CK Asset, the property developer partially owned by Hong Kong’s richest man, said it was buying UK pub group Greene King. It’s a minor thumbs-up of sorts for Brexit Britain and the opposite for the protest-ridden Fragrant Harbour. KarenKKwok
CK Asset, owned by Hong Kong’s richest man Li Ka-shing, on Aug. 19 agreed to buy UK pub operator Greene King for 850 pence per share, excluding the shares it already owns, in a deal that values the company at 2.7 billion pounds. Greene King has net debt of 1.9 billion pounds for the year ended April 28.
Greene King's directors intend to unanimously recommend its shareholders to vote in favour of the deal and consider the terms of the deal to be"fair and reasonable", the companies said in a joint statement.
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