At the shareholder special general meeting held by ckh holdings (00001.HK) today (17th), a vote was taken on the merger trade between its 3 United Kingdom subsidiaries and Vodafone UK. The number of shareholders voting in favor reached 2.459 billion shares, accounting for 99.9815%, and the resolution was passed.

The group's Co-Chief Executive Officer and Financial Director, Lawrance Lu, stated that the United Kingdom Competition and Markets Authority (CMA) issued preliminary conclusions on the trade at the beginning of last month, but it is not final. He believes that once the prerequisite conditions for the injection of the joint venture agreement are met, the entire merger trade can be completed next year.

He further pointed out that 3 United Kingdom is actively working with the CMA and others to reach a solution, recognizing the challenging prospects for 3 United Kingdom. Due to the lack of coordination in the local telecommunications market, he believes that the new company post-merger will be able to compete with the two largest local telecommunications companies and expects the post-merger UK telecommunications business to bring better cash returns to ckh holdings and generate synergies.