Hong Kong Stock Market Movement | Selling UK Power Grid Business, CK Hutchison Holdings and CK Asset Holdings Rise Nearly 4%

NightAirdropper · 2026-02-26T09:07:00+00:00

Three companies under Cheung Kong Group announced the sale of their stakes in the UK power grid business to French company Engie, totaling over HKD 110 billion in cash, marking a strategic shift. The stock prices of the related companies all rose and are expected to be used for future investments and acquisitions.

NightAirdropper

2026-02-26 09:07:00

Abstract generation in progress

CK Hutchison Holdings (0001.HK) opened higher, rising 3.7% to HKD 64.3; China Communications Construction (1038.HK) increased by 2.65%, China Power (0006.HK) up 2.69%, and Cheung Kong Property (1113.HK) nearly 4% higher. On the news front, three companies under CK Hutchison announced the sale of their UK electricity grid assets to French utility company Engie, netting over HKD 110 billion. China Communications Construction, China Power, and Cheung Kong Property stated that selling their UK Power Network shares could generate significant accounting gains and cash proceeds for future investments and acquisitions.

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