CK Hutchison Holdings Ltd ADR (CHEUY)
OTOTC · ADR · CUSIP 166744201
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Security Profile

Security Type
Common Stock
CUSIP
166744201
Market Cap
Large Cap · $51 Billion
ADR Ratio
1:1
Previous Name
Cheung Kong Holdings Ltd ADR
Business: CK Hutchison Holdings Limited, formerly Cheung Kong (Holdings) Limited, is a Hong Kong-based company engaged in investment holding and project management. The Company’s subsidiaries are engaged in property development and investment, hotel and serviced suite operation, property and project management, and investment in infrastructure business. It is also engaged in information technology, e-commerce and new technology. The Company's investment properties comprised mainly retail shopping malls and commercial office properties in Hong Kong.
Notes: 4/10/2015 -- OTC Daily Updates notes: Pursuant to Scheme of Arrangement, Holders of the Cheung Kong ADSs as of the Effective Date will receive one (1) CKH Holdings ADS for each Cheung Kong ADS surrendered, subject to payment of a depositary fee of US$0.05 per Cheung Kong ADS surrendered. Each CKH Holdings ADS represents the right to receive one (1) CKH Holdings common share. Holders of the Cheung Kong ADSs are requested to surrender their Cheung Kong ADSs to the Depositary in exchange for the corresponding CKH Holdings ADSs. Li Ka-shing's two firms set for merger as Cheung Kong shareholders approve revamp. Li - Asia's richest man and the chairman of both Cheung Kong and Hutchison, which have a combined market capitalisation of HK$797.24 billion - announced on January 9 that his two flagship companies' non-property assets, including ports, telecommunications, retail, infrastructure and energy, would be injected into newly formed CK Hutchison Holdings, which was incorporated in the Cayman Islands. The CKH Holdings Board also announces that the Reorganisation Proposal has become unconditional and was completed on 18 March 2015. Listing of the Shares on the Main Board was withdrawn at 9:00 a.m. on Wednesday, 18 March 2015 and dealings in the CKH Holdings Shares on the Main Board commenced at 9:00 a.m. on Wednesday, 18 March 2015.

Company Contact

CHR
Li Ka-shing