CK Infrastructure sees acquisition opportunities in crisis

14 May 2020 - 12:00 am UTC

Hong Kong-listed CK Infrastructure Holdings (CKI) is in talks with various parties for potential acquisitions of new assets despite a slower due diligence process due to the COVID-19 pandemic. 

The railway-to-water conglomerate will focus mainly on assets that could generate sufficient and steady returns as it actively seeks new investment opportunities during the crisis period, Chairman Victor Li said at the company’s online annual general meeting yesterday. 

However, the quarantine measures and border closures across many countries have deterred international business travel and hindered site visits, Li said. Difficulties in carrying out due diligence have also slowed down dealmaking. 

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