News: DUE DUET Group confirms it received proposal from Cheung Kong Infrastructure

Dec 5 (Reuters) - DUET Group (DUE) :

• Duet responds to media speculation
• Aware of media speculation regarding a potential change of control transaction
• Confirms that it has recently received an unsolicited, indicative, incomplete, non-binding and conditional proposal from Cheung Kong Infrastructure
• Deal to acquire 100% of duet's outstanding stapled securities at a price of $3.00 per stapled security, payable in cash
• Boards of duet group are currently evaluating proposal
• Securityholders are advised to take no action as there is currently no certainty proposal will proceed further