HONG KONG -- Shares in Hong Kong-based Power Assets Holdings shot up more than 11% on Friday to their highest level since March 2015, following the company's announcement of a special dividend plan.
The announcement came after the market closed on Thursday that the power investment arm of CK Hutchison Holdings, the flagship enterprise of Hong Kong tycoon Li Ka-shing, would pay 8.27 Hong Kong dollars as an interim dividend, including a special dividend of HK$7.50.