Cheung Kong purchases CHEN HSONG plants; not to lop off Changjiang River Tech

Cheung Kong (0001) management revealed to the securities circle that its biochemistry technology business flagship Changjiang River Technology would become a key segment in the group. Recently, the company injected HK$50 mln to purchase partial plants from Chen Hsong Holdings (0057). The property will be used as the R&D base for industrial and agricultural biochemistry products. The company has no plan to spin off the Changjiang River Technology for listing for the time being.

Its CEO said earlier that diversification was the dominant direction for the group.

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