CKI placement

CKI raises $297 million from placement after 24-hour delay

The Hong Kong infrastructure company makes a mess of its top-up placement by announcing an acquisition mid-deal. But after some initial confusion, investors view the purchase of a UK gas distributor as positive.

<div style="text-align: left;"> Cheung Kong's Hong Kong headquarters </div>

Anette Jönsson

July 26, 2012

It wasn’t exactly the smoothest of executions. In fact, Cheung Kong Infrastructure’s top-up placement is likely to be remembered as one of the messiest ECM deals in quite a while after the company announced an acquisition in the middle of it.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.