Shares of CK Hutchison Holdings Ltd. (00001.HK) debuted with a 0.94 percent gain on its first day, in line with the benchmark Hang Seng Index, which rose 0.91 percent.
The flagship conglomerate of tycoon Li Ka-shing, which replaced Cheung Kong (Holdings) Ltd., ended the day at HK$151.50 on a turnover of HK$1.04 billion (US$130 million).
Hutchison Whampoa Ltd. (00013.HK), the shareholders of which have yet to vote whether they will accept a privatisation offer from CKH, closed at HK$103.90, up 0.58 percent.
If the privatisation goes through, CKH will spin off the property assets of the former Cheung Kong and Hutchison Whampoa into a merged entity called CK Property Holdings Ltd.
CK Property will have net assets of HK$226.6 billion, with 2.36 million square meters of land, mainly in mainland China (85 percent), Hong Kong (12 percent), Britain (2.5 percent) and Singapore (0.4 percent).
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