Residential development rights have been confirmed for a site in Nanjing that Cheung Kong (Holdings) (HKG:0001) and Hutchison Whampoa (HKG:0013) secured in December.

The 119,502-square-meter plot cost the joint-venture partners – both controlled by Li Ka-shing – 3.18 billion yuan (HK$3.82 billion). They expect to spend HK$6.95 billion developing the site and building apartments.

Meanwhile, another Li-linked firm, Cheung Kong Infrastructure (HKG:1038), is eyeing Northumbrian Water Group based in northeast England. NWG has a market capitalization of 2.13 billion (HK$26.5 billion).

Cheung Kong Infrastructure “is in the preliminary stages of assessing a potential cash offer for Northumbrian Water,” it said in a filing to the London Stock Exchange, where the utility is listed.

Chairman Victor Li Tzar-kuoi, Li Ka-shing’s eldest son, said the announcement did not imply a deal is set.

The announcement is required under London listing rules, he added, and “we are only studying the possibility of buying Northumbrian Water Group – just like we are studying all other M&A possibilities.”

Cheung Kong (Holdings) closed 0.6 percent lower at HK$109.50, Hutchison Whampoa was down 0.7 percent to HK$82.25, and Cheung Kong Infrastructure rose 0.4 percent to HK$39.60.

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

www.livetradingnews.com

For More Information Contact

Chutinush Taksinapinunt (ANISTA)

Business Development Director

Heffernan Capital Management

Info@Heffcap.com

www.heffcap.com

Suite 53 Athenee Tower 63 Wireless Road, Lumpini, Pathumwan, Bangkok 10330 THAILAND

Tel: +66 2 126 8045

Fax: +66 2 126 8080

Mobile: +66 8 5997 0635

Email : info@heffcap.com

New York

347 5th Avenue, Suite 1402-508 NY, NY 10016

Tel: +1 646-403-9881

Fax: +1 646-403-8014

Singapore

3 Raffles Place #07-01 Bharat Building Singapore 048617

Tel: +65 6329 6408

Fax: +65 6329 9699

Info@Heffcap.com

Get the Updates Daily

Enter your email address:

Delivered by FeedBurner

Your use of any of the Websites or any of the Services (defined below) constitutes your agreement to be bound by and comply with the Website Terms and Conditions and your consent to the collection, use and disclosure of personal information as described in the Privacy Policy. If you do not so agree and consent, you are not authorized to visit or use our Websites or the Services.

Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. You must also accept that opinions on stock markets change minute to minute, opinions expressed my change at any time without warning. Opinions maybe influenced by ad sales and other financial consideration. This site does not offer any assistance in making financial decisions.

Read the Terms of Service

Posted by Shayne Heffernan on Jun 29th, 2011and filed underBRIC, Equities, Latest News, Markets.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site