CK Group's Media Response

Rhea-AI Summary

The CK Group clarifies its relationship with AMTD Digital, stating it does not hold any shares nor engage in business dealings with the company. The Group sold most of its shares in AMTD Group nearly a decade ago and currently holds less than 4% of the remaining shares. Negotiations are underway for the sale of these remaining shares. CK Group has no representatives on the AMTD Group Board and is uninvolved in its operations or business plans.

Positive

• CK Group is negotiating to sell its remaining shares in AMTD Group, indicating a strategic exit from the investment.

Negative

• CK Group holds less than 4% of remaining shares in AMTD Group, suggesting a significant reduction in investment interest.
• The lack of CK Group representatives on the AMTD Group Board indicates a complete disengagement from corporate governance.

HONG KONG, Aug. 4, 2022 /PRNewswire/ -- Below is a statement from the CK Group with regard to recent news related to AMTD Digital with mentions of CK Group subsidiaries and Mr Li Ka-shing, Senior Advisor of the Group.

The CK Group does not hold any shares in AMTD Digital and has no business dealings with the company.

CK Group sold a majority of its shares in AMTD Group, which is the parent company of AMTD Digital, nearly ten years ago. The Group currently holds less than 4% of remaining shares in AMTD Group that was not sold together at that time. The Group has entered into negotiations on the sale of its remaining shares in AMTD Group.

Following the disposal of the majority of the Group's shares in AMTD Group, its remaining interest in AMTD Group has been classified under the Group's small financial investment projects.

Currently there is no CK Group representative sitting on the Board of AMTD Group. CK Group is not involved in its operations and has no knowledge about any of its businesses or plans. 

View original content:https://www.prnewswire.com/news-releases/ck-groups-media-response-301599733.html

SOURCE CK Hutchison Holdings Limited

FAQ

What is CK Group's current stake in AMTD Group?

CK Group currently holds less than 4% of the remaining shares in AMTD Group.

Is CK Group involved in the operations of AMTD Digital?

No, CK Group has no involvement in the operations of AMTD Digital.

When did CK Group sell the majority of its shares in AMTD Group?

CK Group sold a majority of its shares in AMTD Group nearly ten years ago.

Are there any CK Group representatives on the AMTD Group Board?

Currently, there are no CK Group representatives sitting on the Board of AMTD Group.

What actions is CK Group taking regarding its shares in AMTD Group?

CK Group is currently negotiating the sale of its remaining shares in AMTD Group.