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CK Hutchison Gains Shareholder Approval for Vodafone Deal
CKH Holdings (00001.HK): Expects the completion of the merger between Three United Kingdom and Vodafone United Kingdom next year.
CKH Holdings (00001.HK) held a special general meeting of shareholders today (17th) to vote on the merger transaction between its 3 United Kingdom subsidiaries and Vodafone United Kingdom. The number of shares voted in favor by shareholders reached 2.459 billion shares, accounting for 99.9815%, and the resolution was passed. Lui Falaam, Co-Managing Director and Financial Director of the group, stated that the United Kingdom Competition and Markets Authority (CMA) issued preliminary findings on the transaction early last month, but it is not definitive. He believes that once the preconditions for injecting a joint venture agreement are met, the entire merger transaction can be completed next year. He further mentioned that the 3 United Kingdom subsidiaries are actively working with CMA and others to achieve a resolution.
Vodafone Engages in Strategic Share Buyback Program
Citi Sticks to Their Hold Rating for Vodafone (VOD)