Billionaire Li Ka-shing agreed to buy Duet Group in a A$7.4 billion deal, sweetening an earlier offer, as the Hong Kong tycoon seeks to expand his infrastructure assets in Australia to diversify away from Europe. In the revised bid, endorsed by Duet, investors will receive A$3.03 for each share in the energy company after including a newly announced special dividend of 3 cents a share, according to statements from the companies.
Category: Li Ka Shing
Li Ka-Shing-Backed NexGen Plans NYSE Listing as Stock Soars
NexGen Energy Ltd., the uranium explorer backed by Hong Kong billionaire Li Ka-shing, plans to list on the New York Stock Exchange in 2017 after its shares more than tripled in Canada this year. U.S. funds are showing increased interest in the metal, which is poised for a resurgence amid declining supplies, according to Chief Executive Officer Leigh Curyer.
Li Ka-Shing-Backed NexGen Plans NYSE Listing as Stock Soars
NexGen Energy Ltd., the uranium explorer backed by Hong Kong billionaire Li Ka-shing, plans to list on the New York Stock Exchange in 2017 after its shares more than tripled in Canada this year. U.S. funds are showing increased interest in the metal, which is poised for a resurgence amid declining supplies, according to Chief Executive Officer Leigh Curyer.