Some information on the consortium of companies making this bid - mainly from Wikipedia:
Cheung Kong Infrastructure Holdings is 75.67% owned by CK Hutchison Holdings Limited.
CK Hutchison Holdings Limited is a Cayman Islands registered multinational conglomerate headquartered in Hong Kong.
CK Asset Holdings, previously known as Cheung Kong Property Holdings Limited, is a property developer registered in the Cayman Islands, with its headquarters and principal place of business in Hong Kong.
Power Assets Holdings Limited owns significant holdings in a number of energy providers and networks around the world, in partnership with its parent company Cheung Kong Infrastructure Holdings, which holds a 38.87% stake in the business.
My comments:
- Complex corporate structures make for challenging auditing.
- No direct taxation is imposed on residents and Cayman Islands companies.
- Hopefully FIRB will check all this and assess if there are any risks to national interest.
Ann: CKI Proposal APA Grants Due Diligence, page-39
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