OREANDA-NEWS. February 04, 2014. HK Electric Investments and HK Electric Investments Limited (Stock code: 02638), commenced trading on the Main Board of the Stock Exchange of Hong Kong ("HKEx").

Mr. Canning Fok, the Chairman and Executive Director of HK Electric Investments, said, "The successful listing of the share stapled units marks the beginning of a new chapter for HK Electric, the utility that has served Hong Kong for over 120 years. The enthusiastic response we got from institutional and retail investors is a strong vote of confidence in the sustainable growth of HK Electric's business."

At the listing ceremony today, Mr. Fok highlighted two achievements which HK Electric is very proud of. "We have been supplying electricity at a reliability rating of over 99.999% since 1997, and in recent years, recorded a power interruption of less than one minute per customer per year on average."

"At the same time, we have communicated to the government, and to the consumers, that our net tariffs will remain unchanged at 2013 levels until 2018. This is unprecedented in the power industry," he added.

Now publicly listed as a fixed single investment trust, HK Electric is committed to a transparent distribution policy with stable distributions for holders of its share stapled units and the potential for sustainable long-term growth of such distributions. Power Assets Holdings Limited has retained a 49.9% interest in HK Electric Investments.

Mr. Fok presented a donation of HK\\$1 million to the Community Chest of Hong Kong as a demonstration of HK Electric’s ongoing commitment to corporate social responsibility.