On September 25, 2024, Power Assets announced that its subsidiary companies, along with subsidiary companies of Cheung Kong Industries and Cheung Kong Infrastructure, separately entered into agreements with CK William regarding the subscription of shares. In the first round of subscription, Power Assets' subsidiary company, Cheung Kong Industries' subsidiary company, and Cheung Kong Infrastructure's subsidiary company subscribed for 1,542 shares, 3,084 shares, and 3,084 ordinary shares of CK William, with total subscription prices of £15.42 million, £30.84 million, and £30.84 million respectively. In the second round of subscription, the three companies will further subscribe for a maximum of 570 shares, 1,140 shares, and 1,140 ordinary shares, with total subscription prices of up to £5.70 million, £11.40 million, and £11.40 million. These transactions are carried out in proportion to their respective holdings in CK...Show More

On September 25, 2024, Power Assets announced that its subsidiary companies, along with subsidiary companies of Cheung Kong Industries and Cheung Kong Infrastructure, separately entered into agreements with CK William regarding the subscription of shares. In the first round of subscription, Power Assets' subsidiary company, Cheung Kong Industries' subsidiary company, and Cheung Kong Infrastructure's subsidiary company subscribed for 1,542 shares, 3,084 shares, and 3,084 ordinary shares of CK William, with total subscription prices of £15.42 million, £30.84 million, and £30.84 million respectively. In the second round of subscription, the three companies will further subscribe for a maximum of 570 shares, 1,140 shares, and 1,140 ordinary shares, with total subscription prices of up to £5.70 million, £11.40 million, and £11.40 million. These transactions are carried out in proportion to their respective holdings in CK William and will be funded by existing internal resources. As a major shareholder of Power Assets, Cheung Kong Infrastructure holds over 30% of the equity interest in CK William, making these share subscriptions related party transactions. The purpose of these share subscriptions is to support the CK William Group in acquiring all or part of the issued share capital and corresponding shareholder loans of specific target companies holding wind energy business in the United Kingdom under acquisition agreements. This acquisition and share subscription align with Power Assets' strategy of investing in global energy infrastructure projects.