Ann: CKI Proposal APA Grants Due Diligence, page-39

Some information on the consortium of companies making this bid - mainly from Wikipedia:

Cheung Kong Infrastructure Holdings is 75.67% owned by CK Hutchison Holdings Limited.
CK Hutchison Holdings Limited is a Cayman Islands registered multinational conglomerate headquartered in Hong Kong.

CK Asset Holdings, previously known as Cheung Kong Property Holdings Limited, is a property developer registered in the Cayman Islands, with its headquarters and principal place of business in Hong Kong.

Power Assets Holdings Limited owns significant holdings in a number of energy providers and networks around the world, in partnership with its parent company Cheung Kong Infrastructure Holdings, which holds a 38.87% stake in the business.

My comments:

- Complex corporate structures make for challenging auditing.

- No direct taxation is imposed on residents and Cayman Islands companies.

- Hopefully FIRB will check all this and assess if there are any risks to national interest.