Cheung Kong Infrastructure plans to make HK$100-200 mln provision

After meeting with the managing team of Cheung Kong Infrastructure Holdings (1038) in Singapore last Friday, Salomon Smith Barney released a report, quoting the managing team as saying that the company intended to make a provision of HK$100-200 mln for its investment projects in the first-half year earnings. The joint venture of Hongkong Electric Holdings (0006) and Cheung Kong Infrastructure Holdings sold out the retail business of Powercor for AU$315 mln in the earlier time. Salomon Smith Barney anticipated that the dealing would bring about HK$380 mln special profit for Cheung Kong Infrastructure Holdings.

Related stock : (NIL)