Hong Kong tycoon Li Ka-shing increased his equity in CK Asset Holdings on Wednesday as a signal he is confident in the business prospects of the property flagship company.
A company, in which CK Asset Senior Adviser Li Ka-shing
and CK Asset Chairman Victor Li Tzar-kuoi each own 50 percent of the beneficial
interests, respectively, acquired a total of 1.888 million shares in CK Asset.
This was at the average price of HK$39.0554 and HK$40.1532 per share on March
26 and March 30, respectively, according to a statement issued by CK Asset on
Wednesday.
As a result, the deemed interests of Li Ka-shing under
the Securities and Futures Ordinance increased from 34.38 percent to 34.43
percent, while Victor Li’s deemed interests increased from 34.45 percent to
34.5 percent, the statement added.
The property company reported its net profit fell 27.4
percent in mid-March as the Hong Kong business confronted unprecedented
challenges. Some of the company businesses were affected by various disruptions
in the second half of the year.
CK Asset rose 0.47 percent to close at HK$42.65 per share on Wednesday.
