September 02, 2014 5:36 AM ET

Diversified Financial Services

Company Overview of Li Ka Shing Foundation Ltd.

Company Overview

Li Ka Shing Foundation Ltd. is a charitable institution that helps communities to build better standards of living. It provides health and education facilities and co-ordinates cultural and welfare projects. Li Ka Shing was founded in 1980 and is based in Central District, Hong Kong.

7th Floor, Cheung Kong Center, 2 Queen's Road Central

Central District,  

Hong Kong

Founded in 1980

Phone:

852 2128 8888

Fax:

852 2845 2940

Key Executives for Li Ka Shing Foundation Ltd.

Li Ka Shing Foundation Ltd. does not have any Key Executives recorded.

Li Ka Shing Foundation Ltd. Key Developments

Cheung Kong Infrastructure Holdings Ltd., Cheung Kong (Holdings) Limited, Power Assets Holdings Limited and Li Ka Shing Foundation Ltd. Enters into JV Agreement

On 16 June 2013, Cheung Kong Infrastructure Holdings Ltd., Cheung Kong (Holdings) Limited, Power Assets Holdings Limited and Li Ka Shing Foundation Ltd. entered into the JV Agreement in relation to the formation of a joint venture, for the purpose of the Acquisition through the JV Companies. On 16 June 2013, the Vendor as the vendor and the Guarantors as the guarantors to the Bidco entered into the Protocol, pursuant to which, the Guarantors confirmed the Bidco's final, binding and irrevocable offer to purchase the Sale Shares in accordance with and subject to the terms of the draft Share Purchase Agreement for the sale and purchase of the Sale Shares. The signing of the Share Purchase Agreement is subject to the receipt of written notification from the Vendor to the Bidco of the conclusion of the WOR and SER Merger Code Procedures. Acquisition Completion will be subject to the fulfillment of the conditions precedent as set out in the paragraph headed Conditions precedent to the Acquisition. Given that LKSFL may be regarded as an associate of Mr. Li Tzar Kuoi, Victor, a director of CKI, LKSFL is thus a connected person of CKI. Therefore, the JV Transaction constitutes a connected transaction for CKI under the Listing Rules. As the relevant percentage ratios for CKI in respect of the financial contribution to be provided by CKI to the Bidco under the JV Transaction exceed 0.1% but are less than 5%, the JV Transaction for CKI is subject to the reporting and announcement requirements of Chapter 14A of the Listing Rules but exempt from the independent shareholders' approval requirements.

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