Cheung Kong Group replies to foreign reports on its acquisition of Thames Water in UK
According to foreign media, Cheung Kong Group is interested in acquiring Thames Water in the UK. Today (Nov. 26), Cheung Kong Group stated that they would not comment on the related reports and that CK Infrastructure Holdings has always conducted research on any opportunities that would benefit company development and enhance shareholder returns.
According to the 2024 interim report of CK Infrastructure Holdings, the group's financial foundation remains solid and robust. As of June 30, 2024, it held cash of HK$9.2 billion, with net debt to net total capital at a healthy level of 9.8%. This strong foundation provides CK Infrastructure Holdings with financial flexibility to respond to various market uncertainties and establishes a robust backing for new acquisition opportunities.
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