A UK listing may raise CKI’s profile in the country and provide a currency hedge, according to Denise Wong, an industry analyst at Bloomberg Intelligence. “The move is likely to enhance its credibility and standing in overseas markets, positioning it well for a renewed M&A push,” Wong wrote in a note.
The potential listing of Hong Kong-traded CK Infrastructure Holdings Ltd. in London is seen as a strategic move to access a larger pool of investors and facilitate overseas acquisitions.
CKI, one of the flagship companies backed by Hong Kong’s richest man Li Ka-shing, said on Thursday that it was considering a second listing in an overseas stock exchange such as London’s. The listing, if it happens, would not involve any fundraising, and a final decision has not been made, the company added.
