Li Ka-shing has struck again. According to a report in the Financial Times on the 21th, the real estate investment company of Hong Kong billionaire Li Ka-shing has agreed to buy the English bar Greene King for nearly 5 billion pounds.

It is reported that in addition to the direct cash purchase of 2.7 billion pounds, the Li Ka-shing family will also bear the debt of 1.9 billion pounds of Gree King, so the total amount will reach 4.6 billion pounds.

In this transaction, the Li Ka-shing family will buy all the shares of King Green, and the purchase price is 51% higher than the company's closing price on the London Stock Exchange on the previous trading day. After the news came out, King Green's share price soared nearly 51% to 849 pence per share.

King Green, founded in 1799, is the leading brewery and English bar group in Britain, and operates more than 2,711 English bars, restaurants and hotels in England, Wales and Scotland. According to the latest announcement of King Gree, the largest bar group in Britain still has very good assets and cash flow.

As of April 21, 2118, the financial income of King Green in the past year was 2,177 million pounds, the profit before special and non-basic projects was 373 million pounds, and the after-tax profit was 243 million pounds.

For this acquisition, Cheung Kong Industrial Group said that Green King is a leading multinational company, and its diversified business covers property, real estate, real estate investment, hotel and service suite business, property management, investment in infrastructure and practical assets business and aircraft leasing business.

Changjiang Industrial Group takes a long-term strategic investment, and values that King Green has a stable, profitable and cash-flow business under the background of British real estate industry. A spokesman for the Li Ka-shing family also believes that British pubs will continue to be an important part of the British culture, catering and light food social market.

The attractions of King Green include its scale and position in the British bar market, as well as the fact that so many of its stores have permanent ownership and long-term lease rights. The company's asset allocation is very good, that is, even if the hotel business loses money, its real estate leasing business can absolutely guarantee profit, which can be said to be a steady business.