Cheung Kong Infrastructure Holdings Limited

Vampire - Nothing Left to Prove
Last week saw AGMs of CITIC Pacific, Hysan, Li & Fung, China Unicom, Cathay, Swire, HK Electric and CKI. In every case, a majority of investor votes were against the 20% cash issue mandate, but controllers pushed it through. With 10 HSI companies now having voted, Project Vampire has nothing left to prove - investors have voted on average by more than 2 to 1 against the issue mandate. It's time for the regulators to act. (16-May-04)

Vampire bites CKI
At Cheung Kong Infrastructure's AGM on Thursday, investors voted against the general issue mandate by an estimated margin of 50.2% to 49.8%, the 5th victory for Project Vampire. Investors are speaking through their votes. (18-May-03)

AGM Results
Company web site, 15-May-03

CKI Voting Recommendations
The 14th AGM in Project Poll is on 15-May-03. We urge shareowners to vote against the general mandate, which could enlarge the free float by 133% if fully used, likely necessitating a substantial discount. (5-May-03)

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