# asset sale
Latest news and articles about asset sale
Total: 2 articles found
Renovation Group Puts Rmb400m of Property on the Block as Risky Pivot into Semiconductors Strains Finances
Zhongtian Jingzhuang is selling up to Rmb400 million of property and operational assets to shore up liquidity after three years of worsening profits and a Rmb428 million loss in 2024. At the same time the company has been investing in early-stage semiconductor firms—a strategic pivot that is capital-intensive and so far loss-making—raising questions about execution and capital allocation.
Li Ka‑shing Group Sells UK Power Networks to Engie for HK$110.8bn, Recycling Capital for New Bets
Three Cheung Kong group companies have sold their combined 100% stake in UK Power Networks to Engie for HK$110.75 billion, generating significant accounting gains and cash for future investment. The move reflects asset recycling by Hong Kong utilities investors and gives Engie a stronger foothold in UK electricity distribution as the sector prepares for major decarbonisation investment.