李嘉诚再出手，套现超1100亿港元！

Core Viewpoint - The Hong Kong-based companies Cheung Kong Infrastructure, Power Assets Holdings, and CK Hutchison Holdings announced the sale of UK Power Networks (UKPN) for approximately £10.548 billion (around HKD 110.8 billion) [1] Group 1: Transaction Details - Cheung Kong Infrastructure and Power Assets Holdings each hold a 40% stake in UKPN, while CK Hutchison Holdings owns 20% [1] - The estimated enterprise value of UKPN at the completion of the transaction by June 30, 2026, is projected to be £16.838 billion (approximately HKD 176.8 billion), with an equity value of £11.078 billion (approximately HKD 116.3 billion) [6] - Since its acquisition in 2010, UKPN has provided £4.4 billion in shareholder distributions, resulting in a total cash return exceeding six times the initial investment for Cheung Kong Infrastructure [6] Group 2: Financial Performance - For the fiscal year ending March 31, 2024, UKPN is expected to report a pre-tax profit of approximately £466.9 million (around RMB 4.35 billion) and a post-tax profit of about £312.4 million (around RMB 2.9 billion) [7] - As of March 31, 2025, UKPN's audited net asset value is estimated to be £5.5835 billion (approximately RMB 52 billion) [8] Group 3: Market Position - UKPN operates one of the major electricity distribution networks in the UK, covering approximately 190,000 kilometers and serving around 8.3 million users [13] - The company has transformed into a leading distribution network operator in the UK, providing stable financial contributions over the years [6] Group 4: Strategic Importance - The UK market is a core area for the Li Ka-shing family, with significant investments across various sectors, including water, telecommunications, and energy [10] - The family is reported to control about 25% of the electricity distribution market, nearly 30% of the natural gas supply market, and over 40% of the telecommunications market in the UK [15]