32 Followers HKEX:6 - Power Assets Holdings Ltd Power Assets Holdings Ltd
Sector: Utilities, Industry: Electric Utilities
Next Earnings: 15 Mar 2022
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HKD 45.7    -0.850 (-1.83%)
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24 Sep 2021


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General

CEO: Mr. Kin Ning Fok B.A., F.C.A., BA, DFM, FCA (ANZ)

IPO: 1976-08-16

Headquarters: HK

Employees: 13

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Description

Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the U.K., Australia, Canada, Europe, and New Zealand. Profit from its regulated assets make up around 80% of total income, with contribution from its U.K. and Australian assets totaling more than 60% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 34% owned by CK Infrastructure Holdings.