HONG KONG (CHINA) – AUSTRALIA

Packer’s sale of $1.76b stake in Crown Resorts puts spotlight on Barangaroo pledge

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Original article by Nick Bonyhady, Nick Toscano
The Brisbane Times – Page: Online : 31-May-19

James Packer has sold half of his stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment, a company with which Crown once operated a casino in Macau under a joint venture. The $1.76 billion deal was transacted via Packer’s private company Consolidated Press Holdings, and leaves Packer with around 25 per cent of Crown. However, there are suggestions that the share sale may breach the conditions of Crown’s operating licence in New South Wales; a condition of the agreement requires Crown to have no associations with Stanley Ho, the father of Melco owner Lawrence Ho.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, MELCO RESORTS AND ENTERTAINMENT

APA shares plunge after Canberra blocks CKI buy bid

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Original article by Matt Chambers, Perry Williams
The Australian – Page: Online : 9-Nov-18

Shares in APA Group fell by 10 per cent on 8 November after Treasurer Josh Frydenberg indicated his "preliminary view" on Hong Kong-listed CK Infrastructure’s $13 billion bid for the pipeline operator. Frydenberg stated he did not consider the bid to be in the "national interest"; he is expected to make his final decision in around two weeks. Superannuation fund infrastructure investor IFM is seen as the local entity most likely to make an approach to APA with a bid if Frydenberg’s views remain unchanged; any Australian-based bid for APA is expected to be lower than CKI’s

CORPORATES
APA GROUP – ASX APA, CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED, AUSTRALIA. DEPT OF THE TREASURY, IFM INVESTORS PTY LTD, WOOD MACKENZIE, COOPER ENERGY LIMITED – ASX COE, DUET GROUP, MOODY’S ANALYTICS AUSTRALIA PTY LTD

Palmer hits back at CITIC over WA mine closure threats

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Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 2-Aug-18

Clive Palmer has accused CITIC of speaking with a "forked tongue" over its $US12 billion ($16.2 billion) Sino Iron operations in Western Australia. CITIC Pacific CEO Chen Zeng said recently that the future of Sino Iron was at risk because of disputes with Palmer’s private company Mineralogy over royalty payments and access to land; Mineralogy controls the tenements on which Sino Iron is located. Palmer noted CITIC had been making threats to shut down Sino Iron for the last two years, but during that time they had continued to expanded production and paid Mineralogy $500 million in royalties.

CORPORATES
CITIC LIMITED CITIC PACIFIC MINING MANAGEMENT PTY LTD MINERALOGY PTY LTD

DUET investors buoyed by CKI’s $7.3b offer

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 11 & 24 : 6-Dec-16

Shares in DUET Group closed at $2.74 on 5 December 2016, after reaching an intra-day high of $A2.82. Hong Kong-based Cheung Kong Infrastructure has proposed to pay $A3 per share for the energy infrastructure group, whose assets include the Dampier-Bunbury gas pipeline in Western Australia. However, DUET has noted that the offer is unsolicited and not binding, and there is no certainty that CKI will make a formal bid. Mark Busuttil of JP Morgan says the offer represents full value and a rival bid is unlikely.

CORPORATES
DUET GROUP – ASX DUE, CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED, JP MORGAN AUSTRALIA LIMITED, RARE INFRASTRUCTURE, ARGO INVESTMENTS LIMITED – ASX ARG, UNISUPER LIMITED, RBC CAPITAL MARKETS, 4D INFRASTRUCTURE PTY LTD, CITIGROUP PTY LTD, AUSGRID PTY LTD, STATE GRID CORPORATION OF CHINA, AUSTRALIA. DEPT OF THE TREASURY

Hutchison in bid to end ports duopoly

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Original article by Bridget Carter
The Australian – Page: 18 : 25-Jul-14

Stephen Gumley, CEO in Australia for Hutchison Ports, on 24 July 2014 launched its new container terminal at Port Botany in Sydney. He also said the stevedoring group would seek to win a new ally in the shape of International Container Terminal Services (ICTS), to create increased competition for the current effective duopoly in the sector of Asciano-owned Patrick and DP World Australia. ICTS will open a facility at the Port of Melbourne after 2015. It is based in the Philippines and Hutchison in Hong Kong

CORPORATES
ASCIANO LIMITED – ASX AIO|HUTCHISON PORTS AUSTRALIA PTY LTD|PORT OF MELBOURNE CORPORATION PTY LTD|INTERNATIONAL CONTAINER TERMINAL SERVICES INCORPORATED|PATRICK CORPORATION LIMITED|DP WORLD AUSTRALIA PTY LTD|PORT BOTANY