CK Life Sciences buys Australia's Cheetham Salt for A$150m

The share price of CK Life Sciences Int'l jumped 8.3 per cent to 65 HK cents yesterday after the company bought an Australian salt company for A$150 million (HK$1.22 billion).

CK Life, 74.8 per cent owned by Li Ka-shing and his elder son, Victor Li Tzar-kuoi, is engaged in health and agriculture products, and the water business.

CK Life said yesterday it had signed an agreement to fully acquire Cheetham Salt from Australian-listed Ridley Corp. The sale price is lower than the more than A$240 million reported in The Australian newspaper on March 6.

via Business feed http://www.scmp.com/business/companies/article/1094230/ck-life-sciences-buys-australias-cheetham-salt-a150m