Member access

4-Traders Homepage  >  Shares  >  Stock Exchange of Hong Kong  >  CLP Holdings Limited    0002   HK0002007356

End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 04/15
68.45 HKD   0.00%
04/03 CLP : Preliminary Views on the Consultation Document on the Future D..
03/30 Amec Foster Wheeler plc 2014 results
03/26 Jubilee Platinum Plc - Unaudited interim results for the six mont..
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CLP Holdings Ltd : CLP Holdings CEO : To Maintain Majority Stake In TRUenergy After Possible IPO

05/08/2012 | 01:57am US/Eastern

Power generator CLP Holdings Ltd. (0002.HK) said Tuesday the company intends to maintain a majority stake in its TRUenergy unit if it proceeds with a possible initial public offering of the Australian company.

CLP Chief Executive Andrew Brandler said the company has made no concrete decisions yet on its plans for TRUenergy. "A potential listing in the Australian stock market of our Australian business is something we do have under consideration," said Brandler. "If we did proceed, CLP would still maintain a majority stake of that business."

Brandler's comments came after the blue-chip company said Friday it was reviewing the TRUenergy business and ownership structure, with a number of alternatives including a joint venture, partial or full sale, IPO or other transactions.

Brandler said the possible plans for TRUenergy could help the company repatriate some of its substantial capital invested in Australia back to Hong Kong. He said the Australia unit could also benefit from a larger Australian ownership, which could help its future development.

Separately, Brandler said the company's gas costs will rise significantly over the next few years, fueling immense pressure for more electricity price increases in Hong Kong. "The era of cheap gas in Hong Kong is now over," he said.

-By Jeffrey Ng, Dow Jones Newswires; 852-2802-7002; jeffrey.ng@dowjones.com

React to this article
Latest news on CLP HOLDINGS LIMITED
04/03 CLP : Preliminary Views on the Consultation Document on the Future Development o..
03/30 Amec Foster Wheeler plc 2014 results
03/26 Jubilee Platinum Plc - Unaudited interim results for the six months ended 31 ..
03/24 CLP : Power Hong Kong Limited - Beijing Yire Coal-fired Power Station Ceased Ope..
03/19 CLP : Power employees win Young Engineer and Outstanding Apprentice Awards
03/18 CLP : Power Hong Kong Limited - Setting Clear Objectives Facilitates Discussions..
03/11DJHong Kong Shares End Lower; Utility Stocks Fall on Rate Fears
03/11 CLP HOLDINGS LIMITED : ex-dividend day for final dividend
03/03 CLP : sees India, mainland as top growth markets
02/27 CLP : Macquarie lifts CLP Holdings to HK$68
Advertisement
Chart
Duration : Period :
CLP Holdings Limited Technical Analysis Chart | 0002 | HK0002007356 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF