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
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