Wednesday, October 16, 2019
Martin Hennecke

Big cheers for CK Asset's pub deal
CK Asset (1113) probably would not have been able to acquire British pub giant Greene King if there had not been a Brexit factor, chairman and managing director Victor Li Tzar-kuoi said. This came as CK Asset passed a resolution at an extraordinary general meeting yesterday to back the acquisition of Greene King for pounds 2.7 billion pounds (HK$25.8 billion), with 99.39 percent of votes in favor. Li also noted that the move to buy of Greene King had been in the works since last year, and the deal was all but finalized in August. Greene King has an established position as well as attractive real estate assets and a resilient financial profile, CK Asset said in a statement. The company currently operates more than 2,700 British bars, restaurants and hotels.
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