CKI to Add Stake in HK Electric

Cheung Kong Infrastructure Holdings Ltd. (1038), controlled by billionaire Li Ka-shing, has expressed to fund managers that it will raise its stake in Hongkong Electric Holdings Ltd. (0006) if the utility share price falls below HK$24. CKI now holds about 38 percent of Hongkong Electric and has been increasing its stake in the utility over the past three years by buying from the market.

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