**Assessing Reinvestment Strategies**

I'm now investigating the hypothesis that proceeds from asset sales, specifically UKPN and UK Rails, are fueling new investments or acquisitions. There's a data gap: I need the net cash receipts from those sales, the debt repayment versus new investment allocation, and IRR data for potential acquisitions to compare with the sold assets' historical returns. I must also verify the offset between lost profit from core asset sales and new project/lower interest expense gains and how increased cash on hand affects future dividends. I will also be verifying the correlation between JV carrying value and actual cash generation, focusing on their 66% of total assets, which have a carrying value of HK$110.52 billion and contributed HK$4.38 billion in comprehensive income in 2025.