CK Asset Holdings, a property developer registered in the Cayman Islands, completed the acquisition of Greene King, the UK's largest pub retailer and brewer, for £4.6bn ($6bn). The offer price represents a premium of approximately 51% to the closing price per Greene King Share on 16 August 2019. "The Greene King board is confident in the long term prospects of the business but believes this offer represents a good opportunity for shareholders to realise value for their investment at an attractive premium, while also ensuring the future success of Greene King for employees, partners, customers and suppliers. We are therefore unanimously recommending it to our shareholders," Philip Yea, Greene King Chairman.