Cheung Kong Infrastructure deal seen as undervaluing diverse conglomerate Billionaire Li Ka-shing's Power Assets Holdings Ltd and Cheung Kong Infrastructure Holdings Ltd fell on Wednesday in Hong Kong trading after shareholders rejected a $12.4 billion deal from the city's richest man. On Tuesday, minority shareholders blocked a proposal for CKI to buy out Power Assets, dealing a rare setback for a tycoon who is so revered in...
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