OF STAPLED SECURITIES IN ISSUE OF APA * NOTIFIED BY TREASURER OF COMMONWEALTH OF AUSTRALIA OF HIS VIEW THAT PROPOSED ACQUISITION ...
CK Group's $9.4B bid for gas pipeline operator APA Group was knocked back by Australia's government on national security concerns.
Victor Li, who took over from his father (and Hong Kong’s most famous billionaire) Li Ka-shing in May, is looking into listing some of the U.K. assets held by CK Infrastructure Holdings Ltd., Bloomberg News reports. The listing, probably through a new vehicle, could include a power network purchased from Electricite de France SA eight years ago and Northumbrian Water Group Ltd. Raising money would be handy for the whole Li empire, not just the unit spinning off assets. Acquisitions have taken a toll on debt levels at CK Infrastructure, which is 76 percent-owned by the flagship CK Hutchison Holdings Ltd.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. investment firm KKR to acquire joint control over Singapore ...
The Australian Competition and Consumer Commission (ACCC), which began reviewing the deal in June, said it had accepted a court-enforceable undertaking from the CK Consortium to divest significant gas assets in Western Australia. The undertaking addressed the regulator's concerns about the loss of competition in Western Australia's gas pipeline development market, it said.
Sept 12 (Reuters) - AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: * ACCC WILL NOT OPPOSE ACQUISITION OF APA * WILL NOT OPPOSE ACQUISITION OF APA * WILL NOT OPPOSE PROPOSED ACQUISITION OF APA GROUP BY ...